Lithuanian Remittances Increased to 3.8% of GDP in 2011, LR Says

Lithuania’s remittances from expatriates rose last year to a record 4 billion litai ($1.52 billion), or 3.8 percent of gross domestic product, Lietuvos Rytas reported today, citing the central bank.

Remittances rose from 3.4 billion litai in 2010, the newspaper said.

To contact the reporter on this story: Milda Seputyte in Vilnius at mseputyte@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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