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- Lithuania considers call for IMF help
Vilnius - Lithuania could be the next eastern European country to seek financial aid from the International Monetary Fund (IMF), after incoming prime minister Andrius Kubilius admitted for the first time Tuesday that it was a possibility. A worsening
- Lithuania not ruling out aid as last resort -new finmin
VILNIUS, Dec 2 (Reuters) - The incoming finance minister of Lithuania said on Tuesday he did not rule out having to seek international financial assistance, like neighbour Latvia, but added this would be a last resort. Latvia has estimated that it will
- Ukrainian export of freight wagons
increased It is reported that 21,774 wagons, costing USD 1.583 billion, were sold abroad by the Ukrainian producers. 19,741 went to Russia and 1,178 to Kazakhstan. As per report only 611 wagons were sold to the EU countries. Lithuania bought 290,
- Warships to Lithuania
Thales UK?s naval business has been named prime contractor in a warship reactivation programme following an agreement between the UK Ministry of Defence (MoD) and the Lithuanian government. The MoD and the Lithuanian Ministry of National Defence have
- Lithuania to cut private pension contributions
LITHUANIA - An economic crisis plan approved by Lithuanias incoming government includes a proposal to reduce contributions to the second pillar pension system. The four-party conservative-led coalition is facing a 2009 budget deficit of 4% of GDP and the
- Lithuania Jan-Oct govt budget gap jumps to 1.4 pct/GDP
VILNIUS, Nov 28 (Reuters) - Lithuania's central government deficit for the first 10 months of 2008 surged to 1.4 percent of projected gross domestic product (GDP) from 0.8 percent over 9 months, the Finance Ministry said on Friday. In October alone, the
- Kubilius confirmed as new Lithuanian prime minister
Vilnius - Lithuania's President Valdas Adamkus confirmed Friday that Andrius Kubilius, leader of the the Homeland Union - Christian Democrats political party, will be the next prime minister of the Baltic country. Kubilius' candidature had been backed by
- TABLE-Lithuania Oct retail sales fall 5.2 pct yr/yr
Nov 28 (Reuters) - Lithuania's statistics office on Friday released the following retail sales data for October. LITHUANIA RETAIL SALES Oct '08 Sept '08 Oct '07 Pct change mo/mo +0.3 +1.8 +8.1 Pct change yr/yr -5.2 +2.0 +14.7 (Reporting by Nerijus
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Independent between the two World Wars, Lithuania was annexed by the USSR in 1940. In March of 1990, Lithuania became the first of the Soviet republics to declare its independence, but this proclamation was not generally recognized until September of 1991 (following the abortive coup in Moscow). The last Russian troops withdrew in 1993. Lithuania subsequently has restructured its economy for eventual integration into Western European institutions.
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