Lithuania dramatically advances in ranking of countries with free economy
Published:
12 January 2001 y., Friday
Lithuania has advanced to 42nd place in 2000 from 61st in 1999, the biggest jump worldwide in the global survey, conducted by the heritage Foundation, a US economic analysis group, and The Wall Street Journal.
With regard to the index of economic freedom, Lithuania now shares the same position as Hungary, Kuwait and Panama, well ahead of Latvia and other Eastern and Central European countries. Economic freedom is evaluated by considering about 50 different economic factors, including fiscal and monetary policies, freedom of capital movement, the level of foreign investment and the extent of state regulation of the economy.
An ambitious programme to promote private business and lower government spending policies became key factors in allowing the country to advance, The Wall Street Journal noted.
The new liberal-oriented government has vowed to keep fighting bureaucracy and to lower taxes, aiming to further encourage economic growth and foreign investment.
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 Gas Coordination Group, chaired by the Commission, met this afternoon to analyze in detail all elements of the preparedness of the EU and the Energy Community for a potential supply disruption in the Winter 2009/2010.
more »
In a meeting of the European Bank Coordination Initiative Group, held in Brussels, the parent banks of the nine largest banks operating in Romania reaffirmed their commitment to maintain their exposure to the country and ensure adequate capital levels over 10 percent for their affiliates.
more »
Airline airBaltic has informed of its plans to resume some flights from Vilnius International Airport before the end of this year.
more »
The European Commission has approved under EC Treaty state aid rules the restructuring plan of Lloyds Banking Group.
more »
"Finance and climate change" was under discussion at a 10 November hearing in parliament's Industry, Research and Energy Committee.
more »
The International Monetary Fund announced today the sale of 2 metric tons of gold to the Bank of Mauritius, the nation’s central bank.
more »
The euro area economy grew by 0.4% in the third quarter. Is the crisis over?
more »
After lots were drawn, ten winners of Danske Bankas scholarships and one winner of an iPod shuffle player were established.
more »
From 16 November 2009, AB Bank SNORAS network starts providing new products – one can sign agreements of “Finasta Asset Management” II level pension accumulation funds in all subdivisions of the bank.
more »
The expected turnaround in the Baltic Rim economies is likely to gradually improve the business opportunities for Nordic companies operating in the region.
more »