Consumer spending drives gradual recovery

A2

MEDIUM RISK for enterprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

Last updated in January 2025.

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Form of state Parliamentary Democracy 
Head of government Gintautas Paluckas (Prime Minister)
Next elections 2028, parliamentary
Strenghts
  • Low systemic political risk
  • Good international relations (except with Russia), EU and NATO membership 
  • Eurozone membership provides for low transfer and convertibility risk
  • Sound public finances and access to international capital markets
  • Strong business environment
Weaknesses
  • High external debt burden 
  • The industry is dominated by one large refinery complex, Orlen Lietuva
  • Unfavorable export structure, with high export and import dependence on Russia (prior to the war in Ukraine) and a few EU countries 
(% of total, 2023)
(% of total, annual 2023)
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