Economy

Economy

ORLEN Lietuva financial performance in H1 2013 significantly improved comparing to the same period of 2012. EBITDA in LIFO increased by USD 15 million Y/Y, from USD 28 million in 2012 to USD 43 million in 2013. Net cash flow generated from operating activities was above the last year level by USD 251 million and can be explained by the reduction in working capital.

Friday, July 19, Vilnius - President Dalia Grybauskaitė met with the leaders of BusinessEurope, Emma Marcegaglia and Markus J. Beyrer, to discuss the economic situation in the Old Continent. Eurobusiness is the main business organization in Europe which represents 20 million companies from 35 countries. During their meeting with the President of Lithuania, Emma Marcegaglia and Markus J. Beyrer outlined the key problems and challenges faced by the business community and presented their recommendation to improve business conditions in Europe.

The director of International Monetary Fund (IMF), Christine Lagarde, and the chairman of the board of the European Central Bank Jorg Asmussen started their two day visit in Lithuania.

 

 

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