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

Prime Minister‘s holidays

Prime Minister Gediminas Kirkilas will leave on summer holidays on 28 July. more »

In Brussels Foreign Minister paid most attention to Ukraine and Georgia

On 22 July, during the European Union’s General Affairs and External Relations Council meeting in Brussels, Lithuanian Minister of Foreign Affairs Petras Vaitiekūnas and the EU heads of diplomacy paid most attention to the issues of Ukraine and Georgia. more »

Valdas Adamkus: Domeyko’s life is an example to be followed by every Lithuanian building a life and pursuing happiness outside of Lithuania

President Valdas Adamkus started his state visit to the Republic of Chile by visiting the House of Ignacio Domeyko, a world-famous scholar, mineralogist, geologist, ethnologist, educator, Rector of the University of Chile, and eminent citizen of Chile. more »

Chief of Defence of Georgia visiting Lithuania

Chief of Joint Staff of the Armed Forces of Georgia Brig. Gen. Zaza Gogava came for a three-day visit to Lithuania on July 23 more »

Joint declaration by the President of the Republic of Lithuania Valdas Adamkus and the President of the Oriental Republic of Uruguay Tabare Vazquez

Strengthening the historical bonds of friendship between the Oriental Republic of Uruguay and the Republic of Lithuania, the President of the Republic of Lithuania Valdas Adamkus made an official visit to the Oriental Republic of Uruguay. more »

Kazakhstan reopens border with Kyrgyzstan

Kazakhstan has reopened its border with Kyrgyzstan more »

The Urgent Reforms

RUSSIAN MP ON CIS, RUSSIA-UKRAINE RELATIONS, BEREZOVSKY CONTROVERSY more »