Economic Overview in Lithuania

The economy of Lithuania is the largest economy among the three Baltic states. Lithuania is a member of the European Union and its GDP per capita is the highest in the Baltic states. Lithu­ania belongs to the group of very high human development countries and is a member of WTO and OECD. Lithuania was...

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Lithuania courts idea of establishing a state commercial bank

The idea of a state commercial bank is not new in Lithuania, but it resurfaced in late October, when the Lithuanian parliament’s Committee on Budget and Finance, which was investigating the circumstances surrounding the 2009 financial crisis, proposed to the government to consider a possibility to establish a commercial state bank. (more…)

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