EconomyStatistics Lithuania informs that in April 2017, industrial production totalled EUR 1.5 bln at current prices and, compared to March, seasonally and calendar adjusted, decreased by 0.6 % at constant prices (unadjusted – by 12.1%). An increase in the number of building permits issued for the construction of new buildings in Lithuania in Q1 20172017-05-24, 12:25Statistics Lithuania informs that, based on the data from the Building Permits and State Construction Supervision Information System the Republic of Lithuania (IS) Infostatyba, in I quarter 2017, against I quarter 2016, the number of building permits issued for the construction of new buildings (hereinafter referred to as the building permits) increased by 16.7%, of which the number of building permits issued for the construction of new residential buildings – by 15.8%. Lithuanian Elektrenai power plant was switched on after electricity prices in Nord Pool Spot's Lithuanian bidding area jumped on Monday, a spokesman for Lietuvos Energijos Gamyba (Lithuanian Energy Production) confirmed. Russia's airline RusLine on Monday is launching a service between Vilnius and St. Petersburg. Electricity, natural gas prices for households in Latvia higher than in Estonia and Lithuania in H2 20162017-05-21, 14:46Electricity prices for Latvian households were the 15th highest in the European Union in July-December 2016, while gas prices were the seventh lowest; however, electricity and gas prices in Latvia were both higher than in Lithuania and Estonia, according to Eurostat. Lithuania's DFDS Seaways posts lower 2016 turnover after handing some routes to Danes2017-05-20, 09:58DFDS Seaways, a Lithuanian ferry operator that is part of the Danish shipping group DFDS, posted 75.995 mln euros in consolidated revenue in 2016, down by 20.7%, from 95.874 mln euros, in the year before. The company said the decline was due to handover of some of the routes to Denmark's DFDS. Statistics Lithuania informs that, according to the Labour Force Survey data, in I quarter 2017, the unemployment rate stood at 8%, and against the respective period 2016, decreased by 0.3 percentage points(ppt), against IV quarter 2016, increased by 0.4 ppt. In I quarter 2017, the male unemployment rate stood at 10.1%, female – 6.1%. The Bank of Lithuania, after conducting a study of the country’s pension system, states that, with no significant and immediate reforms undertaken, the future pensioners’ position will only deteriorate. The Bank of Lithuania is submitting a package of proposals that could change the situation if a long-term political agreement on the implementation of necessary measures is reached. Trustpilot, considered one of Denmark’s most promising startups, is establishing a product development division in Vilnius. A new shipment of liquefied natural gas (LNG) from Norway's Statoil is to arrive in Klaipeda on Tuesday, marking the eight LNG delivery to the Lithuanian port since the start of the current gas year on Oct. 1, 2016 and the third one for the fertilizer manufacturer Achema. |
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