In 2006, Lithuania was in the midst of a period of rapid economic growth. The country had just joined the European Union in 2004, and this opened up many new opportunities for Lithuanians to access foreign markets and attract foreign investments. The economy grew at an average rate of 7.3% from 2004-2006, and GDP per capita doubled over this period. This growth was driven by strong exports, particularly to EU countries, and a booming services sector. According to constructmaterials, the Lithuanian government also launched a number of reforms to improve the business environment and encourage further investment in the country. These included reductions in corporate taxes, privatization of state-owned companies, and increased legislation on intellectual property rights. Overall, Lithuania experienced an improved standard of living during this time with increases in wages, employment opportunities, and healthcare expenditure.
Lithuania. The hospitality between Russia and Ukraine at the beginning of the year prompted the Baltic States to emphasize the importance of energy security with independence from Russia. Lithuania agreed with Latvia and Estonia to plan for the construction of a new nuclear reactor in Ignalina, since the oldest Chernobyl-type reactor has been closed and the other to be closed by 2009, according to a settlement with the EU. Lithuania and Sweden initiated a study on the conditions for an electric cable through the Baltic Sea.
According to CountryAAH, major public holidays in Lithuania include Independence Day (March 11) and New Year (January 1). Major public holidays in Lithuania include Independence Day (February 16) and New Year (January 1). Growth in Lithuania’s economy continued to be high, even though the year’s figure was around 8% below the Baltic neighbors’ figures. According to experts, the Lithuanian economy began to show symptoms of overheating.
The government was hit in the spring by a setback when the EU Commission declared that Lithuania could not join the euro cooperation as planned in 2007. By a small margin, Lithuania had exceeded the threshold for inflation.
A report by the Council of Europe pointed out that Roma, Jews and Chechens are being discriminated against in Lithuania, despite the country’s new anti-racist laws. Among other things, some mass media were criticized for contributing to increased special treatment.
In May, Social Democratic Prime Minister Algirdas Brazauskas resigned after his fragile coalition collapsed. Brazauskas left politics after reigning continuously since 2001, a Baltic record, and after a political career that stretched four decades back in time to the days of the Soviet system. New head of government became Brazauska’s Social Democratic party brother Gediminas Kirkilas. He was approved by Parliament in July and formed a coalition government where the populist Labor Party was put out.
Several of the Labor Party’s former ministers were accused of corruption and the police raided the party’s headquarters. The party considered itself a conspiracy by the president and the other political elite. The Labor Party’s founder and former leader Viktor Uspaskitj was wanted internationally after he took refuge in Moscow following allegations of fraud and tax evasion.
Baltic sanctions against Belarus
Lithuania, along with Latvia and Estonia, is imposing sanctions on President Lukashenko and 29 other officials in neighboring Belarus, linked to cheating in the country’s presidential election on 9 August. Other EU countries are also planning sanctions such as travel bans and asset freezes, but they have not yet agreed on which Belarusian people will be covered.
Lithuanians form human chain to support protests in Belarus
About 35,000 Lithuanians together form a 30-mile human chain between Vilnius and the border with Belarus. The action is in support of the opposition in Belarus and its leader Svetlana Tichanovskaya, who has taken refuge in Lithuania. The inspiration comes from a protest against Soviet rule that was staged in the Baltic states on August 23, 1989, 50 years after Nazi Germany and the Soviet Union concluded a pact that resulted in the Baltics falling under Soviet rule. Similar minor demonstrations are also taking place in Latvia and Estonia.
Lithuania receives Belarusians
According to Lithuanian media, Lithuania has received two Belarusians for humanitarian reasons following the unrest in Belarus (Belarus) following the presidential election there earlier this month. The two Belarusians are among Svetlana Tichanovskaya’s staff. Tikhanovskaya was the opposition candidate in the presidential election in the neighboring country and is also in Lithuania for security reasons after criticizing the election for being rigged (see Belarus: Calendar). Lithuania has also opened a border with Belarus, which has previously been closed as a measure to stop the spread of corona.