Posts tagged as spending spree

Lithuania’s post-corona ‘spending spree’ hindered by red tape – Swedbank

Wednesday, May 27, 2020

Swedbank, a Swedish bank operating in the Baltic states, said in its May 25 report that Lithuania was well-placed for the economy to rebound quickly. However, excessive red tape hinders distribution of state aid. According to Swedbank, “the pandemic highlighted the value of good policy and capable public administration”, with the report praising the early lockdown action taken by the government, despite “ill-preparedness” of the country’s health system. The country’s…