EconomyIn January-October this year Latvia imported gasoline and diesel fuel mainly from Lithuania. Lithuanian and Chinese joint venture to lease USD 800 mln aircraft to Russia's Aeroflot2016-12-16, 09:59AviaAM Leasing China, a joint venture between Warsaw-listed, Lithuania-based AviaAM Leasing and China's Henan Civil Aviation Development and Investment Company (HNCA), will lease 16 Airbus aircraft, valued at 800 mln USD, to Russia's airline Aeroflot. Lithuanian startups have already started thinking about moving to Latvia as the tax rate for startup salaries in Lithuania has become three times as high as in the neighboring county, whose parliament has recently approved tax advantages for innovative businesses. Lithuanian-owned Small Planet Group nets EUR 14 mln on EUR 182 mln revenue in 20152016-12-13, 10:26Small Planet Group, a Lithuanian-owned company that owns air charter operations in Lithuania, Poland and Germany, last year posted a net profit of 14.103 mln euros, almost a four-fold increase from 3.726 mln euros in 2014. Fund controlled by Lords LB Asset Management acquired concession of the M. K. Čiurlionis bridge left access transport infrastructure node in Kaunas2016-12-12, 14:49Energy and Infrastructure SME Fund controlled by investment management Lords LB Asset Management acquired Čiurlionio tiltas, JSC from Hidrostatyba company, which controls the concession of design, construction and operation of the transport node on the left access to M. K. Čiurlionis Bridge. In the next 16 years, the investment fund will participate in this project, while Hidrostatyba will continue carrying out its maintenance and operation. The Swedish furniture retailer IKEA has not dropped plans to expand in the Baltics and is considering opening stores in Estonia and Latvia. Lithuanian central banker expects low interest rates to continue in 2017 and beyond2016-12-10, 10:16Following the European Central Bank's decision to continue the Eurosystem's expanded asset purchase program after March 2017, favorable financing conditions for Lithuania, its businesses and private individuals, will remain in place in the coming years. The Lithuanian port of Klaipeda, which has in the past three years stood out in the Eastern Baltic Sea region for its cargo traffic growth, expects to keep growing next year and plans to expand its infrastructure to double its annual tonnage to 80 million tons in 2025. Lithuania's largest haulage companies are investing in establishment of own rest areas for their drivers in Western Europe in response to stricter regulation of drivers' rest procedures and lack of space in public truck parking areas, vz.lt news portal said on Monday. The price of electricity in Nord Pool Spot's Lithuanian bidding area last week averaged 37.3 euros per megawatt-hour, up by 0.8% from the previous week, but down by one-fifth from the year-earlier level, Litgrid said on Monday. |
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