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 European Commission launched "The ocean of tomorrow " call for research proposals. Oceans cover about 70% of the Earth's surface, but human activity is increasing environmental pressure on them.
more »
The EBRD is stepping up its support to the real economy in Georgia with new funds for on-lending to local businesses.
more »
Lithuania’s Ambassador to Germany and Special Representative for EU External Relations in the German Foreign Office discussed the situation regarding the decision of private credit insurance company in Germany Euler Hermes to apply the rating of a maximum risk country for Lithuania.
more »
Peter Reiniger Business Group Director for Central Europe and the Western Balkans from the European Bank for Reconstruction and Development visited Latvia to sign subordinated loan agreement with Parex banka.
more »
The European Commission has approved 16 programmes in 12 Member States to provide information on and to promote agricultural products in the European Union.
more »
New measures to help farmers through recession as milk prices tumble.
more »
Federal Reserve Chairman Ben Bernanke said the outlook for the long-suffering U.S. economy appears to be improving.
more »
The Swiss Government and the EBRD are providing €11.8 million to improve the supply of water to some 1 million people living in Bishkek, the capital of the Kyrgyz Republic.
more »
The Neighbourhood Investment Facility (NIF), a key instrument of the intensified European Neighbourhood Policy (ENP), will benefit in 2009 from a €70 million contribution by the European Commission.
more »
In response to the impact of the global crisis on the Romanian construction sector, the EBRD is supporting Lafarge Ciment (Romania) S.A. with a €20 million loan in Romanian lei to finance the company’s operations and to support its working capital requirements.
more »