Banks, Financial Services, Foreign trade , Lithuania

International Internet Magazine. Baltic States news & analytics Thursday, 25.04.2024, 00:08

Lithuania's current account balance in July at EUR 25 mln

BC, Vilnius, 15.09.2014.Print version
In July 2014, the build-up of the Lithuanian current account balance (CAB) in surplus (LTL 86.3 million/EUR 25 million) was driven by the services and secondary income balances surpluses, which offset the foreign trade and primary income balances deficits, reports LETA/ELTA, referring to the Statistics Department of the Bank of Lithuania.

The positive financial account balance (LTL 697.8 million/EUR 202.1 million) was due to the positive flow of net portfolio and other investment and of the growing official reserve assets flow.

 

An LTL 86.3 million (EUR 25 million) CAB surplus, which built up in the country's balance of payments (BOP) in July 2014, was 87.6 percent smaller than in June (LTL 694.8 million). This narrowing was due to the growth in the trade balance deficit (LTL –475.4 million) and decrease in the surplus balance of secondary income (LTL 489 million).

 

According to preliminary estimates, in January-July 2014 the CAB surplus amounted to LTL 1.1 billion, (EUR 307.3 million), while in the same period in 2013 it stood at LTL 792.7 million (EUR 229.6 million), the Statistics Department of the Bank of Lithuania reports.





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