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Development trends in the national economy sectors in the Baltic States in 2005-2015
2017
Supe, L., Riga Technical Univ. (Latvia) | Jurgelane, I., Riga Technical Univ. (Latvia)
The processes of globalization in the world economy have a significant impact on different processes and development in all national economy sectors. Innovations and technological development have also increased the competition between economic operators. Faster growth is also observed in service industries. The global economic downturn affected the Baltic States whose development suffered a sharp decline at the end of 2008 and in 2009. A sudden drop in the demand in export markets, as well as the decline in the demand in the domestic markets due to low purchasing power contributed to the deterioration of the economic situation in the Baltic States, particularly in the manufacturing and construction sectors. Starting from 2011, the economic indicators in the Baltic States have been growing and here the export of goods and services can be mentioned as the main contributor to the development of the economy in the Baltic States. Significant changes in the development of economic sectors started in 2013 due to Russia’s economic problems. During the period 2005 – 2015, most of the value added to the overall structure of the national economy in all three Baltic States was brought by trade and manufacturing. The aim of the research is to analyse the national economy sectors in the Baltic States during the period 2005 – 2015 in order to determine processes that affected the development of economy sectors in each of the countries, or the opposite – the recession, thus finding the most competitive sector of the national economy of the Baltic States.
Show more [+] Less [-]Investment into water management in Lithuania
2006
Glinskiene, R. | Daraskeviciute, B.
The development of the water management economy must satisfy the demands of the society and create the assumptions for a balanced development of the Lithuanian economy. Therefore it is essential to develop a politically independent, innovative and effective water management economy, which shall ensure the supply of the continuous, long-term and accessible services of water supply and wastewater management, socially necessary to all users, the quality of which shall meet the provided requirements. Lithuanian economy has been evolving towards the market economy for the entire decade after the restoration of the independence in 1991. The situation in water supply and maintenance economy was complicated: water management economy in most localities was worn and economically ineffective, wastewater treatment equipment was physically and morally outdated. After joining the European Union, it was required to harmonize the national requirements with the legislation of the European Union: the core attention in the water management sector had been given to the implementation of the Directive of the Common Water Policy. The implementation of the European Union requirements in the water management sector required big financial investment. The objective of this article is to evaluate the investment into the water management sector in Lithuania. The European Union, the international financing institution and national sources are the main resources for the financing of the development of the water sector. In 2000-2003, the subsidies and grants from the aforementioned organizations amounted to 1,169.92 thousand LTL in order to improve the assimilation of the investment, it is essential to increase the pay-back of the water management sector, modify the current management, administration and control structure of the companies in the water sector.
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