During the 14th century the Grand Duchy of Lithuania was the largest country in Europe, made up of present-day Lithuania, Belarus, Ukraine, and parts of Poland and Russia. Lithuania is the southernmost Baltic country and the most populous too. Inflation is now under control, employment is improving and public debt is low. The country’s central bank governor also answered questions about monetary policy, and we travelled to neighbouring Poland to look at the differences in attitudes towards the monetary union.Īfter some serious economic pain, Lithuania’s economy has been growing since 2011 and GDP is forecast to expand even further. The Real Economy team has been to Lithuania, to analyse the economic consequences for the last Baltic country to join the euro in January 2015.Įuronews spoke to the Lithuanian Prime Minister about opportunities lost in the past and gained now with the euro.
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