News

2015.09.08 13:45

Lithuania’s PM sees no signs of economic deterioration due to Russia so far

(BNS) Lithuania’s Prime Minister cannot tell how tensions in relations with Russia may affect Lithuania’s economy.

(BNS) Lithuania’s Prime Minister cannot tell how tensions in relations with Russia may affect Lithuania’s economy.

“In fact, I couldn’t tell today how it could affect our economy. There are various estimations made, various simulations. I can only assure that, with the first quarter approaching its end, our economy is not yet sending the signals of deterioration in economic situation in Lithuania, and we hope that the first quarter will be closed with our planned targets achieved,” Algirdas Butkevičius told the reporters after the government’s meeting on Wednesday.

The authorities could provide more specific information in April, he said.

“Specific recalculations will be made in April and then we will definitely be able to tell what we are up to, what are the potential threats and potential losses.”

Last week, Butkevičius said that financial and economic losses of the country due to the Russia-Ukraine conflict might reach 1.6 percent of GDP this year. Therefore, the government is ready to earmark 200 million litas (EUR 57.97 mln) in support from the European Union’s funds left from the 2007-2013 framework.

Meanwhile, Bronius Bradauskas, chair of parliamentary Committee for Budget and Finance, has said citing preliminary estimations that Lithuania’s losses due to the conflict between Russia and Ukraine might reach some 3.5 billion litas.

Naujienų agentūros BNS informaciją skelbti, cituoti ar kitaip atgaminti visuomenės informavimo priemonėse bei interneto tinklalapiuose be raštiško UAB „BNS“ sutikimo neleidžiama.