Economy

In 2014, Lithuania's gross domestic product (GDP), estimated based on available statistical data and econometric models, amounted to EUR 36,270.8 million (LTL 125,236 million) at current prices. Compared to 2014, the real GDP change, seasonally and working day adjusted, stood at 2.9 percent, Statist...

Lithuania has gone up six notches to rank 15th among 178 countries worldwide in the latest economic freedom ranking released by the US-based think tank Heritage Foundation.

The Lithuania Tribune / EN.DELFI TV spoke to Rokas Grajauskas, Analyst for the Baltic states of Danske Bank. How low oil prices are going to affect Lithuania’s economy, we asked Grajauskas.

Lithuania will help Ukraine boost the country’s exports, improve public procurement system and strengthen the energy sector.

The Lithuania Tribune / EN.DELFI TV spoke to Rokas Grajauskas, Analyst for the Baltic states of Danske Bank. How growing value of USD is going to affect Lithuania’s economy, we asked Grajauskas.

Statistics Lithuania forecasts that monthly deflation measured by the Harmonised Index of Consumer Prices (HICP) is likely to be zero in January and amount to 0.0 percent, compared to December 2014.

The Lithuania Tribune / EN.DELFI TV spoke to Linas Kojala, analyst at the Eastern Europe Studies Centre. What are the strengths and weaknesses of Eurasian Economic Union (EEU), we asked Kojala.

Lithuania's Minister of Finance Rimantas Šadžius says that if the economy and wages grow, then raising the minimum monthly salary to EUR 325 from 1 July will not have a negative effect on public finances.

Key challenges for Lithuania’s economy next year will include the weakening purchasing power in Russia, competition in the euro area as well as sluggish investment into the expansion of manufacturing, the finance minister has said.

As the Russian rouble took a dizzying dive in currency markets this week, consumers in Russia are on alert: buyers sweep clean shop shelves, buying everything they can before money in their valets lose even more value.

120s: Shock will come to Russia in January, Exchanging roubles for dollars, Empty shelves, Lithuanian businesspeople worried, No one wants Russia to go bankrupt, Deadly mid-court throw in Šiauliai.

120s: Russia's central bank takes desperate measures, Amendments on use of military force in peacetime, Soviet symbols out, Russia does what Russia wants, Driving instructor and driver have a stand-off on the street.

Economists from eight different research institutions of Lithuania have presented the results of the common project entitled Long-Term Competitiveness Challenges of Lithuanian Economy. Demography and emigration, they say, is the most pressing issues in planning for the future.

Growing consumption and investment encourage consistent growth of Lithuania's economy; however, a poorer outlook for the country's major foreign trade partners, as well as gradually slowing development of domestic demand led to more cautious GDP growth projections for next year. The Bank of Lithuani...

Actual Individual Consumption (AIC) is a measure of material welfare of households. In 2013, AIC per capita expressed in Purchasing Power Standards (PPS) varied from 49 percent to 136 percent of the European Union average across the Member States, according to Eurostat, the statistical office of the...

If there was anything surprising in Russian President Vladimir Putin’s annual address to the Federal Assembly it was that there was nothing new in it. It seems that slowly, very slowly, something is dawning on the Kremlin: a gloomy realization that Vladimir Putin is no saviour.

Average monthly pre-tax earnings in the third quarter of this year grew in companies, institutions and organisations in all counties of Lithuania, Statistics Lithuania reports.

Next year Lithuania's economy should grow 2.7 percent, a lower indicator than projected by the Finance Ministry but more than the majority of other European countries, says the Economist Intelligence Unit of the British business daily, The Economist.

Despite Russia's embargo and the complicated situation in top export markets, Lithuanian economic growth in 2014 will be among the fastest in the EU member states.

120s: Spy caught in Lithuania, Situation getting out of hand, Two military convoys in Ukraine, Russian economy to stagnate, 19-storey hotel demolished in Atlanta, USA.