Lithuania Boasts One of the Fastest Growing Economies with FDI Flows Increasing
Published:
4 July 2003 y., Friday
According to final data of the Department of Statistics, Lithuanian GDP grew by 9.4% in Q1 of 2003, which made Lithuania one of the fastest growing economies in the world, leaving its Baltic neighbours far behind (in Estonia the respective GDP growth figure was 5.2%.)
In the same period Foreign Direct Investment (FDI) in Lithuania increased by 4%, compared to Q1 of 2002. As of April 1, cumulative FDI was EUR 3.97 billion. Major investments went into processing (28.6%), financial intermediation (19.5%), (18%) and trade (17%).
Top countries investors in Lithuania are Denmark, Sweden, Estonia, Germany and the USA.
Šaltinis:
lda.lt
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The future of Europe's troubled car market and 12 million jobs was under scrutiny Tuesday.
more »
Europe must take the lead in finding solutions to the global crisis at next week's G20 summit, British prime minister Gordon Brown told MEPs in a speech in Strasbourg on Tuesday that was warmly welcomed by leaders of the main political groups.
more »
The US and Europe are in the worst economic crisis since the 1930s. With unemployment rising dramatically and businesses failing, fear is spreading.
more »
Monday evening sees MEPs consider the emotive subject of food prices in Europe.
more »
Shares in Wincor Nixdorf AG have fallen 3.5 percent and the ATM company says it is preparing to cut production hours.
more »
Leaders agreed to use €5bn in unspent EU funds to upgrade energy and internet connections. And they raised the ceiling on EU aid to countries having difficulties.
more »
Charges on heavy-goods vehicles should be based in part on the air and noise pollution they produce, according to legislation approved by the European Parliament today.
more »
EU agriculture officials are about to get a reality check. Starting next year, their on-the-job training will include a stint on a working farm.
more »
Privatisation, balanced budgets, low public deficits, and free trade have long been the mantra for prudent economic management.
more »
Building roads and pipelines, ensuring food safety, improving education, fighting discrimination and boosting jobs are all funded from the EU budget.
more »