Economy

Lithuanian GDP ‘to rise by over 3% every year to 2019’

Contracted export market and Russian economic stagnation last year slowed Lithuania's gross domestic product growth, but this year the growth will be twice...

‘Increased consumer spending kept Lithuania out of recession in 2015’

Increased household consumption and investment are increasingly driving economic growth in Lithuania - without them the Lithuanian economy could have fallen...

Higher minimum wage will lead to higher prices

A higher minimum wage , which will increase again in July, will inevitably lead to higher service prices, according to economists. Experts expect inflation...

Lithuanian holiday shoppers head to Poland for savings

With the holiday season in full swing, the Suwalki region in neighbouring Poland is becoming an ever-more popular destination for Lithuanians, who travel...

More Lithuanians optimistic about country's economy

In the opinion of a seventh of the polled residents of Lithuania, the economic situation in the country has improved over the last two months, while more...

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