The Baltic countries and Central Europe will continue to show decent economic growth, primarily sustained by growing domestic demand. Poland and the Czech Republic will lead the way, according to Eastern European Outlook published by SEB Banka.
© DELFI / Mindaugas Ažušilis

Regarding the GDP, Latvia will be the fastest-growing Baltic country, the SEB Banka experts believe. GDP will grow 2.7 percent next year and 3.5 percent in 2017.

This growth will continue due to consumption, although European Union (EU) funding will have limited impact on the increase on investment activity. Total export volume this year will rise only a bit, due to market diversification.

Estonia's growth forecast for 2015 has been moderately revised down due to weak exports, but growth will rebound - sustained primarily by a consumption boom and strong demand from Sweden. GDP will grow 2.7 percent in 2016 and 3.4 percent in 2017.

Lithuania's pace will be leisurely this year, slowed down by loss of export markets in Russia and low prices that have hurt the country's important refined oil export. Growth will accelerate to a decent 3 percent or so annually during 2016-2017, according to SEB Banka.

It is forbidden to copy the text of this publication without a written permission from ELTA.

Government to mull merging three state research institutes

The Lithuanian government will on Wednesday consider merging three state research institutes into one.

Monaco-registered company picks Klaipeda FEZ for its new R&D and manufacturing unit

Monaco-registered GRH International has decided to establish its new R&D and manufacturing unit...

Nauseda will ask for significant EU funding for climate goals

Lithuanian President Gitanas Nauseda , currently in Brussels, said on Friday he would seek to ensure...

Over EUR 11 mln offered for central post building in Vilnius

11.22 million euros has been offered for the historic central post office building in central...

Lithuania gets message on Belarus' N-plant included in EU climate change plan

Lithuania managed to get an indirect message to Belarus on safety standards at its...