Trust hangs on credibility, with growth stability at risk
A GDP contraction of –0.3% is predicted for this year in Lithuania, with +2.7% growth in 2024. Inflation to decrease more slowly than expected.
A GDP contraction of –0.3% is predicted for this year in Lithuania, with +2.7% growth in 2024. Inflation to decrease more slowly than expected.
Lithuania has experienced a renaissance during the pandemic in the robotics, automation, and AI sectors. Now planning to start developing RaaS.
Lithuania is the EU’s largest fintech hub by licenses issued with an 80% increase in the income generated and 19% more employees last year.
Lithuania is one of Europe’s most digitized countries, easing economic crosscurrents through targeted stimulus, FDI, and global partnerships.
Life sciences make up 2.5 percent of Vilnius’ GDP creation, looking to figure hit 5 percent by 2030. The sector sees year-on-year growth of 22 percent.
Lithuania’s economy keeps growing (1.3% in 2023). But the stabilization is fragile, and the balance of risks is negative. The global outlook is worsening.
iTechArt Group and Sapiens are the latest addition to the strong Fintech presence in a country that is the perfect fit for a technological delivery centre.
Individualism is the strongest cultural predictor of economic innovation. And Lithuania is a regional hub thanks to its progressive mindset.
Lithuania is the home to a few of the EU’s largest neo-banks and crypto platforms with one of the highest densities of start-ups per capita.
In 2021 the USA was the main investor in the country. Last September, the deficit on the current account balance slightly narrowed.