German Companies increasingly confident in Baltics
From the beginning of 2013, German firms have been acting in very optimistic way int the Baltic markets. Positive future prospects attract companies and the possibilities the Baltic States have to offer. Long-term involvement in the Baltics is desirable. The positive mood stems from the possibility of Lithuania and Latvia goining the euro-zone in few years time.
It is notable that the growth rates in economy have been in the top of the European Union, and over the past two years the gross domestic product of the Baltic States has grown at higher rate than European Union on average. According to the assessment given by German Companies, and Lithuani has got the most attention – clear majority is estimating Lithuanian economy and business to strengthen in 2013. European Commission estimated in its winter forecast that the expected EU-wide growth rate is 0,1 %, but when compared to the Baltic States, it was estimated that their economies were set to grow by at least 3,0 %.