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Topic: Economy of Lithuania


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In the News (Sat 19 Dec 09)

  
 Lithuania - MSN Encarta
Vilnius, the capital and largest city of Lithuania, is located in the southeastern portion of the country near the border with Belarus.
Lithuania was once a much larger country—it also included the area that is now Belarus and much of Ukraine.
Lithuania is a land of fertile, low-lying plains in the western and central regions and rolling hills in the eastern portion of the country.
encarta.msn.com /encyclopedia_761555831/Lithuania.html   (589 words)

  
 Lithuania ECONOMY   (Site not responding. Last check: 2007-10-16)
Until 1940, Lithuania's economy was primarily agricultural, mainly in the form of dairy farms and livestock raising.
The economy registered real growth until 1999—4.7% in 1996, 7.3% in 1997 and 5.1% in 1998—; but then was overtaken by the effects of the August 1998 financial crisis in Russia, still one of Lithuania's largest trading partners.
Lithuania acceded to the WTO 31 May 2001 and expects to admitted to the EU in 2004.
www.nationsencyclopedia.com /Europe/Lithuania-ECONOMY.html   (402 words)

  
 Science Fair Projects - Economy of Lithuania
Lithuania, the Baltic state that has conducted the most trade with Russia, faced its own economic and financial crisis in 1999 as a result of the government's wrongfooted economic policies and its inadequate response to the August 1998 Russian financial crisis.
Lithuania was invited at the Helsinki EU summit in December 1999 to begin EU accession talks in early 2000.
The economy of independent Lithuania had a slow start, as the process of privatization and the development of new companies slowly moved the country from a command economy toward the free market.
www.all-science-fair-projects.com /science_fair_projects_encyclopedia/Economy_of_Lithuania   (1487 words)

  
 Economy - Lithuania - Europe
Lithuania had a primarily agricultural economy before the USSR annexed the country in 1940.
Lithuania’s GDP in 2000 was $11.3 billion, the largest of the Baltic states.
Lithuania is a member of the International Monetary Fund (IMF), the International Bank for Reconstruction and Development (World Bank), and the European Bank for Reconstruction and Development (EBRD).
www.countriesquest.com /europe/lithuania/economy.htm   (808 words)

  
 The Effect of Soviet Rule on Lithuania
Lithuania was annexed by the Soviet Union in 1940 and remained under Soviet rule for nearly half a century.
One of the main sectors in the Lithuanian economy is agriculture.
Lithuania in 1940 there were many economic changes and reforms which greatly changed the agricultural sector.
www.bu.edu /econ/faculty/kyn/newweb/economic_systems/Economics/Economic_History/FSU/lithuania_soviet.htm   (1510 words)

  
 Lithuania
Lithuania has one of the fastest growing economies in Europe, with GDP growth of 9.7 percent in 2003, 7 percent in 2004, and 6.9 in the first three quarters of 2005.
Lithuania is a party to the Convention on the Settlement of Investment Disputes between States and Nationals of Other States (Washington Convention) and is a member of the International Center for the Settlement of Investment Disputes.
Lithuania is a signatory of the UN Convention Against Corruption and the OECD Convention on Combating Bribery of Foreign Public Officials.
www.state.gov /e/eb/ifd/2006/62009.htm   (4863 words)

  
 Economy of Lithuania
Urbanization increased from 39% in 1959 to 68% in 1989.
The year 2001 was a good one for the Lithuanian economy.
The re-peg, which went on smoothly, reflects a change in trade orientation and is to help Lithuania prepare for the European Monetary Union.
www.fastload.org /ec/Economy_of_Lithuania.html   (1373 words)

