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Lithuania: Finance Ministry cuts GDP forecast for 2023, 2024

Via BalticaJuly 1, 2023January 13, 202401 mins

Lithuania’s Finance Ministry has revised its GDP forecast for 2023, now projecting a contraction of 1%, Baltic News Network reports. In March 2023, the ministry predicted a GDP growth of 0.5% for 2023. As per the ministry’s updated forecast, the economy will expand by 2.5% in 2024, while the previous forecast had projected a 3%…

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Lithuania: Finance Ministry seeks EUR 1.8bn loan from EU

Via BalticaJuly 1, 2023January 13, 202401 mins

Lithuania has submitted a request to the European Commission, seeking a loan of over EUR 1.8bn from the EU’s Recovery and Resilience Facility (RRF) for investments, Baltic News Network reports. Finance Minister Gintare Skaiste said that around EUR 1bn would be allocated for loans to businesses and industry, while an additional EUR 700mn would be…

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