Capital and growth shine where efficiency rules
Progress in FDI attraction comes even within the public sector, where Wroclaw, Vilnius, Tallinn set a benchmark for business-friendliness.
Progress in FDI attraction comes even within the public sector, where Wroclaw, Vilnius, Tallinn set a benchmark for business-friendliness.
Lithuania is optimizing the digital process to facilitate data collection, storage, analysis, aggregation, and reporting to the financial actors.
In December, the surplus on the CAB increased thanks to a drop in the foreign trade deficit and a rise in the surplus balance of services.
The Bank of Lithuania published a comparison of interest rates on loans of Lithuanian and euro area credit institutions and term deposits.
With over 7,000 specialists and more than 260 companies, Lithuania represents Europe’s largest Fintech hub, now aiming at 35 million clients.
Last November the surplus on the CAB decreased by 34.3%, where the trade balance suffers alongside exports (services -3.2%).
NATO is strengthening its presence on the eastern border with an additional German brigade of about 4,800 soldiers in Lithuania.
Reliable infrastructure and flexible IT talent make Lithuania fly: 61% of GBS and ICT centres expand existing functions over 2023.
Thanks to the combination of fiscal and monetary intervention, the structural problems on the supply side will only be exacerbated by monetary tightening.
Vilnius’ economy is predicted to slightly contract this year (-1.4%) before bouncing back (+2.9%) – as long as the focus is on innovation and productivity.