Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

SEB Bank Raises Lithuania’s Economic-Growth Outlook for 2012

June 21 (Bloomberg) -- SEB Bank AB, Lithuania’s largest bank by assets, raised its economic-growth outlook for the country for a second time, citing better-than-expected first-quarter results and a resilience to Europe’s debt crisis.

The economy will probably expand 3.5 percent this year, compared with a May estimate of 3 percent, the bank said in an e-mailed report today. Growth may slow to 3 percent in 2013, it said.

Lithuania’s economy expanded 3.9 percent from a year earlier in the first quarter, the European Union’s second-fastest pace after neighboring Latvia.

The Baltic nation’s output advanced as domestic demand strengthened and the country’s main export markets of Russia, Germany, Latvia and Estonia, posted quicker economic growth than economists predicted.

To contact the reporter on this story: Milda Seputyte in Vilnius at

To contact the editor responsible for this story: Balazs Penz at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.