EconomyIn 2015, a 5.9 million ton harvest of cereal crops is projected in Lithuania, among which – 5.5 million tons of cereals, predicts the Lithuanian Institute of Agrarian Economics. The Statistics Department of the Bank of Lithuania reports that in August 2015 the Bank of Lithuania's holdings of debt securities increased by EUR 259.0 million, while loans to euro area residents decreased by EUR 50.2 million. FL Technics, a global provider of one-stop-shop aircraft maintenance, repair and overhaul services, has successfully finished a two-year long business development project. Over the period of project implementation, the company invested almost EUR 6 million into high tech maintenance equipment and created more than 200 new jobs in the company's MRO centre in Kaunas, Lithuania. The Ministry of Agriculture has reached an agreement with the Lithuanian Central Credit Union (LCKU), its members and the Agricultural Credit Guarantee Fund over exceptional credit conditions for dairy producers so they do not face the lack of working capital. Danske personal customer business in Latvia and Lithuania to be handed over to Swedbank2015-09-25, 16:23Danske Bank has signed a deal with Swedbank in Latvia and Lithuania on handing over its personal customer business to Swedbank. The drilling of the Tidikas-1 exploration well on the Raseiniai licence onshore Lithuania has been successfully completed by the energy company Tethys Oil. Lithuanian Minister of Transport and Communications Rimantas Sinkevicius presented opportunities for Lithuanian-Chinese cooperation at the 2nd China (Lianyungang) Silk Road International Logistics Expo, which was opened yesterday. The surplus balances of services and secondary income in the second quarter of 2015 did not offset the increasing foreign trade and primary income balances deficits; thus, a current account deficit of EUR 517.8 million built up. The current account deficit for the first half year amounted to EUR 872.9 million. Lithuania will seek to take full advantage of opportunities offered by strategic investment fund2015-09-21, 14:51Lithuanian Prime Minister Algirdas Butkevicius has met with Jyrki Katainen, vice president of the European Commission, responsible for jobs, growth, investment and competitiveness to discuss the Strategic Investment Fund (EFSIS) and its implementation, as well as the Baltic energy security. EU Commissioner Vytenis Andriukaitis, also attended the meeting. The average electricity price in the Nord Pool Spot Lithuanian bidding area was stable on 7-13 September 2015 and stood at EUR 42 per MWh, i.e. it was lower by a third compared to the same period of 2014. |
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