  
 Lithuania - Economic Reforms
Lithuania sought to regulate privatization of agriculture and to liquidate collective farms.
Lithuania has been reluctant to reduce its high tax burden for fear of fiscal instability, but high taxes have led to an environment that encourages underreporting and corruption, stimulating the underground economy.
Lithuania's 1994 reform program included a review of the bank licensing system, privatization of the three state banks (Savings Bank, Agricultural Bank, and State Commercial Bank), a review of capital requirements to ensure compliance with international standards, and the introduction of new plans for accounts at the Bank of Lithuania and for commercial banks.
countrystudies.us /lithuania/15.htm   (1290 words)

  
 Lithuania Structure of the Economy
According to President Algirdas Brazauskas, who for many years had managed Lithuania's industries as the communist party's secretary for industry, Lithuania had a leading position as a maker of electronics for military and civilian use, and it had been a major supplier of specialized military and industrial technology to the Soviet Union.
Lithuania has large processing facilities for oil, which can be exported to the West through Ventspils (Latvia) or the new Lithuanian transport and storage facility at Butinge.
Lithuania may develop an important tourism industry if investments are made in its infrastructure to bring facilities up to Western standards.
www.country-studies.com /lithuania/structure-of-the-economy.html   (1040 words)

  
 Lithuania - Uncyclopedia
Lithuania is located near Stoneya, Landia and sometimes Churkey and Brazauskia The people of Lithuania are currently enjoying the benefits of the European Union -- in other words, being able to relocate to Great Britain, Ireland, Spain and other EU countries like Uzbekistan.
Lithuania is innocent (except for its female population.
Lithuania borders the following countries: Latvia to the North, Atlantis to the West, Russia Proper (P-Russia) to the South-West, Poland to the South, China to the East, China to the South-East and China to the North-East and El Cajon to the Mid-South.
uncyclopedia.org /wiki/Lithuania   (3526 words)

  
 The Political Economy of Lithuania - Albert Cizauskas
In the collapsing economy of the Soviet Union, Lithuania has been one of the few islands of relative plenty, a land flowing with milk and vodka, and much else besides, commodities much in demand in the Soviet Union, which, when smuggled, commanded a price several times their value in Lithuania itself.
Gorbachev's refusal to recognize Lithuania's political-economic sovereignty led to costly economic blockade and the explosion of violence on Bloody Sunday in January 1991.
Lithuania is said to possess a large network of railroads which handle 90 percent of its freight, and a highway system for short hauls.
www.lituanus.org /1992_1/92_1_06.htm   (4281 words)

  
 Lithuania Economy, Lithuania People
He is probably Lithuania's most famous name in the field of painting.
The folk music of Lithuania is primarily based on polyphonic music that is played on flutes, zithers (kankles) and other instruments.
ECONOMY OF LITHUANIA : Lithuania is a member of the World Trade Organization and also of the European Union.
www.mapsofworld.com /country-profile/lithuania-economy-people-culture-flag.html   (417 words)

  
 globalEDGE (TM) | country insights - Economy of Lithuania   (Site not responding. Last check: 2007-10-16)
Inflation was moderate, GDP growth was strong, and the government’s budget deficit stood at 1.2% of GDP in 2005.
Lithuania pegged its national currency, the litas, to the euro on February 2, 2002 at the rate of LTL 3.4528 for EUR 1.
More than 70% of the economy’s output is generated by the private sector.
globaledge.msu.edu /ibrd/CountryEconomy.asp?CountryID=61&RegionID=2   (713 words)

  
 Lithuania Economy
Currently, 78% of the economy’s output is generated by private sector.
Recently, the Government of Lithuania completed banking sector privatization, with 89% of this sector controlled by foreign capital, mainly by Scandinavian capital.
The repeg, which went on smoothly, reflects a change in trade orientation and is to help Lithuania prepare for European Monetary Union.
www.traveldocs.com /lt/economy.htm   (855 words)

