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Saturday 19.08.2017 | Name days: Melānija, Imanta
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Lithuania’s economy to expand 4.9% in 2011 and 4.6% in 2012

Growth of Lithuania’s GDP will accelerate in 2011 and 2012, prices will soar more rapidly, but unemployment will slump only slowly. Market participants predict that GDP will grow by 4.9 percent in 2011 and by 4.6 percent in 2012.

Lithuania President: Latvia has not given up Visaginas NPP project

Latvia will not withhold from participating in Visaginas nuclear power plant (NPP) project, the Lithuanian President Dalia Grybauskaite indicated at the press conference on July 12. However, she added that the intensity of Latvia’s participation is still not clear.

Lithuanian auto mafia blamed in luxury car thefts in Latvia

Expensive car thefts in Latvia are mainly organized by the Lithuanian auto mafia, while Lithuania has become a transit hub for stolen cars, recognized Ints Ķuzis, chief of the State Police Riga Region Department.

Over 40% of Lithuanians using social sites

41% of Lithuania’s residents are registered at one of the many social networking sites, according to the latest survey by the agency RAIT. The most popular social site is Facebook.

Latvia ready to participate in Visaginas nuclear power plant project

The Latvian and Lithuanian Prime Ministers met to discuss the Baltic energy independence, agreeing on the need to strengthen the Baltic States’ position in the EU, jointly defending countries’ interests, including the financial outlook.

Lithuanian profits in London at homeless people expense

Several Lithuanians are recruiting homeless people in Lithuania, taking them to London to beg and depriving them most of the collected money.

Ice cream speed-eating record broken in Vilnius

The world record for the ice cream speed-eating was broken on Saturday, June 4, during the ice cream festival at the Lithuanian capital of Vilnius.

Classical Swine Fever outbreak in Lithuania

Kaunas region in Lithuania reports outbreak of Classical Swine Fever (CSF), hitting a pig farm with 16 000 pigs. All measures necessary to limit and eliminate the disease are being carried out, including, restricting the stricken area.

Lithuanian politician: 50 km/h – not the 21st century speed

The Central and Eastern European economies are unable to attain their potential goals due to poor infrastructure, considers Egidijus Meilunas, the Lithuanian Foreign Affairs deputy minister, adding that 50 km/h is not a speed of the 21st century.

US offers Lithuania three times cheaper gas than Russia

The American company Cheniere Energy has concluded an agreement with Klaipedos nafta on the possibility of supplying liquefied gas at a lower price than the one offered by Russia's Gazprom, announced the Lithuanian Energy Minister Arvydas Sekmokas.

Fitch upgrades Lithuania’s ratings

Fitch Ratings agency has upgraded Lithuania’s outlook from stable to positive, affirming its long-term foreign currency rating is BBB and its long-term local currency rating - BBB+.

Lithuania’s annual GDP climbs 6.9%

The Lithuanian annual Gross Domestic Product surged 6.9%, indicating the crisis prevailing in Lithuania over the last three years is truly over.

Lithuanian economy grows 6.8% in first quarter

Annual seasonally and working-day adjusted data, Lithuanian economy has expanded 6.8% in the first quarter of 2011, compared to the same period a year ago, according to Lithuania statistics department.

Economist: Lithuanian economy gained the most among the Baltics over the decade

In terms of economic growth rates over the past decade, Lithuania was the biggest winner among the Baltic States, SEB Bank's macroeconomic expert Dainis Gašpuitis points out.

Financial analyst: don't expect steady growth in Lithuania

Lithuania can look forward to good growth this year with the gross domestic product expected to rise by 5.8 percent, but it won't all be smooth sailing over the next few years, financial analyst Rimantas Rudzkis warned.

Lithuania Economy Minister steps down

Lithuania Economy Minister Dainius Kreivys decided to resign after Chief Official Ethics Commission announced he was confusing public and private interests. The conflict of interest had already been ongoing for some time.

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