Development of Lithuania economy and tendencies of post-crisis period Cover Image

Развитие экономики Литвы и тенденции посткризисного периода
Development of Lithuania economy and tendencies of post-crisis period

Author(s): Sulus Stanaytis, Regina Subotkevichene
Subject(s): National Economy, Regional Geography, Economic development, EU-Accession / EU-DEvelopment, Socio-Economic Research
Published by: Переяслав-Хмельницький державний педагогічний університет імені Григорія Сковороди
Keywords: Lithuanian economy; European Union; production; trade; external economic activities; social and economic indicators

Summary/Abstract: The aim of the article is review of general economic situation in Lithuania and generalization of economic tendencies ofdevelopment. Structure of Lithuanian economy began to sufficiently change in 2001. From this year the agrarian sector began to loseits positions to the technological sector. Within the last five years the industry of Lithuania is the main leading force of economicgrowth of the country. Though Lithuania suffered from crisis the growth on 5.9% was one of the most impetuous in the EU. Exportwas the main engine of economic growth that is why problems of European and world economies influence the perspectives ofLithuania growth. In the short–term period perspectives of Lithuania economy will depend on the results of EU solving the problemsconnected with the influence of debt crisis. Lithuanian Development Agency considers that the following branches, such as transportand logistics, energy, external services, information and communication technologies, laser and biotechnologies, metal processing,food production and wood processing, are the most attractive for investors. There is the potential for successful businessdevelopment in the spheres of tourism and real estate. Lithuania attracts perspective investors by the favorable tax system, whichpresupposes different preferences on separate territories. Lithuania set very ambitious aim to become technological and innovativecenter in the Baltic States and the Northern Europe by creating technological parks and business incubators. Lithuania is the worldleader on producing highly energetic micro–second lasers and speedy parametric light generators.

  • Issue Year: 1/2013
  • Issue No: 21
  • Page Range: 135-140
  • Page Count: 6
  • Language: Russian