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
Retail giant PKO BP gets go ahead for Bank Pocztowy deal
more »
Europe’s largest mobile phone operator, has shunned its traditional advisers on mergers and acquisitions
more »
The Hungarian central bank cut its benchmark interest rate by 0.50 percentage points to 11.0 percent in what was seen as an attempt to weaken the country's currency
more »
The world's second-largest steel producer, LNM Holdings, bought a 51-percent stake in Bosnia's biggest steelworks, BH Steel, for 80 million dollars
more »
European stock markets slid on Friday amid profit taking in the oil sector but managed to end off their lows as Wall Street rebounded from Thursday's sell-off
more »
Hewlett-Packard announced the firing of three top executives after reporting a dismal quarter and acknowledging that the company's failure to execute on its own internal computing initiatives left it vulnerable to competitors
more »
Lithuanian companies making military clothes overflowed with orders from NATO countries
more »
Standard & Poor's, a rating firm, has assigned an A credit rating to PZU, the state-controlled insurance giant
more »
The Czech Republic's current account deficit came in at a higher than expected $403 million, official figures showed Wednesday.
more »
SkyEurope, the Slovak budget carrier, will start to offer flights from Kraków airport in September
more »