News
Subscribe
May 16, 2012
Bank of Lithuania forecasts rapid economic growth
Following faster than expected growth over the first quarter of this year, the Bank of Lithuania lifted its growth forecasts for this and next year. The country‘s GDP is now expected to rise by 3.0% in 2012 and 3.5% in 2013 -- 0.8% and 0.2% higher than the initial forecast.
May 15, 2012
Bloomberg: Nordic Cost Cuts Create Baltic Jobs
Mattias Loov sought to cut costs for his clients at Stockholm-based H1 Communication AB after the global economic crisis hit the Nordic region. He found a solution 760 kilometers (475 miles) across the Baltic Sea.
“Everyone’s looking after their overheads and trying to provide good services in a cost-effective way,” Loov, H1’s chief executive, said in a phone interview. He sees outsourcing to Baltic region, which also includes Latvia and Lithuania, as an emerging trend.
