Lithuania Has the Most Stable Prices in Central Europe
Published:
10 July 2002 y., Wednesday
Lithuania has the most stable prices in Central and Eastern Europe. This was the conclusion drawn by the experts from Bank Austria in a report on inflation in Central and Eastern Europe.
Prices of key consumer goods and services in Lithuania rose only by 0.5% on year-on- year terms. The experts from Bank Austria noted that Lithuania had the lowest inflation rate of any of the twelve countries in the euro zone, where the average inflation stood at 2% in May.
In their opinion this year Lithuania will meet the requirement for members of the Economic and Monetary Union (EMU) that a country’s inflation should not exceed the average of the inflation rates of the three member states with the most stable rates by more than 1.5 percentage points. The average rate for 2002 is projected at 3.3%. Bank Austria forecasts a 2.8% inflation rate for Lithuania in 2002 and 3% - 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 approved an application from Spain for assistance under the European Globalisation adjustment Fund (EGF).
more »
Green issues continue to dominate the headlines, as MEPs from the Transport Committee vote Wednesday on possible new charges for lorries, based not only on CO2 emissions but other factors such as noise and air pollution and congestion.
more »
High level representatives from business, higher education and politics are meeting in Brussels on 5-6 February for the 2009 European University-Business Forum.
more »
Bailoutbooth.com is doling out $50 and $100 bills to anyone over 18 who can explain why they need it.
more »
China's big three airlines are predicting a bumpy ride for 2009. With the global economic slowdown, failing passenger demand and cost pressures, all three carriers are feeling the credit crunch's bite.
more »
The Czech EU Presidency aims to give a new impetus to European car industry, a key sector that has been seriously hit by the global economic crisis.
more »
Opening a new front in the fight against climate change, cities across Europe vow deeper emission cuts.
more »
Taking into account changes on international and domestic money markets AB DnB NORD Bankas, a member of international financial group, has changed individual and corporate customers time deposit rates.
more »
A European Commission report shows that structured dialogue between workers' and employers' representatives can help the EU face the economic crisis.
more »
Dennis Kozlowski, the ex-Tyco CEO who spent 6 thousand dollars in company money on a shower curtain, has plenty of company today in the corporate shame game.
more »