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Economy / Lithuania

Rouble-Related Boost

January 2007 | Risk Summary

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Consumption spending and the government's approval rating will benefit this year from a sharp increase in compensation payments to depositors who lost out after the post-independence switch from Russian roubles to litas. These payments had been budgeted at 0.6% of expected GDP, with a similar sum pencilled in for 2008. But the government has decided to use part of its windfall from the sale of refiner