Suchergebnisse

International trade in services had grown significantly, what marks importance in the country's economy. Major features of services have much in common with other services, becoming increasingly internationalized services also account for a greater share of foreign direct investment than does manufacturing in the most developed economies of the world. Because services are such a large and important component of the Lithuanian economy, understanding the implications of increased trade in services is crucial to the trade liberalization by the EU Directive on services, agenda going forward. Paper is based on extensive literature analysis and empirical data. The analysis of an introduction to the nature of international services showed, that the important instrument of services trade development is Directive on services in the internal market, which EU law is aiming at establishing a single market for services within the European Union (EU). So it was designed to break down barriers to trade in services across the EU, and help complete the single market. The EU Services Directive is one of the cornerstones for the realization of the EU internal market and is fundamental to economic and legal experts in governments, trade and industry, as well as to the general public. The starting point is identifying issues of competition in the international trade sector is that EU Services Directive to execute a purpose contribute to the Lisbon strategy goal of making the European Union the world's most dynamic, competitive and sustainable economy. The article deals with the services sector's development in ES market analysing its competitive potential in our Lithuanian country. The study showed that companies whose activity is oriented towards the fields with the highest added value (creation of new services, consultations, or information technologies) became more active during the cycle of economic stagnation. The trends of international trade of services show that trade in these fields will expand, and the rate of growth will ...

The scholastic problem is reliability of Lithuanian insurance market. Lithuanian insurance market is sensitive to changes in the external environment; therefore this threatens the financial stability of the insurance market. Lithuanian insurance market is in stagnation period, this is confirmed by lower indexes of insurance development. In order to evaluate the position of the country's life and nonlife insurance market more accurately, it was expedient to evaluate the quantitative influence of the main economics and social factors. Therefore, calculations presented in the paper have been done on the basis of available statistical data – indirect indexes. The subject of the research is indexes of Lithuanian insurance market. The aim of the research is to analyse the processes of Lithuanian insurance market. Conclusions and results of the work are: the analysis of external environment helps estimate the main forces that insurance market cannot control but that have influence on financial indexes. The results showed that the main factors that have influence on growth of life insurance are inflation level and disturbance in international financial markets, and the main factors that have influence on growth of non-life insurance are decreasing demand of new cars, high number of damages, changing situation in the building market and elemental forces. The stagnation in Lithuanian insurance market is due to economic and social conditions that are disclosed by statistics indexes. The global economy experienced a slowdown and rising inflation, which was mainly caused by the rapid rise in food and energy prices. Course of events was related to international financial market crisis. The dramatic crisis in the international financial markets and its global repercussions are major challenges to the liberal economic system, demanding a rapid reaction from government and far-reaching efforts. Fluctuations in stock quotations have a direct impact on the profitability of insurance undertakings as well as the pension funds managed by life insurance undertakings that invest at least part of their funds in shares. The main economic factor is increasing unemployment that was influenced by the economic decline and by the rapid decrease in the number of job vacancies. Economic issues pointed up limited availability of wage restraint; therefore rising prices and falling purchasing power force residents to procure only indispensable commodities and services. The working capital turnover as well as slackened off settlements between business subjects impeded business conditions. Therefore these factors show that unfavourable situation in financial markets had a direct impact on the slowdown in the rate of growth of unit-linked life and nonlife insurance.

The scholastic problem is reliability of Lithuanian insurance market. Lithuanian insurance market is sensitive to changes in the external environment; therefore this threatens the financial stability of the insurance market. Lithuanian insurance market is in stagnation period, this is confirmed by lower indexes of insurance development. In order to evaluate the position of the country's life and nonlife insurance market more accurately, it was expedient to evaluate the quantitative influence of the main economics and social factors. Therefore, calculations presented in the paper have been done on the basis of available statistical data – indirect indexes. The subject of the research is indexes of Lithuanian insurance market. The aim of the research is to analyse the processes of Lithuanian insurance market. Conclusions and results of the work are: the analysis of external environment helps estimate the main forces that insurance market cannot control but that have influence on financial indexes. The results showed that the main factors that have influence on growth of life insurance are inflation level and disturbance in international financial markets, and the main factors that have influence on growth of non-life insurance are decreasing demand of new cars, high number of damages, changing situation in the building market and elemental forces. The stagnation in Lithuanian insurance market is due to economic and social conditions that are disclosed by statistics indexes. The global economy experienced a slowdown and rising inflation, which was mainly caused by the rapid rise in food and energy prices. Course of events was related to international financial market crisis. The dramatic crisis in the international financial markets and its global repercussions are major challenges to the liberal economic system, demanding a rapid reaction from government and far-reaching efforts. Fluctuations in stock quotations have a direct impact on the profitability of insurance undertakings as well as the pension funds managed by life insurance undertakings that invest at least part of their funds in shares. The main economic factor is increasing unemployment that was influenced by the economic decline and by the rapid decrease in the number of job vacancies. Economic issues pointed up limited availability of wage restraint; therefore rising prices and falling purchasing power force residents to procure only indispensable commodities and services. The working capital turnover as well as slackened off settlements between business subjects impeded business conditions. Therefore these factors show that unfavourable situation in financial markets had a direct impact on the slowdown in the rate of growth of unit-linked life and nonlife insurance.

