International Internet Magazine. Baltic States news & analytics
Friday, 19.12.2014, 14:10
With the country's economy growing slower than expected, most business start-ups in Lithuania are taking the advantage of the situation in the domestic market. While the country's largest companies are estimating the consequences of Russia's embargo, our business start-ups are planning to further increase their sales volumes within the coming six months and recruit new employees to satisfy the growing demand, the bank DNB said in a statement, cites LETA/ELTA.
Keyword tags: Baltic States – CIS, Economics, Lithuania, Markets and Companies, Technology
Lithuanian economy has reached a stage of development where moderate GDP growth cannot be taken for granted and certain, SEB's analysts say in their latest Lithuanian Macroeconomy Review, reports LETA/ELTA.
Lithuanian President Dalia Grybauskaite is attending a European Council meeting. The focus of the meeting is on the economic situation in the European Union and measures to foster economic growth and investments, reported BC the presidential press service.
Russian President Vladimir Putin said on Thursday he was confident in the country's current economic situation as he had the "insurance policy" represented by the state's right macroeconomic course of action and reserve funds for the fulfilment of social obligations, reports LETA/ELTA, referring to TASS.
Economic growth of 2.9% of GDP in Lithuania should be the highest among the Baltic States in 2014. However, in 2015 it is likely to decrease to 2.7%, while Estonia's will be 2.3% and Latvia's 2.9%, forecasts Danske Bank, cites LETA/ELTA.
According to the flash estimates of Statistics Estonia, Harju county accounted for 61.3% of the gross domestic product (GDP) of Estonia in 2013.
Lithuanian Minister of Foreign Affairs Linas Linkevicius says the crash of the Russian rouble against the US Dollar to record lows should not be gloated over. According to the foreign minister, the financial crisis in Russia is a good moment for the country to change the course of its policy, reports LETA/ELTA.