EconomyA figure in the budget of Lithuania's state-run social insurance fund Sodra warns that if several thousand more people enter the labor market than leave it in 2017 and 2018, the total number of the insured will remain unchanged and the labor market will come close to its bottom as soon as in 2019. The Lithuanian seaport of Klaipeda continues leading the ports of other Baltic countries in terms of container loading volumes in the first nine months of 2016. Lithuania has been chosen as the location for one of two settlement centers between the European Union and China due to broad attitude of Lithuanians, friendly bureaucrats and recommendations of Chinese companies investing in Klaipeda. The UK Railway Industry Association expects that UK-based railway design, construction and maintenance companies will bid for Rail Baltica construction contracts. Russia remains Lithuania's key export partner amid fall in exports to other markets2016-10-15, 10:00Despite a decline in exports to Russia, the country remains Lithuania's key export partner amid falling exports to other markets, SEB Bankas' economist Gitanas Nauseda said. The three Baltic countries registered the EU's highest quarterly increases in house prices in the second quarter of 2016, according to the latest figures released by the EU statistics office Eurostat. New light-vehicle registrations in the Baltic States grew by 12% in III quarter 20162016-10-13, 10:06Analysis of fully-processed registrations’ data performed by AV Automotive Research / AutoTyrimai, based on source data obtained from Regitra (Lithuania), CSDD (Latvia) and Maanteeamet (Estonia), shows that new light-vehicle (M1&N1) registrations in the Baltic States increased by 12.3% to 17’045 units in III quarter 2016. City Service , the Lithuanian real estate maintenance group with operations in the Baltic states, Poland, Spain and Russia, is expanding its residential building maintenance business in Latvia. Lithuanian companies, which exported mostly food-grade wheat to Middle East and Northern Africa in recent years, will have to find markets much closer to home to sell this year's poorer-quality crop. Lithuania's foreign direct investments in Estonia shrank by 58.8% y-o-y to 89.4 mln euros in the first half of 2016, while investments in Cyprus soared by 43% to 277.6 mln euros. |
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