The scholastic problem is reliability of Lithuanian insurance market. Lithuanian insurance market is sensitive to changes in the external environment; therefore this threatens the financial stability of the insurance market. Lithuanian insurance market is in stagnation period, this is confirmed by lower indexes of insurance development. In order to evaluate the position of the country's life and nonlife insurance market more accurately, it was expedient to evaluate the quantitative influence of the main economics and social factors. Therefore, calculations presented in the paper have been done on the basis of available statistical data – indirect indexes. The subject of the research is indexes of Lithuanian insurance market. The aim of the research is to analyse the processes of Lithuanian insurance market. Conclusions and results of the work are: the analysis of external environment helps estimate the main forces that insurance market cannot control but that have influence on financial indexes. The results showed that the main factors that have influence on growth of life insurance are inflation level and disturbance in international financial markets, and the main factors that have influence on growth of non-life insurance are decreasing demand of new cars, high number of damages, changing situation in the building market and elemental forces. The stagnation in Lithuanian insurance market is due to economic and social conditions that are disclosed by statistics indexes. The global economy experienced a slowdown and rising inflation, which was mainly caused by the rapid rise in food and energy prices. Course of events was related to international financial market crisis. The dramatic crisis in the international financial markets and its global repercussions are major challenges to the liberal economic system, demanding a rapid reaction from government and far-reaching efforts. Fluctuations in stock quotations have a direct impact on the profitability of insurance undertakings as well as the pension funds managed by life insurance undertakings that invest at least part of their funds in shares. The main economic factor is increasing unemployment that was influenced by the economic decline and by the rapid decrease in the number of job vacancies. Economic issues pointed up limited availability of wage restraint; therefore rising prices and falling purchasing power force residents to procure only indispensable commodities and services. The working capital turnover as well as slackened off settlements between business subjects impeded business conditions. Therefore these factors show that unfavourable situation in financial markets had a direct impact on the slowdown in the rate of growth of unit-linked life and nonlife insurance.

The scholastic problem is reliability of Lithuanian insurance market. Lithuanian insurance market is sensitive to changes in the external environment; therefore this threatens the financial stability of the insurance market. Lithuanian insurance market is in stagnation period, this is confirmed by lower indexes of insurance development. In order to evaluate the position of the country's life and nonlife insurance market more accurately, it was expedient to evaluate the quantitative influence of the main economics and social factors. Therefore, calculations presented in the paper have been done on the basis of available statistical data – indirect indexes. The subject of the research is indexes of Lithuanian insurance market. The aim of the research is to analyse the processes of Lithuanian insurance market. Conclusions and results of the work are: the analysis of external environment helps estimate the main forces that insurance market cannot control but that have influence on financial indexes. The results showed that the main factors that have influence on growth of life insurance are inflation level and disturbance in international financial markets, and the main factors that have influence on growth of non-life insurance are decreasing demand of new cars, high number of damages, changing situation in the building market and elemental forces. The stagnation in Lithuanian insurance market is due to economic and social conditions that are disclosed by statistics indexes. The global economy experienced a slowdown and rising inflation, which was mainly caused by the rapid rise in food and energy prices. Course of events was related to international financial market crisis. The dramatic crisis in the international financial markets and its global repercussions are major challenges to the liberal economic system, demanding a rapid reaction from government and far-reaching efforts. Fluctuations in stock quotations have a direct impact on the profitability of insurance undertakings as well as the pension funds managed by life insurance undertakings that invest at least part of their funds in shares. The main economic factor is increasing unemployment that was influenced by the economic decline and by the rapid decrease in the number of job vacancies. Economic issues pointed up limited availability of wage restraint; therefore rising prices and falling purchasing power force residents to procure only indispensable commodities and services. The working capital turnover as well as slackened off settlements between business subjects impeded business conditions. Therefore these factors show that unfavourable situation in financial markets had a direct impact on the slowdown in the rate of growth of unit-linked life and nonlife insurance.