Economy

Economy

According to the data of the Ministry of Finance Lithuania's general government deficit in 2012 was 2.3 percentage points lower than a year ago and amounted to 3.2% of GDP.

'When talking about the entrepreneurship in regions, regional entrepreneurial disparities have to be taken into account. Therefore, careful examining of local economic capacities and regional factors is very important. A co-ordinated system of policies, covering regulatory environment, education, access to finance and innovation policy, would be needed to sustain and implement such a systemic approach', - said Minister of Economy of Lithuania Birutė Vėsaitė on 3 May in the informal meeting of the EU Industry Ministers in Dublin.

Monday, April 29, Vilnius - President Dalia Grybauskaitė participated in the roundtable discussion on business integrity and its importance for the economy of Lithuania and the region, hosted by the Organization for Economic Co-operation and Development (OECD).

Monday, April 22, Vilnius - President Dalia Grybauskaitė met with the newly appointed President of the European Economic and Social Committee (EESC), Henri Malosse. The meeting focused on cooperation between Lithuania and this Committee during the upcoming Lithuanian presidency of the EU Council as well as key priorities of the presidency, highlighting the issues of ensuring the EU's energy security and the involvement of citizens in energy matters.

Parliament should be fully involved with deliberations concerning the monitoring of member states' economic performance, MEPs said in a debate on 18 April. They hit out at the European Commission for not consulting the Parliament properly when it modified in late 2012 the diagnostic tool it uses. MEPs stressed the analysis of macroeconomic imbalances is important as it feeds into policy decisions affecting people's lives.

An interesting fact has emerged, that Lithuanian banks nowadays have more internet and mobile bank accounts than there are inhabitants in Lithuania.

Monday, April 8, Oslo - During the bilateral meeting, President Dalia Grybauskaitė and Norway's Prime Minister Jens Stoltenberg discussed the perspectives of economic and energy cooperation between Lithuania and Norway, the importance of Nordic-Baltic cooperation, the topical issues of the NATO agenda, and the priorities of the Lithuanian presidency of the EU Council.

New handling record has been registered in the Klaipėda State Port - the handling has amounted to 3,71 million tones in March 2013. This is 24,4 percent or 726,9 thousand tones more than in the same period in 2012.

Luxembourg would consider greater transparency of its banking sector to help curb tax evasion, the finance minister has told a German newspaper.

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