GDP

Lithuanian shoppers have been making shopping trips to neighbouring Poland where despite comparable living standards prices of food and other goods are considerably cheaper.

Brexit would have a strong impact on Lithuania’s economy because of the size of the Lithuanian diaspora in the UK which sends back large amounts of money to the country via remittances and because Britain is a key trade partner.

Lithuania’s cities will need to specialise more in specific industries and capabilities it they want to remain competitive in attracting foreign direct investments, said Dr Samir Hamrouni, head of the World Economic Zones Organization and the chief advisor at the Dubai technological park, Silicon Oa...

Lithuanian economists have criticized the government's "inaction", saying that the country's economy have grown despite rather than because of its economic policies. However, challenges loom ahead.

Lithuania's economic growth was lower than initially estimated in the final quarter of 2015, the latest figures from Statistics Lithuania showed on Monday.

The Lithuanian economy grew at its slowest pace since 2010 last year at 1.6%, but rising business confidence and increasing orders should drive higher economic growth in the year ahead.

A collapse of Schengen zone could cost the European Union’s economy as much as €1.4 trillion over the next decade, according to a new study.

Stronger growth in the Eurozone and a stabilising international environment, supported by strong domestic consumption should boost Lithuanian businesses in 2016, according to Swedbank.

Demographics will soon be the biggest problem facing Lithuanian society and industry, leading economists have warned, urging Lithuanian politicians to address the massive emigration that has been draining the Lithuanian population for over a decade now.

The European Commission is predicting that the Lithuanian economy will grow by 2.9% this year following a lacklustre performance in 2015.

A restoration of trade relations between Moscow and Brussels should not be expected in the near future, said the European Union Ambassador to the Russian Federation Vygaudas Ušackas in a meeting with the businessmen of the port city of Klaipėda.

Global M&A activity grew to record levels in 2015, fuelled by some mega mergers in the pharmaceutical, energy and consumer industries. Lithuania bucked the trend with less consolidation and acquisitions than in the previous year and stood out as the least active in the corporate bond market. The fin...

After riding themselves of dependence on unpredictable markets in Russia Lithuanian exporters are facing another potential crisis in Poland, according to Swedbank economist Nerijus Mačiulis.

Contracted export market and Russian economic stagnation last year slowed Lithuania's gross domestic product growth, but this year the growth will be twice as fast and will rise from 1.6 to 3.2 percent, announces professional services company EY in the latest publication the Euro Forecast.

Lithuania's economy will grow by 2.8% in 2015 despite a range of headwinds, driven on by increased consumer spending, low oil prices and a recovering Eurozone, according to SEB Bank’s latest projections.

Increased household consumption and investment are increasingly driving economic growth in Lithuania - without them the Lithuanian economy could have fallen into recession in 2015, according to SEB bank economists.

In 2014, Lithuania's gross domestic product (GDP) per capita compared to purchasing power parity (PPP) grew by 2 percent, bringing it up to 75 percent of the EU average.

The Lithuanian government has endorsed a proposal to redraw the country's regional divisions in order to keep some of the European Union support after 2021.

Foreign direct investment in Lithuania rose for a third consecutive quarter, with an inflow of €247.2 million FDI secured in the third quarter of 2015.

According to Gitanas Nausėda, the advisor of the president of SEB Bank, 2015 wasn't a very special year for Lithuania, though, considering Lithuania's GDP growth, it would be wrong to call it a stagnant year as well.