EconomyRevenue of the Norwegian-owned electronics production company Kitron is growing due to the service center opened in Lithuania in 2015. Commission injects €6.7 billion into transport infrastructure to boost jobs and growth2016-06-19, 14:22Along with the Investment Plan for Europe, the Connecting Europe Facility plays a major role in bridging the investment gap in Europe, one of the Commission's top priorities. The European Investment Bank (EIB) will grant a 30-million-euro grant to the state-run Vilnius airport, with guarantees provided by the European Fund for Strategic Investments (EFSI), also known as the Juncker plan. The European Commission has approved 202 million euros for the Rail Baltica high-speed railway project in the second funding round of which Estonia's share is 10.9 million euros. Lithuania's and Latvia’s growth of new car sales among EU's biggest in January-May2016-06-16, 16:17The growth of new car sales in Lithuania in the first five months of 2016 was among the biggest in the European Union. Prices for food and non-alcoholic beverages in Lithuania in 2015 were among the lowest across the European Union (EU), figures from the EU statistical office Eurostat showed on June 15th. Banks operating in Lithuania and branches of foreign banks posted a profit of 61 million euros in the first quarter of the year 2016, up by 7.5% from 56.8 million euros in the January-March period of 2015. Lithuania's Baltkalis, the Baltic dealer of fertilizers manufactured by Belarus fertilizer producer Belaruskali, in 2015 saw its revenue soar by 49% to 50.503 million euros year-on-year from 33.9 million euros. Nordic building structure producer planning EUR 100 mln investment in Marijampole FEZ2016-06-12, 14:42One of the biggest Nordic manufacturers of building constructions plans to build a factory in Marijampole, Lithuania, with the investments possibly reaching up to 100 million euros. In May, prices for the total industrial production sold in Lithuania increased by 1.5%2016-06-11, 10:43Statistics Lithuania informs that in May 2016, against April, prices for the total industrial production sold increased by 1.5, refined petroleum products excluded – decreased by 0.6%. |
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