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
When you fill up your car with petrol you often find that your hand will reek of petrol unless you have worn gloves.
more »
The EU is going through its worst recession since WWII. Inflation has slowed, but employment and public finances are hard hit. The situation should stabilise in 2010.
more »
In the current economic environment, banks should carefully analyze the current and future total cost of ownership of their technology assets, and evaluate the outsourcing alternative.
more »
Commission proposes first EU law on hedge funds and issues guidelines on bank pay practices.
more »
On 30 April, Lithuania’s Minister of Foreign Affairs Vygaudas Ušackas took part in the round table discussion “The European Union’s External Trade Policy and Lithuania’s Positions: Threats and Possibilities for the Lithuanian Industry”.
more »
Since 28 April this year, the clients of AB Bank SNORAS will be able to process their financial matters in a clearer and more user-friendly environment of “Internet Bank+” system.
more »
2009 ageing report: Europe tackling the challenge of an ageing population but the recession threatens a setback.
more »
More choice, investment and security of supply lie at the heart of the 3rd energy package.
more »
Swine flu, a new strain of influenza, has so far left more than a hundred dead. But in one sector, the illness could have huge benefits.
more »
Central European bargain hunters are crossing borders for the best buys. Slovakian shoppers in Hungary are making the most of their new eurozone membership.
more »