Lithuanian economic stimulus plan kicks in

Jul 01, 2009
By Nathan Greenhalgh

VILNIUS - The Lithuanian government’s stimulus plan has begun pumping hundreds of billions of litas back into the country’s beleaguered economy. Approved in March, the 5.7 billion litas (1.65 billion euro) plan, derived from a mixture of European Union Structural Funds and private bank loans, provides micro-credit to small and medium-sized businesses and jobs for the country’s hard-hit construction sector. During the past month both Lithuanian banks and the subsidiaries of Western ban ...

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