Lithuania’s Economy Continuously at Its Peak

Published: 16 November 2005 y., Wednesday

The World Bank has recently announced that the GDP growth in Lithuania in 2005 and 2006 will continuously remain one of the most significant among the 8 new EU Members.
It has been forecasted that the GDP increase in Lithuania will reach 6.2 % in 2005, and 6 % next year. According to the figures announced by the Lithuanian Department of Statistics, Lithuania’s exports and imports grew 24.2 % and 18.4 % respectively, and the flow of foreign direct investments (FDI) increased by 8.3 % during the first half of the present year.

Thomas Blatt Laursen, the Lead Economist at the World Bank, has noted that the successful economic development of Lithuania and all the other new EU Members has been influenced neither by the rising prices on the world market of oil products, nor by the economic stagnation of Western countries.

Šaltinis: lda.lt
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Key Lithuanian Social Groups Sign Economic Pact with Government

The Government of Lithuania has reached a watershed agreement with the nation’s most important business, labour and social groups on policies and initiatives to overcome the current deep recession as swiftly as possible and put the economy back on track for euro adoption and stable growth. more »

EU Baltic Sea Strategy adopted

Yesterday, 26 October, the EU countries agreed to adopt a common strategy for the Baltic Sea region. more »

Dalia Grybauskaitė congratulated President of Turkmenistan on Independence Day

President Dalia Grybauskaitė extended congratulations to President Gurbanguly Berdymuhamedov of Turkmenistan on the occasion of Independence Day. more »

The President discussed the priorities of Lithuania’s chairmanship of the OSCE

President Dalia Grybauskaitė received OSCE Secretary General Marc Perrin de Brichambaut. more »

Improving foreign investment climate is essential for economic recovery

President Dalia Grybauskaitė received representatives of the European Business Network and foreign investors in Lithuania. more »

Prime Minister welcomes new US Ambassador

Prime Minister Andrius Kubilius has received a visit from the new Extraordinary and Plenipotentiary Ambassador of the United States to Lithuania Anne Elizabeth Derse. more »

Lithuania and Austria will continue to strengthen cooperation in the area of Consular Assistance

Today, on 21 October during the visit to Austria, Lithuania’s Minister of Foreign Affairs Vygaudas Ušackas met with Michael Spindelegger, Minister for European and Foreign Affairs of Austria. more »

Minister of National Defence visits the United Kingdom

October 19-20, Minister of National Defence Rasa Juknevičienė will pay a formal visit the UK by invitation of Defence Secretary Bob Ainsworth. more »

Cooperation between Lithuania and Azerbaijan was discussed in Baku

On 17 October in Baku, Lithuania’s Minister of Foreign Affairs Vygaudas Ušackas and Minister of Foreign Affairs of Azerbaijan Elmar Mammadyarov discussed bilateral cooperation... more »

Ms Irena Degutienė urges to take concrete steps for evaluating the Soviet and Nazi totalitarian regimes on the international level

Ms Irena Degutienė, Speaker of the Seimas of the Republic of Lithuania, participated in the International Conference Europe 70 years after the Molotov–Ribbentrop Pact held by the European Parliament. more »