International Internet Magazine. Baltic States news & analytics
Monday, 27.04.2015, 10:07
The structure of Lithuania's economy has clearly changed in the long run. In the last 20 years, the share of the agriculture sector in Lithuania's GDP fell threefold, from 11-12% in 1995-1996 to 3.4% in 2014. The share of the industrial sector (including extraction and energy industry) in GDP has not decreased and accounted for 23-24%, writes LETA/ELTA.
Keyword tags: Analytics, Baltic Export, Economics, Lithuania, Markets and Companies
Chancellor of the Lithuanian Government Alminas Maciulis met in France with Angel Gurria, Secretary General of the Organisation for Economic Co-operation and Development (OECD). The meeting addressed the OECD Council's invitation to Lithuania to begin OECD accession process, reports LETA/ELTA.
Despite the Ukraine conflict, German companies continue to believe in the good prospects of the three Baltic markets. Nine out of ten German investors participating in the recent survey of the AHK Baltic States would re-invest in the region, reports BC Invest Lietuva.
Incomes and savings of Estonian households increased faster in 2014 than their debt liabilities did, Estonian central bank Eesti Pank said in its fresh financial account statistics, informs LETA.
Lithuanian President Dalia Grybauskaite held a meeting with President Nicolae Timofti of Moldova. In the run-up to the Eastern Partnership summit in Riga, the Presidents of Lithuania and Moldova discussed Moldova's progress in implementing important European reforms and the strengthening of bilateral economic and political relations, reported BC Lithuania's presidential press service.
Despite the Ukraine conflict, German companies continue to believe in the good prospects of the three Baltic markets. Nine out of ten German investors participating in the recent survey of the AHK Baltic States would re-invest in the region, reports BC Annika Bostelmann.
Swedbank has increased its average inflation forecast for Latvia in 2015 to 0.8%. Swedbank's economic growth forecast for Latvia remains unchanged - economy to grow 1.9% in 2015. The economic growth projections for the other Baltic countries are similar to that for Latvia – 2.1% in Estonia and 2.3% in Lithuania, reports LETA.