November 2005
Emerging Europe Monitor: Central Europe & Baltic States;Nov2005, Vol. 12 Issue 11, p12
Country Report
Country Report
The article focuses on the political, economic and business risks of Lithuania. The government is to ask parliament for approval for a LTL3 billion loan to purchase shares in the Mazeikiu Nafta oil refinery from the Netherlands-based subsidiary of the embattled Russian oil company Yukos Oil Corp. The Ministry of Finance unveiled its latest set of macroeconomic forecasts in late September. The numbers are realistic. Real GDP is projected to decelerate to 6% in 2006 from an expected 7% this year owing to the stabilization of growth in consumption and gross capital formation. With 12-month average inflation of just 2.7% in August, Lithuania is alongside Slovenia as the frontrunner for early euro adoption.


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