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Lithuanian economy to grow in 2010

  • 2009-09-25
  • TBT Staff

Lithuania is now seeing the worst recession in the EU

VILNIUS- The Lithuanian economy may see growth in 2010, saidGovernor Reinoldijus Sarkinas of the Central Bank.

 "Under positive external conditions, a recovery, even if atvery low growth rates, may begin next year," Sarkinas told Bloomberg news in aninterview.

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

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

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