EconomyAverage gross monthly earnings in Lithuania's economy, excluding sole proprietorships, rose by 8.1 percent in the second quarter of 2016 compared with a year earlier to reach 771.9 euros. Nordea, the biggest financial group in the Nordic and the Baltic countries, and Norway's DNB bank have agreed to combine their operations in Lithuania, Latvia and Estonia, the banks said. The agreement is yet to be endorsed by institutions supervising banking operations and competition, with completion of the process expected in the second quarter of 2017. Lithuanian software company to launch the smart terminal managing the whole flight training system2016-08-26, 13:55Business and training management software company Momook has announced that its highly-advanced full-flight simulator terminal is now available for sale and delivery. The software company, in cooperation with flight simulator maintenance solutions provider SimHelp, has launched an innovative solution developed specifically for aviation training center with at least one simulator, making the flight training process and simulator’s maintenance fast, simple and cost-effective. The Vilnius municipality intends to borrow up to 50 mln euros from the European Investment Bank (EIB) for refinancing earlier loans and investment projects. Klaipeda occupied the 3-rd standing in the list of the Eastern coast Baltic Seaports2016-08-24, 10:25Within the period of January – June of 2016 Klaipeda Seaport cargo handling turnover increased by 5,7 %. to 19,94 mln. tn, i.e. more by 1 081,0 thou. tn comparing with the corresponding period of 2015. Lithuania's grain processor Malsena Plius, which exports around one-tenth of its products, says that the weak ruble has forced it to switch from Russia and Belarus to other export markets, noting a recent increase in flour sales to African countries. The three largest companies in the Baltic states by turnover represent Lithuania, according to Coface Top 50 Baltic company rating. Lithuania's cosmetics and perfumery retailer Douglas LT posted 15.373 mln euros in revenue for the last financial year, up 13.6% from 13.534 mln euros in 2014. Among the three Baltic states, Lithuania and Latvia saw a decline in exports in the first half of 2016, as compared with the same period last year, Eurostat said. Exports remained stable in Estonia over the period. Litana, Lithuania's group of metal structure design and construction, is expanding its operations in Sweden and intends to launch production of stainless steel. |
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