EconomyPrime Minister Algirdas Butkevicius told Chinese officials on Thursday that, in addition to milk and beef, Lithuania also wants to export grain to China. Construction on the third phase of Vilnius western bypass may be completed as early as in 2016 and the road is expected be opened to traffic immediately thereafter, Vilnius Major Remigijus Simasius has said. Lithuania's property developer Eika is looking for new investors and is considering setting up a commercial real estate project management company that would possibly float its shares on the stock exchange, Verslo Zinios reported on June 29th. The price of electricity in Nord Pool Spot's Lithuanian bidding area averaged 40.5 euros per megawatt-hours (MWh) in June, up 23% compared with May, but down 5% from a year earlier, Litgrid said on Tuesday. A new shipment of around 140,000 cubic meters of liquefied natural gas (LNG) from Norway's Statoil has been delivered to Klaipeda. It is the tenth shipment to Lithuania this year so far. Vostok Emerging Finance (VEF) has invested 3.4 million US dollars (EUR 3.07 mln) in the Lithuanian-owned money transfer company TransferGo, whose key markets include the United Kingdom, which voted last week to leave the European Union, Verslo Zinios reported on June 29th. Lithuanian bankrupt Ukio Bankas suit against PrivatBank to be heard by Latvian courts2016-07-03, 14:31Ukio Bankas, a bankrupt Lithuanian bank that is currently in the process of liquidation, will have to go to Latvian courts in an effort to recover nearly 600,000 euros from PrivatBank, the neighboring country's ninth-biggest commercial bank by assets. Apranga, the Baltics' leading clothing retailer, said on Friday that its first-half sales rose by 7.2 year-on-year to EUR 94.3 mln. ‘Orlen Lietuva‘ is one of the largest tax payers in Lithuania. It is not only the producer of fuel, but also one of the largest economic centres in the country, creating thousands of jobs (directly and indirectly). It is one of the best know Polish brands in Lithuania and this year marks the 10th anniversary of its presence in the local market. Kesko Senukai Lithuania (former Senuku Prekybos Centras), the operator of a building and home improvement supplies chain in the Baltics, posted 15.382 million euros in consolidated net profits for 2015, up 12% from 13.74 million euros in 2014. |
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