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
Motorola, Inc. today reported sales of $7.5 billion in the third quarter of 2008.
more »
The global financial crisis has already battered many European banks. Now it is hitting the EU auto industry, the world’s largest producer of motor vehicles.
more »
The European Commission has approved, under EC Treaty state aid rules, a German rescue package intended to stabilise financial markets by providing capital and guarantees to eligible financial institutions.
more »
A new report by the European Commission has assessed the competitiveness of the European Union in the global economy at the end of a decade of rapid economic change.
more »
Revenue surpasses $15 billion with healthy sales of enterprise software and Xbox 360 consoles.
more »
Airport charges are one of the hidden costs of flying and usually they are passed on from airlines to passengers.
more »
US and European leaders agree to series of summits on world finance.
more »
On Monday MEPs will debate a recovery plan for cod stocks in the North Sea and West Scotland. With over 70% of the world’s fish species already fully exploited or depleted, fisheries faces a crisis.
more »
A new study released by the European Commission today confirms the trend towards more private pension provision in the EU but highlights the need for inclusive coverage and adequate pension levels.
more »
Thursday, October 16, Brussels. President of the Republic of Lithuania Valdas Adamkus attended the second day session of the European Council meeting.
more »