The European Council urged all member states next year to focus on five elements for encouraging economic growth: responsible financial policy, providing business with more favorable borrowing conditions, promoting competitiveness, effective resolution of unemployment problems, and upgrading of public administration, reports ELTA.“Lithuania’s economy is recovering, yet the effects of the financial crisis and economic stagnation within the Community as well as financial difficulties in the eurozone will impede a more rapid economic growth. Therefore Lithuania, like the wh...
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