EconomyVasiliauskas: financial innovations may give 'exciting impetus' to economic growth2017-07-05, 16:11Financial innovations open up new opportunities for businesses and consumers and may give "an exciting impetus" to economic growth, both nationally and globally, noted Vitas Vasiliauskas, Chairman of the Board of the Bank of Lithuania, in his presentation at the Hamburg conference on the challenges of globalisation, informed BC press service of the bank. The Commission published a reflection paper on the future of EU finances in which it describes possible options to finance “common needs”. This is fifth and final paper in the series of debate on EU budget’s future; debates started in March this year with the Commission’s White Paper on the Future of Europe. The reflection paper maps out possible budgetary implications of the choices the EU states would make. The turnover of enterprises engaged in wholesale and retail trade of motor vehicles and motorcycles in Lithuania increased by 1.1%2017-07-03, 09:57The turnover of enterprises engaged in wholesale and retail trade of motor vehicles and motorcycles in Lithuania increased by 1.1%. Taking into account the needs of data users, the Bank of Lithuania and Statistics Lithuania begin publishing detailed data on exports and imports of services, broken down not only by country but also by type of service. Results for Q1 2017 show that: Lithuania's electricity and natural gas distribution company Energijos Skirstymo Operatorius (Energy Distribution Operator, or ESO) said on Friday that its revenue for January through May fell by 7.6% to 263.9 mln euros, from 285.9 mln euros in the same period last year. The Bank of Lithuania and Statistics Lithuania publish the provisional data on direct investment for Q1 2017. Direct investment statistics was supplemented with the indicators of income from equity instruments (dividends), excluding reinvestment, and income from debt instruments (interest), calculated by applying the directional principle. The latest data release indicates that. Statistics Lithuania informs that in June 2017 the consumer confidence indicator stood at minus 12; against May, it remained unchanged. More pessimistic expectations about changes in the household’s financial situation in the coming 12 months were counterbalanced by more optimistic expectations about changes in the country’s economic situation and making at least some savings in the coming 12 months. The average price of electricity in Nord Pool Spot's Lithuanian bidding area dropped by 20.9 last week from a week earlier to 32.09 euros per megawatt-hour. Statistics Lithuania informs that based on the provisional data of the Household Budget Survey, in 2016, average household consumption expenditure equalled EUR 298 per capita per month. Compared to 20121, monthly consumption expenditure grew by 20.3%, or EUR 50. Consumer price growth adjusted, compared to 2012, consumption increased by 18.9%. The natural gas supply and trading company Lietuvos Dujų Tiekimas (LDT), part of the state-controlled Lietuvos Energija energy company group signed a contract with the U.S. Cheniere Marketing International and purchased a LNG cargo. Lietuvos Dujų Tiekimas will store a part of natural gas purchased at a lower price in summer in Latvian Incukalns natural gas storage facility. |
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