EconomyInvestment strategists have unanimously reported a considerable increase in popularity of diverting investment in real estate in Lithuania – the need to invest in real estate has been signalled by the prospering investment fund market intended for informed investors over the past 18 months since changes in market regulation. Lietuvos Energijos Gamyba (Lithuanian Energy Production, or LEG) has switched the Elektrenai power plant's 455-megawatt unit on after the NordBalt power interconnection with Sweden went offline on April 14th, sending electricity market prices higher. Lithuania's economic growth will stand at 3.3% in 2016 and will be the fastest in the Baltic States, Swedbank analysts say, adding that the country's economy should develop by further 3% in 2017. Lithuania records Europe's 4th steepest increase in new car registrations in March2016-04-15, 14:31New car registrations in Latvia increased 25.5% in March 2016, which is the fifth steepest growth in Europe, according to the latest report by the European Automobile Manufacturers Association's (ACEA). Lithuania was even 4th. German-owned discount supermarket chain Lidl on April 14th opened a logistics center close to Lithuania's second-biggest city of Kaunas as it prepares to launch retail operations in Lithuania. Lithuanian companies were last year as never before active in investing in Sweden, Verslo Zinios business daily cited experts as saying. Lithuania, which lost the Russian market almost two years ago, has exported its first shipment of meat products to the United States, Prime Minister Algirdas Butkevicius said on April 12th. Swedbank Lithuania's chief economist expects that inflation in the country will continue to accelerate as rising wages are driving services prices up. Statistics Lithuania informs that, based on provisional data, in 2015, the value added per hour actually worked in the whole economy amounted to, on average, EUR 13.4 at current prices, which is by EUR 0.2 less than in 2014. The gross value added per person employed amounted to, on average, EUR 24 976. Vitas Vasiliauskas, board chairman of the central Bank of Lithuania, will head the bank for another five years. |
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