Lithuania’s economy may reach the level of old EU member states in 18 years
Published:
19 June 2004 y., Saturday
Being the fastest growing economy in Europe (with its GDP growth rate of 9% in 2003 and 7.7% in the first quarter of 2004), Lithuania might reach the level of old EU members in 18 years, according to forecasts of analysts of Vilniaus Bankas, owned by the SEB group. The analysts estimate that Lithuania’s GDP will rise by 6.8% in 2004 and 2005 and by 6.4% in 2006. Meanwhile the GDP of eurozone countries will grow by 1.5% in 2004 and 2.2% in 2005.
Free trade in the single market and a rise in wealth of Lithuania’s population will be an even greater stimulus for the country’s economic development than the EU structural funds, say the analysts.
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
Accordiong to RA 2005 bill on state budget, by the end of 2005 Armenia's foreign debt will amount to about $1 billion 172 million
more »
China hopes Uzbekistan could take measures to attract more Chinese enterprises to invest there while the Chinese government encourages them to "go out"
more »
Levies on business are seriously harming the country’s competitiveness, KPMG finds
more »
Mikohn Europe B.V. a leading provider of diversified products and services used in the gaming industry world-wide announced today it signed a key CasinoLink(R) contract with DLV Firma Latvia
more »
Russia and Belarus have settled all problems related to gas supplies till 2005
more »
The Confederation of Finnish Industries (EK) published a cyclical barometer on Thursday with a message urging moderation for the ongoing incomes talks
more »
The dollar fell to a record low against the euro on Friday, with analysts forecasting more declines to come
more »
Kazakhstan has reached a preliminary agreement in its controversial bid for part of a stake owned by British Gas (BG) in the vast Kashagan offshore oil field, the country's foreign ministry said yesterday
more »
Poland and Russia sign accord as Eastern exports return to pre-crash levels
more »
ITALIAN INVESTMENTS IN RUSSIA REACH $1.4 BILLION
more »