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Lithuanian economy to grow in 2010

Sep 25, 2009
TBT Staff

Lithuania is now seeing the worst recession in the EU
VILNIUS- The Lithuanian economy may see growth in 2010, said Governor Reinoldijus Sarkinas of the Central Bank.

 "Under positive external conditions, a recovery, even if at very low growth rates, may begin next year," Sarkinas told Bloomberg news in an interview.

 As announced earlier this week, Lithuanian Prime Minster Andrius Kubilius said that he expected the economy to contract 4.3 percent while going through the necessary measures to ensure euro adoption.

 Governor Sarkinas pointed out that, despite Latvia staying afloat with a 7.5 billion euro bailout, Lithuania and Estonia should not be lumped together with Latvia in one BalticState.

 "The Baltic region is three separate countries with different situations, and one shouldn't put an 'equals' mark," Sarkinas said.

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