EconomyTurnover of retail trade and catering enterprises in Lithuania rose by 19.2% in December2016-01-28, 16:52Statistics Lithuania informs that, based on provisional data, in December 2015, the turnover (VAT excluded) of retail trade enterprises* amounted to EUR 869.0 million; against November, it increased by 19.2% at constant prices (seasonally and working day adjusted – by 0.3%). The Lithuanian Finance Ministry on January 25ht raised 40 million euros by reopening an issue of five-year government securities, falling due in 1,582 days, at an average yield of 0.603%. Swedbank has lowered its gross domestic product (GDP) growth forecast on Estonia for 2016 by 0.3 percentage points to 2.3 Swedbank in Lithuania has left unchanged its November forecast for this year's GDP growth at 3.3%. President Dalia Grybauskaitė, currently attending the World Economic Forum in Davos, discussed business development opportunities in Lithuania with global business leaders. Lietuvos Energija (Lithuanian Energy) has purchased two companies – Eurakras and Tuulueenergia – that own wind farms in Lithuania and Estonia in two deals worth 28 million euros in total, marking the state-owned energy group's first investment abroad. Large Baltic banks, which have to comply with more stringent e-banking security requirements from this year, are working on a common solution that will enable their customers to make online payment securely, president of the Lithuanian Banks' Association (LBA) has said, adding the banks involved are now assessing potential proposals for a future application and the solution might possibly be worked out by the end of the year. Consolidated revenue of Acme Group, the leading Lithuania's ICT equipment wholesaler and movie distributor, in 2015 rose by 38.8% to 335.05 million euros, from 241.31 million euros in 2014. Lietuvos Gelezinkeliai (Lithuanian Railways) will cooperate with KTZ Express, a subsidiary of Kazakhstan Temir Zholy (Kazakhstan Railways), in an effort to attract more freight from Kazakhstan to Lithuania and further west. The Lithuanian Finance Ministry on January 18th, 2016 raised 8 million euros by reopening a ten-year government bond, falling due in 3,213 days, at an average yield of 1.416%. Member States agreed on a Commission proposal to invest €217 million in key trans-European energy infrastructure projects. |
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