Risk Management - Articles
An overview of Lithuania
October 28th 2024
October 2024 has been a particularly important month for Lithuania as the national elections have just taken place. In such a crucial moment for local, European, and global politics and economics, these elections hold great significance for the Lithuanian people. Since joining the European Union in 2004, Lithuania has witnessed significant economic growth and rapid modernization and during the COVID-19 pandemic, Lithuania was among the best-performing economies. However, last year, exports of goods, particularly in the chemical, plastic, wood, and furniture sectors, have been hit by weak global demand, though service exports have shown improvement.
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