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
Commerzbank and its chief executive, Klaus-Peter Müller, risk being dragged into the struggle for control of Megafon, one of Russia's largest mobile phone operators
more »
Hungarian Visa cardholders made purchases totaling USD 865.2 million using their Visa cards in Hungary last year
more »
A new World Bank report released reveals some encouraging signs that the magnitude and negative impact that corruption exerts on business may be declining in many countries of the Europe and Central Asia region
more »
Banks and government agree on need to boost creditors' rights
more »
Hungarian Government officials and executives of key foreign investors reviewed economic policy and its bearing on foreign investment at a meeting of the Investors’ Council in Parliament last Tuesday
more »
Hungary’s export volume rose 18.4% in January compared to a year earlier, while imports rose 12.1%, the Central Statistics Office (KSH) reported
more »
OLAF and Europol strengthen cooperation in combating financial crime
more »
The European Commission has expressed serious worries about the state of Czech public finances
more »
Business is booming in Poland's special economic zones
more »
The Czech central bank said Tuesday its decision to keep interest rates unchanged in late March was approved unanimously by the bank's board
more »