© DELFI / Kiril Čachovskij

The first quarter of 2016 saw increased borrowing by small businesses, improved corporate credit ratings and growing productivity.

Farmers, retailers and manufacturing companies were the most active borrowers among small businesses, says Swedbank.

Swedbank's loans to small businesses have more than doubled in the first quarter of this year compared to the same period a year ago, totalling €10.8 million.

“Recovering demand for long-term funding is an extremely positive sign, because in order to stay competitive companies have to pay more attention to new investments,” said the the head of the bank's business customers office Antanas Sagatauskas.

“This year should be good for small businesses - domestic consumption remains strong, exports are expected to grow. Taking into consideration the growing need for financing, we are planning that the new financing volume will be increased by 45%,” said Sagatauskas.

DELFI

320 kg of drugs busted in Lithuania and Latvia during international operation

A shipment of 320 kilos of drugs has been seized during an international operation in Lithuania's...

Nauseda criticizes transport minister's 'chaotic' performance (1)

Lithuanian President Gitanas Nauseda has says he has a negative opinion about Jaroslav Narkevic 's...

President adviser: Nauseda won't cross red lines opening dialogue with Belarus (1)

Lithuanian President Gitanas Nauseda is open to a dialogue with Belarus but will not cross the red...

American author writing on Holocaust: past serves as a warning how things can go between nations (1)

From Facebook to Donald Trump's impeachment. American author Timothy David Snyder who specializes in...

President's aide: Russia was very keen to swap 'spies' (1)

Russia agreed to release a Norwegian national along with two Lithuanians as part of the recent " spy...