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 Kakheti Regional Roads Improvement Project for Georgia aims to reduce transport costs and improve access and traffic safety for the Kakheti regional roads.
more »
“Don Quixote – Made in Romania” brought the curtain down on the Cultural Days of the European Central Bank (ECB) 2009, with an expressive combination of tap dance, folklore, pantomime and martial arts.
more »
The Latvian Finance and Capital Market Commission permitted Mr. Vladimir Antonov, who is also the main shareholder of AB Bank SNORAS, to acquire and manage up to 33 per cent of the shareholding of the Latvian bank AS “Latvijas Krajbanka”.
more »
On October 30, the French-capital company “Eurovia Lietuva” opened a new asphalt plant near the capital city Vilnius. The company invested EUR 3.5 million into the new factory which is located near the old manufacturing facility to be closed soon.
more »
During the extraordinary general shareholders' meeting of AB Bank SNORAS, which took place on 5th November 2009, it was decided by additional contributions to increase the authorized capital of the bank by more than LTL 88 million.
more »
The French-capital company “Eurovia Lietuva” opened a new asphalt plant near the capital city Vilnius.
more »
“Banking Market in the Baltics 2009-2011, CEE Banking Brief” report recently presented by Intelace Research states that, despite the current economic recession, Estonia, Latvia and Lithuania are still among the most advanced banking markets in Central and Eastern Europe (CEE).
more »
The Bank of Lithuania permitted AB Bank SNORAS to include in the second level capital LTL 72.5 million (EUR 21 million) worth emission of termless debt securities distributed via non-public distribution on 31st August this year.
more »
The remit of the Parliamentary Committee set up to examine the financial crisis was debated at its first meeting on Wednesday (4 November).
more »
Europeans can now use direct debit from their home account to pay bills anywhere in the EU.
more »