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| Embassies Embassy of the People's Republic of China in the Republic of Lithuania Ambassador: Ms. Yang Xiuping Address: Algirdo Street 36, Vilnius 03218, Lithuania Tel: +370-5-2162861, 2162862 Fax: +370-5-2162682 Office Hours: 09:00-12:00, 14:00-17:00, Monday-Thursday (except holidays) 09:00-12:00, 14:00-16:00, Friday (except holidays) Email: chinaemb_lt@mfa.gov.cn Website: http://lt.chineseembassy.org/eng/ Embassy of the Republic of Lithuania in Beijing Ambassador: H.E. Mr. Rokas Bernotas Address: B-30, King's Garden Villas, No.18, Xiao Yun Road, Chaoyang District, Beijing Postal Code: 100125 Tel: (+86)10 8451 8520 Fax: (+86)10 8451 4442 E-mail: amb.cn@urm.lt |
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| Economy Lithuania's economy grew on average 8% per year for the four years prior to 2008, driven by exports and domestic consumer demand. Unemployment stood at 4.8% in 2008, while wages grew at double digit rates. The current account deficit rose to roughly 15% of GDP in 2007-08. Lithuania has gained membership in the World Trade Organization and joined the EU in May 2004. Despite Lithuania's EU accession, Lithuania's trade with its Central and Eastern European neighbors, and Russia in particular, accounts for a growing percentage of total trade. Privatization of the large, state-owned utilities is nearly complete. Foreign government and business support have helped in the transition from the old command economy to a market economy. |
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