  
 Lithuania Economy   (Site not responding. Last check: 2007-10-16)
In the early and mid-1990s, Lithuania's economy went through a dynamic transition from the centralized economy prevalent during Soviet control of Lithuania to a market-driven economy dominated by private enterprise and oriented toward trade with Western Europe and North America.
During this period, the economy declined precipitously while the Lithuanian government implemented fundamental economic reforms, including price reform, privatization, government reform, introduction of the litas (pl., litai) as the national currency (for value of the litas--see Glossary), and trade adjustment.
The IMF noted that substantial progress had been achieved in Lithuania between 1992 and 1994 and that, after successfully reducing inflation, the country was ready to turn its attention to reforming its tax, privatization, social security, and finance policies.
www.country-studies.com /lithuania/economy.html   (258 words)

  
 Lithuania : Economy
The economy appeared to have bottomed out in 1994, and Vilnius's policies have laid the groundwork for vigorous recovery over the next few years.
Lithuania has benefited from its disciplined approach to market reform and its adherence to strict fiscal and monetary policies imposed by the IMF, measures that have helped constrain the growth of the money supply, reduce inflation to 5.1%, and support GDP growth of 6% in 1997 and 4.5% in 1998.
Lithuania has conducted the most trade with Russia, faced its own economic and financial crisis in 1999 as a result of the government's wrongfooted economic policies and its inadequate response to the August 1998 Russian financial crisis.
www2.omnitel.net /ramunas/Lietuva/lt_economy.shtml   (1025 words)

  
 Lithuanian Economy in Transition - Thomas Grennes
As of the middle of 1993 Lithuania faced a similar economic choice as its economy was poised somewhere between communism and capitalism.
By the middle of 1993, Lithuania had been independent for two years and the economy was in transition, but many symbols of the Soviet period remain visible.
Lithuania became the first of the former republic to experience a complete withdrawal of Russian troops (August 31, 1993), and ethnic problems are smaller than in the other Baltic States.
www.lituanus.org /1994_2/94_2_03.htm   (7402 words)

  
 Top20Lithuania.com - Your Top20 Guide to Lithuania!
Lithuania was the first Soviet republic to do so, though Soviet forces unsuccessfully tried until August 1991 to suppress this secession, including an incident at Vilnius' TV Tower in January 1991 that resulted in the death of several Lithuanian civilians.
Lithuania's major warm-water port of Klaipėda lies at the narrow mouth of Kuršių marios (Curonian Lagoon), a shallow lagoon extending south to Kaliningrad.
Prior to 1998, Lithuania was the Baltic state that conducted the most trade with Russia; however, the 1998 Russian financial crisis forced the country to orient toward the West.
www.top20lithuania.com   (1935 words)

  
 Economy Of Lithuania   (Site not responding. Last check: 2007-10-16)
If you would like to use this flag of Lithuania or any other on your website you are welcome to do so, all we ask is that you include a link back to our site on the same page.
If you would like to use this map of Lithuania or any other on your website you are welcome to do so, all we ask is that you include a link back to our site on the same page.
If you would like to use this information for Lithuania or any other on your website you are welcome to do so, all we ask is that you include a link back to our site on the same page.
www.appliedlanguage.com /country_guides/lithuania_country_economy.shtml   (454 words)

  
 NCSJ - Lithuania page
Lithuania’s closest ties are to its Baltic neighbors, Russia, and the EU.
Lithuania’s foreign policy is focused on integration with the West and close cooperation with Latvia and Estonia.
Lithuania has sought to come to terms with its role in the Holocaust, and has on a number of occasions stated a commitment to commemorating the Holocaust, combating anti-Semitism, and bringing Nazi-era war criminals to justice.
www.ncsj.org /Lithuania.shtml   (2909 words)

  
 Lithuania: Economy and Government — FactMonster.com
In the 1990s, Lithuania benefited from its adherence to strict fiscal and monetary policies, as it followed a program of privatization and increased foreign investment.
Lithuania has a 141-member unicameral parliament (the Seimas), whose members are elected to four-year terms.
Under a constitution adopted in 1992, the president, who is the head of state, is elected by popular vote for a five-year term and, with parliamentary approval, appoints a prime minister.
www.factmonster.com /ce6/world/A0859311.html   (173 words)

