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Economic Perspectives for Lithuania in Times of COVID-19

by Elisabeth Bauer, Dalia Friedt, Augustina Zamuškevičiūtė

Economic Promotion Programme and a Corona Package of Measures to Help the Shrinking Lithuanian Economy

Various institutions estimate that we can expect the Lithuanian economy to shrink from 7.3 to 8.1 per cent in the year 2020 owing to the coronavirus pandemic. In March, the Parliament adopted a programme concluded by the government to promote the economy and mitigate the effects of Covid-19. One of the newly planned measures met with sharp criticism.

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The COVID-19 quarantine imposed on 16 March has been in force for almost two months. Pursuant to the most recent government decree, the quarantine will initially last until 31 May, the rules on quarantine were relaxed on 15 April, however. The first phase allowed shops to reopen which have direct access to the street, regulate the flow of customers and can limit contact with the customer to 20 minutes. As of 27 April, hair salons, libraries, museums, street cafés and shopping centres were allowed to open if certain hygiene requirements are met. From 18 May, nurseries and crèches are allowed to resume caring for children, the entire spectrum of dentist and beauty care may provide services and outdoor events with up to 30 participants are permitted From 15 May, travel between Lithuania, Latvia and Estonia are allowed without restrictions and an obligation to self-isolate. The obligation to wear a mask was lifted on 14 May, but continues to be in force among larger groups of people, in shops and on public transport.

You can download the complete report as pdf.

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