
Lithuania: CAB down, but exports and reinvestments keep up
Lithuanian export of goods rose more rapidly than imports. The largest share of FDI was attracted by companies in financial and insurance activities.
Lithuanian export of goods rose more rapidly than imports. The largest share of FDI was attracted by companies in financial and insurance activities.
NBP action lags behind other CEE central banks, while authorities pretend the elevated CPI to be a result of external supply shocks.
GDP growth projections for 2021-22 have been revised downwards, hit by shortages of materials, equipment, labour and rising energy costs.
Last October the CAB surplus went up to €349.0 million. The primary income balance turned to surplus due to agricultural subsidies from the EU.
Vilnius defended its right to expand cooperation with Taiwan, with huge potential for cooperation in semiconductors, lasers, and fintech.
Polish construction output is forecast to level off in 2021, and to rebound by more than 7% in 2022. Profit margins will deteriorate and fail to increase further.
The Polish economy continues to grow, driven by two engines: industry and services. Next year, demand and wage pressure will be the key drivers of inflation.
Vilnius has achieved considerable results in energy supply from renewables, recycling and composting. However, emissions have increased by 50% since 2005.
The current account surplus of €168.5 million replaced the deficit recorded in July. The CAB surplus is the result of a surplus in the balance of services.
The offshore wind farm is a joint Estonia-Latvia project with a total capacity of 700-1000 MW, and will provide over 3 TWh of renewable energy per year.