Lithuania

On November 28-29th, 2013, the Eastern Partnership summit took place in Vilnius, where Ukraine, Georgia, and Moldova signed an Association agreement with the European Union (EU). This agreement aimed to strengthen political and economic ties with the EU, including free trade and visa-free travel. The signing of the agreement was seen as a significant step towards European integration for these countries. However, the signing of the agreement led to significant tensions between Russia and the…

The former Soviet Union was a vast region that encompassed a number of countries with distinct cultures, economies, and political systems. In 2013, the region was still recovering from the economic and political upheavals of the previous decades, and minimum wages varied widely across the countries that made up the former Soviet Union. Previously I have already measured and compared minimum wages in Baltic states, Caucasus and Central Asia. All of these once were a part of the Soviet Union.…

Minimum wages in the Baltic states are the lowest ones in the European Union. In 2013 minimum wage in Baltic states was $427 in Estonia, $379 in Latvia and $385 in Lithuania. Update: Minimum Wage Set to Rise in the Baltic States in 2018 Difference between "richest" Estonia and "poorest" Latvia in 2013, in terms of minimum wage, was = $48   Estonia has announced to increase its minimum wage by 35 EUR both in 2014 and 2015. In 2014 minimum wage in Estonia will be $474. Latvia plans to…

<p>Low fare airline company Wizz Air &nbsp;has announced, that starting April 1st, 2014 a new route will be opened, serving Vilnius, Lithuania &nbsp;- Kutaisi, Georgia.</p><p><a href="http://wizzair.com/en-GB/TimeTable/Vilnius/Kutaisi">Tickets can be bought already, and they cost about 50 EUR one way.</a></p><p><img src="http://reinisfischer.com/sites/default/files/wizair.JPG&quot; alt="" width="737"…

t is fascinating to compare the economic growth of the Baltic states and Caucasus regions and make predictions on their future growth. The competition between these two regions to achieve a GDP of 100 billion USD is intense. In 2012, the total GDP of the Baltic states was 92.47 billion USD, while that of the Caucasus was 92.94 billion USD, with the latter leading by just 47 million USD. With 2013 already underway, it is interesting to take a look at the forecasts for each country and make…

The Baltic states and Caucasus region both have unique economic landscapes that make for an interesting comparison. Let's start by looking at the GDP in each of the six countries in 2012. Azerbaijan was the wealthiest country with 67.2 billion USD, followed by Lithuania with 42.25 billion USD, Latvia with 28.37 billion USD, Estonia with 21.85 billion USD, Georgia with 15.83 billion USD, and Armenia with 9.91 billion USD. It's interesting to see that Azerbaijan was the clear winner when…