EconomyThis year's first transit train from China is coming to Lithuania on Monday. In 2016, banks and other lending institutions granted almost 400 thousand new loans. Even though borrowing is picking up steam, resident loan burden is constantly reducing – they allocate an increasingly smaller share of income for loan repayment. Average gross monthly wages in Lithuania last year rose by 60 euros, or 8.4 %, y-o-y, to 774 euros, data from Statistics Lithuania showed on Friday. Statistics Lithuania informs that based on more comprehensive business, tax and price statistics, in I quarter 2017, country’s gross domestic product (GDP) at current prices amounted to EUR 9.2 bln. Growing popularity of peer-to-peer lending platforms in Lithuanian consumer credit market2017-05-31, 11:56In the first quarter of 2017, new consumer credits granted to residents continued to decline in number; however, peer-to-peer lending platforms, which also grant this credit, increased their lending volumes fast. The Bank of Lithuania published the April 2017 balance sheet data of monetary financial institutions (MFI), which show that loans for house purchase from credit institutions to Lithuanian households grew by EUR 42.0 mln, Bank of Lithuania informed. Telia Lietuva, Lithuania's TV, Internet and mobile services provider that is majority owned by Sweden's telecoms group Telia Company, has received a 60-million-euro loan from three Scandinavian banks and will use the money to refinance a loan extended by Telia Company to Omnitel several years ago. Turnover of wholesale and retail trade and repair of motor vehicles enterprises in Lithuania decreased by 1%2017-05-28, 09:59Over the month, the turnover of enterprises engaged in wholesale and retail trade of motor vehicles and motorcycles decreased by 1%. Lithuania's herbal tea maker Svencioniu Vaistazoles starts exports to Saudi Arabia2017-05-27, 14:32Lithuania's herbal tea producer Svencioniu Vaistazoles has sent the first containers with tea blends for babies to Saudi Arabia and expects to increase its exports by one-fifth this year. German investors consider Baltics the best place to invest in Central and Eastern Europe2017-05-26, 09:52A survey conducted by the German-Baltic Chamber of Commerce (AHK) in 2017 shows German businesses as having a better opinion of the Baltic countries than of any other country in Central and Eastern Europe. |
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