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
Two major German carmakers, BMW and Audi, released their half-year results this week
more »
Comparisons Made Between Mexico, China and Eastern Europe for Electronics Manufacturing by TFI
more »
Lithuania has the Fastest Growing Economy in Europe, According to The Economist
more »
Slovakia, the fourth-largest country set to join the European Union in May, aims to adopt the euro by 2009 to boost the economy and cut companies' costs
more »
Toshiba Corp. said Monday it has won a $12 million contract to supply the Swedish postal service with advanced mail-sorting equipment
more »
Kazakh President Nursultan Nazarbayev considers that the renewal of Iraqi oil supplies to the world market will not influence hydrocarbon exports from Kazakhstan
more »
The Estonian Finance Ministry predicts that the planned lowering of the personal income tax rate and increase in tax-exempt income will cause
more »
Estonia wishes to join the European Monetary Union (EMU) and adopt the euro currency as soon as possible
more »
Parliamentarian and chairman of the Christian Democrats, Bjarne Kallis, wants to institute a traveller's tax on all ships that ply the route back and forth to Estonia
more »
IMF REPRESENTATIVE TO MOLDOVA SAYS CHISINAU LOST 2003 CHANCE
more »