EconomyLithuania's industrial sewing and assembly company Be-Ge Baltic expects the construction of its new factory on the Klaipeda free economic area to be completed in May 2016 and plans to move to the new facility in July. The president of the Lithuanian Banks' Association says that Scandinavian-owned banks are no longer willing to invest in Lithuania due to low return-on-equity levels and warns that with banks cutting down on administrative expenses, the quality of their services declines. Lithuania's liquefied natural gas (LNG) and oil product terminals operator Klaipedos Nafta (Klaipeda Oil) said on March 7th that its total revenue for January though February 2016 rose by 10.8% year-on-year to reach 20.05 million euros. Lithuanian-owned charter carrier Small Planet Airlines is set to expand its aircraft fleet and plans to hire another 80 pilots by the summer, mostly for work in Poland, Germany, Britain and France. Promwad, an innovative technology developer and a pioneer of the Internet of Things in the CEE region, has announced that it is opening an office in the Lithuanian capital, Vilnius. The Belarussian independent electronics design house, which also manufacturers electronic devices and develops software for the likes of Fujitsu, Marvell and Texas Instruments, plans to use its Vilnius office to provide services to its clients in the EU. Construction on a 20-million-euro worth Marriott hotel in Palanga – the first hotel of the Marriott chain in the Baltic countries – should be launched in 2017 and finalized in the second half of 2018. Lithuania's state-owned energy holding company Lietuvos Energija (Lithuanian Energy), which controls the natural gas import and supply companies Litgas and Lietuvos Duju Tiekimas (Lithuanian Gas Supply), will participate in the prequalification procedure for Gazprom's natural gas auction for the Baltic countries and will decide if to take part in the auction when it knows what the minimum price is. In 2015, the net profit of the major banks in Lithuania fell by approximately one-fifth2016-03-02, 18:46One-off factors and continued quantitative easing in the euro area ate into the profit of Lithuania's banking sector in 2015. A total of 3,404 new cars were registered in Lithuania during the first two months of 2016, a rise of 19% from 2,856 a year earlier, Autotyrimai said on Tuesday, based on data from the state car registration company Regitra. Credit unions operating in Lithuania closed the year 2015 with a net loss of 614,660 euros, versus a net profit of 621,900 euros in 2014, due to a 2.315-million-euro loss in the fourth quarter, the Bank of Lithuania said on February 26th. |
|
© 2013 All rights reserved to the public enterprise ‘L24plius’. |