Barcelona city tours is a perfect opportunity to have a perfect vacation outside the Baltic States. Gene Zolotarev on how to destabilize the EU financial system. Andris Berzins
Vladimir Linderman aka Abel Edmunds Sprudzs Valdis Zatlers Aivars Lembergs Girts Valdis Kristovskis Maris Grinblats Guntars Krasts Alfreds Rubiks Sandra Kalniete Raivis Dzintars Algirdas Butkevicius Algirdas Paleckis Dalia Grybauskaite Kazimira Danute Prunskene Vytautas Landsbergis Rolandas Aksas Viktor Uspaskich Valdemar Tomasevski Leonidas Donskis Arturas Zuokas Edgar Savisaar Andrus Ansip
The current website developed by YWSolution Limited

Lithuania’s key challenge in 2013 - curbing inflation

Dec 19, 2012

VILNIUS - The most important challenge for Lithuania in 2013 will be to curb the inflation, says Ernst & Young in their quarterly report for the European Union together with Oxford Economics.

It is predicted that the average inflation in Lithuania in late 2012 - early 2013 will exceed the Maastricht inflation criterion and will stand at 3.2 percent. A quicker fall of inflation in the future will be prevented by rising prices of power and an increase in the minimum monthly wage.

"Inflation will decline slackly, despite the new Government's promises of cutting VAT for staple foods, heating, passenger transportation and hotel services," the reports reads. According to the Ernst & Young experts, Lithuania's inflation next year will account for 2.8 percent.

Actions of the new Cabinet to stimulate the economy may delay the projected introduction of the euro in 2014 by at least a year. Lithuania is predicted to meet the criteria of joining the eurozone no sooner than in 2015.

 MORE NEWS
  • Estonia accuses Russia of medd...
    Estonia says Russia has pressured captured Estonian intelligence official Eston Ko...
  • Revealed: Stunning World War T...
    The British National Archives have revealed the identity of stunning Second World ...
  • Russian pop singer to turn to ...
    Russian pop singer Joseph Kobzon will turn to European courts after being blacklis...
  • Moscow laying the groundwork f...
    The Russian government is laying the groundwork for a Ukrainian scenario in the...
  • U.S. firm buys Estonian start ...
    An Estonian start up has been bought by the world's largest manufacturers o...
  • U.S. firm agrees major deal to...
    U.S. firm Ripplewood Holdings will take over Latvian owned bank Citadele, Latvi...
  • Riga Apartments for Rent

    Maximus
    © 2014 BALTIC NEWS LTD. All Rights Reserved.