Faster Lithuania’s economic growth has made experts review their forecasts
Published:
5 July 2002 y., Friday
Faster Lithuania’s economic growth has made experts review their forecasts. Some experts may increase the country’s expected GDP growth to 5.7% for 2002.
Lithuania’s faster economic growth is stimulated by the recovering European economy and by the growing internal market.
“The recovering European economy should stimulate Lithuanian exports to the EU. Exports eastward should also increase”, said Gitanas Nauseda, Adviser to the President of Vilniaus Bankas.
Reviewed forecasts have also taken into account increasing internal investment in Lithuania. In the first quarter of the year business loan portfolio grew by over EUR 290 million compared to the same period of the previous year. It is forecast that total internal investments will increase by 15% this year and by 13% in 2003.
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 has authorised under EU state aid rules a €550 million capital injection and a €400 million guarantee in favour of the Austrian bank BAWAG. P.S.K. The Commission found the measures to be in line with EU state aid rules.
more »
EUROSTAT has reported that the sharpest annual decrease in hourly labour costs of -10.9% was observed in Lithuania in the 3rd quarter of 2009.
more »
Statistics Lithuania informs that, according to the Labour Force Survey data, the number of the unemployed in III quarter 2009 made 228.1 thousand.
more »
What has come to be termed as the "Great Recession" seems to have come to an end in the third quarter of 2009.
more »
The European Commission has authorised, under EU State aid rules, a measure adopted by Lithuania to limit the adverse impact of the current financial crisis on exporting firms.
more »
The schedule of Vilnius International Airport (VIA) is supplemented with 3 more new directions; the airline company airBaltic starts regular flights to Paris today, to Munich tomorrow, and to Berlin on Monday.
more »
The Governing Council of the European Central Bank (ECB) has decided to start the main construction works for its new premises in spring 2010.
more »
AB Bank SNORAS was granted the award from NASDAQ OMX Baltic Stock Exchange for the jubilee 15-year listing of the bank’s shares on NASDAQ OMX Vilnius Stock Exchange.
more »
Parex banka has established a subsidiary, SIA NIF, which will professionally manage assets that are not related to the Bank’s core business.
more »
Mariann Fischer Boel, European Commissioner for Agriculture and Rural Development, today put forward a plan to ensure that Greece will put in place the systems necessary to allow EU aid payments to be made to farmers.
more »