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
The financial crisis is having a serious impact on low-income countries.
more »
The agreement was welcomed by the EU, which has led efforts to crack down on loose banking practices that caused the financial crisis.
more »
On 31 March this year, the boards of AB Bank SNORAS and AB “Invalda” approved of the purchase and sales transaction of AB “Invalda” financial group's companies.
more »
MEPs will vote on Thursday 2 April on a first reading agreement on the voluntary EU Ecolabel (“EU flower”) system for environment-friendly products to become less costly and bureaucratic to use.
more »
The fourth quarter of 2008 was not so good for the banking industry, and the financial conditions of commercial banks and savings and loans is expected to further deteriorate for the rest of 2009 and the first part of 2010, according to LACE Financial Corp.
more »
MEPs recently gave the green light to a new trade deal between Europe and Caribbean countries.
more »
New VoIP Features Boost Flexibility, Mobility, Cost Savings for Organizations Seeking to Untether Workers.
more »
According to the revised data, in IV quarter 2008, GDP at current prices made LTL 28578.8 million and against IV quarter 2007 decreased by 2.2 per cent.
more »
The EP Fisheries Committee rewrote the rules on recreational fishing in its consultative report, adopted Tuesday, on a proposed “control regulation” to ensure compliance with common fisheries policy (CFP) rules.
more »
In a measure of the Union’s strong growth prior to the financial crisis, the demand for EU trademark rights has shot up in recent years, creating an unexpected budget surplus.
more »