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

President: "Our unity, trust, determination to act are the guiding principles on the path to a more secure world"

President of the Republic of Lithuania Valdas Adamkus participated in the opening session of the Organisation for Security and Co-operation in Europe (OSCE) Parliamentary Assembly. more »

President Adamkus awarded with Lithuanian Millennium Star

President Valdas Adamkus visited the Ministry of Foreign Affairs to bid farewell to its leadership and diplomatic corps. more »

Vilnius Square to be opened by Presidents of Lithuania and Georgia

June 22, Monday, President Valdas Adamkus is leaving for a working visit to Georgia. more »

Interconnection of Baltic Energy Markets

On Wednesday, Prime Minister Andrius Kubilius and his Baltic counterparts met with President of the European Commission José Manuel Barroso. more »

President to attend the European Summit in Brussels

This Thursday, June 18, President of the Republic of Lithuania Valdas Adamkus goes on a two-day working visit to Brussels, Belgium, to attend the European Council meeting. more »

Lithuania's 500 mln eurobond issue sold out

Lithuania has successfully tapped international financial markets with a 500-million euro benchmark eurobond transaction due 2014, with an annual coupon of 9.375 percent. more »

Accreditation for the Millennium celebratory events on July 6 starts today

July 6 will see a number of events dedicated to the Millennium of the Name of Lithuania. more »

President believes business community will keep performing successfully in local and foreign markets

President of the Republic of Lithuania Valdas Adamkus attended the Swedish Business Awards 2009 Ceremony. more »

President discussed bilateral security and defence cooperation with German Defence Minister

President of the Republic of Lithuania Valdas Adamkus received Minister of Defence of the Federal Republic of Germany, Mr. Franz Josef Jung. more »

President invites foreign businesspeople to invest in Lithuania more actively

President of the Republic of Lithuania Valdas Adamkus attended a reception as part of the international conference „The World Forum for Direct Investment 2009". more »