On May 1, Lithuania will celebrate its 20th anniversary in the European Union. On this occasion 15 minutes In a cycle of articles, the portal reviews how Lithuania has changed over the past two decades: from prices to salaries and pensions, from flights to energy independence.
We won the most
Looking at the growth of the gross domestic product (GDP), Lithuania is currently among the most benefited new EU members, stated Assoc. Dr. Vincentas Vobolevičius, Director of the Economics and Politics Bachelor’s Program at the ISM University of Management and Economics.
“We squeezed more out of the EU than other countries.”
“Studies comparing the real indicators of Lithuania 15 years after joining the EU, with a “synthetic” Lithuania that would probably exist without joining the EU, show over 50%. higher real GDP.
Such a positive result was due to several factors: rapid growth of trade volumes with EU countries, inflows from EU cohesion funds, significantly increased investments from EU countries and structural reforms related to EU accession”, – 15 minutes said V. Vobolevičius.
Citadele Bank economist Aleksandr Izgorodin seconded him: “We squeezed more out of the EU than other countries. Compared to other countries, we won the most. Even if we look at what the country looked like 20 years ago and now, it just doesn’t compare. Now we truly belong to the club of elite European states.”
So what have we gained from EU membership and how do we look in the European club compared to other countries?
Tags: Compared countries won gained years membership Business
