Tuesday, August 30, 2011

Post 2

The slump is a concern for the country's centre-right government, which is at the helm of a tough austerity drive brought in after Lithuania plunged into one of the deepest recessions in the European Union in 2009.

The economy has gradually emerged from the doldrums after the sharp crisis.

"It is very important that those people who left Lithuania in large numbers keep ties with Lithuania and see opportunities to come back," Prime Minister Andrius Kubilius told reporters on Monday. Analysts warn that the population decline may impede the economic recovery.

"The population decrease has been very rapid due to negative demographic trends, but emigration is probably even more important," Rimantas Rudzkis, chief analyst at the bank DnB Nord in Lithuania, told AFP.

"Such a decline will have negative consequences. Lithuania will be lacking workforce and that may deter investment," he added. The emigration trend started after EU entry in 2004.

[. . .]

Few have returned, despite the host countries' own economic slumps. Statistics showed that 83,500 people left Lithuania in 2010, mostly to Britain and Ireland.

Officials have said that may include people who left earlier but made the move official to avoid the Lithuanian government's new drive to collect taxes from undeclared emigrants.

No comments:

Post a Comment