How fiscal proactivity fired Lithuania back to pre-Covid world
Lithuania’s fiscal response to the crisis has been timely and adequate: GDP contracted by only 0.8%, while real growth has reached 4.8% this year.
Lithuania’s fiscal response to the crisis has been timely and adequate: GDP contracted by only 0.8%, while real growth has reached 4.8% this year.
According to the government in Vilnius, Belarus is “arming” illegal immigration from Iraq and Syria to be sent across the border to Lithuania.
Bioenergy is playing a key role in Vilnius’ energy supply: about 75% of the heat is produced by burning woody biomass collected on the national territory.
While the restrictions were similar to EU partners, the economic damage was much less: great opportunities from infrastructure, logistics and high-tech.
There are no adequate financial instruments in Lithuania or they are not flexible enough: Vilnius must seek finance sustainable areas more quickly.
Private consumption will remain strong thanks to rising incomes, pension indexation, higher minimum wages and a vibrant labour market.
A little bit of history: shock therapy impact and perspective.
Introduction. Reason, attraction & goal: what to look for, and why?