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 European Commission approved an application from Spain for assistance from the EU Globalisation Adjustment Fund (EGF).
more »
The European Commission today reiterated the potential of existing EU-rules on mediation in cross-border legal disputes, reminding Member States that these measures can only be effective if put in place by Member States at national level.
more »
Exports of animals and animal products from the European Union to Russia are expected to receive a boost after five new certificates for exports between the EU and the Russian Federation entered into force on August 15.
more »
World Bank Group President Robert B. Zoellick visited Moldova on August 11-12 at the invitation of Prime Minister Vlad Filat.
more »
These are the financial results of the banking activities of the Danske Bank Group in Lithuania (Danske Bankas and Danske Lizingas UAB).
more »
The European Investment Bank (EIB) today signed its first loan agreement with Armenia.
more »
Given the worsening food crisis in the Sahel, the Commission today agreed to disburse €14.9 million for food security in Niger, the worst affected country in the area.
more »
The European Commission has cleared under the EU Merger Regulation the proposed restructuring of Arnotts' debts in return for a transfer of control to Anglo Irish Bank and Royal Bank of Scotland (RBS).
more »
The European Commission today approved a new financial support package of €135 million for Morocco.
more »
The European Commission is allocating an extra €10 million in humanitarian aid for Liberia.
more »