  
 Lithuania - the latest news
VILNIUS - Lithuania’s Office of Equal Opportunities ombudsman urged the country’s Education Ministry to remove from schools a textbook that discriminates against single women.
VILNIUS - Lithuania will support the territorial integrity of Georgia and is ready to share its experience to assist the Caucasus republic on its way towards the European Union and NATO, Prime Minister Gediminas Kirkilas said during his three-day visit to Georgia.
VILNIUS - Viktor Uspaskich, Lithuania’s former economy minister who is wanted by police on suspicions of financial impropriety, has registered as a Labor Party candidate in the Feb. 25 municipal elections.
www.baltictimes.com /news_lithuania   (356 words)

  
 GeographyIQ - World Atlas - Europe - Lithuania - Economy
The growth in Lithuania was mainly driven by private consumption and exports.
Foreign direct investment in Lithuania reached $3.9 billion at the end of 2002, which represented an increase of 24% compared to the previous year.
As of the end of 2002, the United States was the fifth-largest investor (8.7%) in Lithuania, behind Denmark, Sweden, Estonia, and Germany.
www.geographyiq.com /countries/lh/Lithuania_economy_summary.htm   (915 words)

  
 Economy - Lithuania - (Legal500.com)
Lithuania, a country whose name was until recently only vaguely familiar to the world, has been nicknamed 'The Baltic Tiger' due its strong economic development.
Lithuania boasts modern infrastructure, an upgraded road network and the only ice-free seaport in the Baltic States.
Banking is amongst the strongest sectors of the economy and is a major investment attraction owing to investor-friendly lending rates and government policies providing reduced tax burdens within the EU.
www.icclaw.com /lfe/edit/lh5.htm   (394 words)

  
 NationMaster - Lithuanian Economy statistics
Lithuania, the Baltic state that has conducted the most trade with Russia, has slowly rebounded from the 1998 Russian financial crisis.
Lithuania has gained membership in the World Trade Organization and has moved ahead with plans to join the EU.
Foreign government and business support have helped in the transition from the old command economy to a market economy.
www.nationmaster.com /country/lh-lithuania/eco-economy   (203 words)

  
 Economy Of Lithuania, Lithuania Economy, Lithuania Economy Overview, Statistics on Lithuania Economy, Lithuania ...
Economy Of Lithuania, Lithuania Economy, Lithuania Economy Overview, Statistics on Lithuania Economy, Lithuania Economic Profile, Lithuania In The World Economy
Lithuania is an upper middle-income country comes under the Europe and Central Asia,
Adoption of free market economic norms in the country over the years has given birth better economic results in the recent years.
www.economywatch.com /world_economy/lithuania/index.html   (127 words)

  
 CIA - The World Factbook -- Lithuania
Independent between the two World Wars, Lithuania was annexed by the USSR in 1940.
On 11 March 1990, Lithuania became the first of the Soviet republics to declare its independence, but Moscow did not recognize this proclamation until September of 1991 (following the abortive coup in Moscow).
Lithuania subsequently restructured its economy for integration into Western European institutions; it joined both NATO and the EU in the spring of 2004.
www.umsl.edu /services/govdocs/wofact2005/geos/lh.html   (988 words)

  
 Metla Publications MT704 The role of forestry in the economy of Lithuania   (Site not responding. Last check: 2007-10-16)
The role of forestry in the economy of Lithuania.
Changes in the economic, social and political development of the country, the value orientation of the government expressed by the forest policy, the availability of resources, and the demand - supply situation in markets, all greatly affect the social sustainability of forestry and development of multiple-use management of forest resources to the favour of society.
The important changes of the social environment and ownership structure in the forest sector of Lithuania are also discussed.
www.metla.fi /julkaisut/mt/704/absgai.htm   (181 words)

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