Gross domestic product

PM welcomes business’ initiative calling for 4% defence spending target

Prime Minister Ingrida Šimonytė welcomes the recent initiative of Lithuanian businesses urging politicians to agree on raising defence spending to 4%...

Coronavirus-triggered economic crisis less severe than in 2009

Lithuania's gross domestic product contracted by 3.7 percent in the second quarter of 2020 from a year ago to 11.5 billion euros at current prices, the...