April 2005
Emerging Europe Monitor: Central Europe & Baltic States;Apr2005, Vol. 12 Issue 4, p12
Country Report
Country Report
The article provides information about economic, political and business development news related to Lithuania. Lithuanian President Valdas Adamkus has joined Estonia's President in declining President Vladimir Putin's invitation to travel to Moscow in May for celebrations to mark the anniversary of the defeat of Nazi Germany. The first update of Lithuania's euro convergence programme has received a less than flattering review from the European Commission. The general government budget deficit is targeted at 2.5% of Gross Domestic Product in 2005 and 1.8% in 2006. It reports that the net profits of oil refiner Mazeikiu Nafta, Lithuania's largest exporter and taxpayer, trebled in 2004.


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