EconomyStatistics Lithuania informs that, based on provisional data, in July 2015, the turnover (VAT excluded) of retail trade enterprises* amounted to EUR 816.7 million; against June 2015, it increased by 5.9% at constant prices (seasonally and working day adjusted – remained unchanged). Lithuanian banks' positions in payments market being taken over by competing institutions2015-08-29, 17:15In the second quarter of the year 2015, Lithuanian payment institutions strengthened their positions both in the cash payments market and electronic payments market by taking over an increasingly larger share of them from commercial banks. United States officials have confirmed on the phone to the agriculture minister that Lithuania will receive permits to export meat products across the Atlantic. Falling stocks in China and other emerging markets will not have a major direct impact on Lithuania, whose export to India, China and the Southeast Asia amounts to less than 1% of the total export. What will pose more problems is the decreasing purchasing power in Russia and other countries of the Commonwealth of Independent States. Statistics Lithuania has reported based on preliminary data that in the second quarter of 2015 investments in tangible fixed assets in Lithuania amounted to EUR 1.4 billion and, compared with the second quarter of 2014, increased by 10%. Statistics Lithuania has announced that at the end of the second quarter of 2015 there were 13,400 job vacancies for salaried employees. At end-2014, financial and insurance enterprises accumulated EUR 41 361.4 mln of assets in Lithuania2015-08-25, 15:13Statistics Lithuania informs that an annual publication Statistics of Financial Enterprises 2014 has been released. On 18 August 2015, Siauliu Bankas has received a notification from the Bank of Lithuania stating that the Board of the Bank of Lithuania passed a resolution to agree with reorganisation of the bank Finasta AB merging it with Siauliu Bankas AB by acquisition. In July 2015, the average price for electricity in the Nord Pool Spot Lithuanian bidding area was 23% lower than at the same time last year, reaching EUR 44.3/MWh. Compared to June, the price of electricity rose by 4%, the Lithuanian electricity transmission system operator Litgrid AB reports. Statistics Lithuania informs that in July 2015 industrial production totalled EUR 1.6 billion at current prices and, compared to June, decreased by 0.2% at constant prices, seasonally and working day adjusted –increased by 0.6%. |
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