EconomyLietuvos Oro Uostai (Lithuanian Airports), the operator of the country's three major international airports, said that its first-quarter revenue jumped by 26.4 % to 7.287 mln euros, from 5.765 mln euros in the same period last year. Lithuania's Klaipedos Nafta signs contracts on construction of new oil product tanks2017-06-14, 10:23The management board of Lithuania's state-controlled oil terminal operator Klaipedos Nafta (Klaipeda Oil) has concluded contracts with two contractors for the construction of new tanks for storing oil products. Fazer Lietuva, a Lithuanian bakery of Gardesis bread and confectionery trade owned by Finland's Fazer Bakeries, invested 1.7 mln euros in expansion and opened new bakery facilities in Lithuania's second city Kaunas. Vilkyskiu Pienine, one of Lithuania's largest dairy companies, had its 2017 revenue driven by a slight increase in sales and growing prices. Statistics Lithuania informs that, based on non-final data obtained from customs declarations, Intrastat reporting and VAT returns data, exports in April 2017 amounted to 2 bln, imports – EUR 2.3 bln. Exports of goods of Lithuanian origin amounted to EUR 1.1 bln. The foreign trade deficit of Lithuania amounted to EUR 316.8 mln. Baltic Pack, one of Lithuania's leading packaging suppliers, last year posted 25.123 mln euros in consolidated revenue, up by 11.1%, from 22.62 mln euros, in 2015. The Governing Council of the European Central Bank (ECB) at a meeting held in Tallinn on Thursday left base interest rates unchanged, monthly net asset purchases are intended to run until the end of 2017. Energijos Tiekimas (Energy Supply), an independent electricity supplier that is part of the state-run Lietuvos Energija (Lithuanian Energy) group, is entering the Polish market. After officially founding the company Geton Energy earlier this week, the company hopes to form a team and start producing electricity by the end of the year. After closing the route to Moscow, Lietuvos Gelezinkeliai (Lithuanian Railways, LG), the state-run railway company, plans on launching a passenger train to the Latvian city of Daugavpils. The company's spokesman said LG was ready but had to wait for the final approval from Latvian railway. In the first quarter of 2017 insurance market growth was three times stronger y-o-y. Insurance premiums amounted to EUR 184.7 mln, an increase of 16% y-o-y, Bank of Lithuania informed. |
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