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
Belarus Negotiates Trade, Economic Relations with New EU Members
more »
Microsoft's strategy toward venture investing these days can be summed up in a word: Don't.
more »
Non-oil bilateral trade between Dubai and Bosnia and Herzegovina needs serious development, says Al Mutaiwee
more »
The Hungarian government will next week announce the date when Hungary intends to adopt the euro, Finance Minister Tibor Draskovics said on Tuesday
more »
Cyprus, Estonia, Lithuania, Slovenia 'could adopt euro by 2007'
more »
The draft of the National Development Plan, prepared under the lead of Jerzy Hausner, envisages continued strong economic growth
more »
DuPont Co. and the European Investment Bank led issuers that sold almost $13 billion of debt in the U.S. last week
more »
In 2004 investment flows will be much bigger in new EU member states, forecasts EBRD
more »
Italy yesterday became the latest country in the eurozone to be ordered to bring its budget deficit in line with European rules or face punishment
more »
Shares in Czech oil company Unipetrol have been suspended from trading Wednesday to give the government time to decide on a Polish privatization bid
more »