Data released by the Lithuanian Department of Statistics earlier today has confirmed that GDP Q2 growth was 1.1 per cent up against the same period last year, and 6.6 per cent up against the Q1 this year.

"I am pleased with the results of the ongoing economic recovery, proving that we are on the right track, and that the Lithuanian economy is climbing out of the recession, and, finally, that our economic stimulus plan is working. It will certainly require our further steadfast efforts and time to tame current unemployment and budget deficit. Then, the bare statistic figures of growth will translate into palpable results for the population."- said Prime Minister Andrius Kubilius.

According to the Prime Minister, unemployment, the lowest as it is among the Baltic states, still lingers high, and the Government is determined to continue promoting creation of new jobs, foreign investment and reducing red tape for business.

With reference to the above statistics, Advisor to the Prime Minister Mykolas Majauskas has pointed out that despite the economic recovery, the budget deficit remains very high and one of the largest in the EU, thus calling for further consolidation of public finances next year through a reform of state property management, which has revealed significant negligence; through fight against smuggling; and energetic efforts to boost small and medium-sized businesses.