Lithuanian economy has reached a stage of development where moderate GDP growth cannot be taken for granted and certain, SEB's analysts say in their latest Lithuanian Macroeconomy Review.

The Food Safety and Inspection Service (FSIS) of the United States Department of Agriculture has officially proposed to ad Lithuania to the list of countries that are eligible to export meat and meat products to the United States. On 17 December the proposal was submitted for a public debate.

In November, the average electricity price in the Lithuanian trading zone of the Nord Pool Spot was 17.4 ct/kWh, a drop down by 6% compared to October 2014, and was the lowest since May this year.

The Finnish construction company YIT is going to construct a shopping centre Nordika in Vilnius.

In October 2014, the build-up of the current account balance (CAB) in surplus (LTL 292.7 million, or EUR 84.8 million) was driven by an increase in the balance of services deficit, as well as the decreasing, but still in surplus, balances of secondary income and capital account.

The aggregate profit of Lithuania's manufacturing industry has grown from LTL 1.9 billion (EUR 0.55 billion) in the third quarter of 2013 to LTL 2.3 billion (EUR 0.67 billion) in the third quarter of 2014.

According to Ernst & Young's (EY) annual ''Eurozone Economic Growth Forecast'', Lithuania will surpass Latvia in 2015 as the fastest growing eurozone economy, even though Latvia's economic growth is expected to grow faster than this year.

In November 2014, the external assets of the Bank of Lithuania decreased by LTL 571.2 million (EUR 165.4 million), while external liabilities increased by LTL 73 million (EUR 21.1 million), the central bank said.

The Bank of Lithuania on Thursday reduced the GDP growth forecast by 0.2 percentage point for the year 2015, however, since inflation is likely to remain low, the real income of residents and purchasing power will continue to grow.

Statistical data of the State Food and Veterinary Service (VMVT) shows that Lithuanian dairy product export totalled 17,044 tonnes in November 2014 and surpassed the volume of November 2013 by 5.6 times.