Oil Trouble

June 2007
Emerging Europe Monitor: Central Europe & Baltic States;Jun2007, Vol. 14 Issue 6, p12
Country Report
Country Report
The article presents an economic forecast for Lithuania. The decrease in the production capacity of Mazeikiu Nafta, the largest oil refinery in the Baltic states, is expected to hamper economic growth and affect the country's fiscal condition, being the country's largest taxpayer. The company's pipeline was shut down for repair, and its distillation unit was destroyed by fire. Outlooks on foreign debt, gross domestic product, inflation and foreign exchange are also discussed.


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