International Internet Magazine. Baltic States news & analytics
Friday, 27.03.2015, 19:17
Economic growth in the Baltics will continue despite the current geo-political factors, reports LETA, according to SEB banka economic analysts.
Keyword tags: Analytics, Baltic States – CIS, Economics, EU – Baltic States, Markets and Companies
On March 26th 2015, Lithuanian Prime Minister Algirdas Butkevicius met with one of the most famous Swedish investors Marcus Wallenberg to discuss investment environment in Lithuania. The PM also stressed the benefits of Swedish investments in Lithuania and discussed further cooperation, reports LETA/ELTA.
Prime Minister Laimdota Straujuma's advisor on national economy matters in Latvia Juris Bikis believes that it is possible to manage without the Russian market, but that this would not be right.
After evaluating Lithuania's economic situation and the impact of external factors on its economic growth tendencies, the Ministry of Finance has revised main macroeconomic projections for 2015-2017 and prepared projections for 2018, informs LETA/ELTA.
According to the recent data of Eurobarometer, 87% Lithuania's residents, which corresponds to Europe's average, believe that competition between companies encourages innovation and economic growth. Lithuania and Germany are equally likely to agree that competition encourages innovation and economic growth, informs LETA/ELTA.
The Bank of Lithuania forecasts that the domestic demand-driven Lithuanian economy will continue growing, albeit at a slower pace than previously expected. The worse outlook for the Russian economy, determined by persisting geopolitical tensions and falling oil prices, will have an essential influence on this change, the national bank said.
Regardless of the geopolitical tensions and difficulties in regard to exports, Latvia's economy this year will grow at a much faster rate than last year, according to the latest Ernst & Young's (EY) "Eurozone Economic Forecast", cites LETA.