EconomyThe 324.8 meter-long container ship "MSC Charleston", which arrived to the port of Klaipeda, has entered the history of the seaport of Klaipeda as the longest ship ever sailed to Klaipeda and marked the official start of the operation of the distribution centre (hub). During May 2015, SC Klaipedos Nafta reloaded 703 thousand tons of petroleum products into its storage tanks of Klaipeda oil terminal and Subacius fuel base (SFB), i.e. greater by 49.2% compared to May 2014, when 471 thousand tons were reloaded, the company said in a statement. With strengthening of payment institutions, market share of banks in field of transfers decreased further in Lithuania2015-06-07, 12:33In 2014, payment institutions in Lithuania strengthened their positions in the payments market. Having taken over from banks a few years ago the leader's role in terms of the number of cash payment transactions, last year they came to hold a larger market share of electronic transfers as well. There was an increase in the total number of electronic transfers, reported the Bank of Lithuania. Lithuanian banks: possibilities of residents, manufacturing companies to borrow improve2015-06-06, 15:55Commercial banks' assessment of the financial status of households and many business sectors in Lithuania is basically positive; according to their projections, in the future it will be easier to borrow for residents and companies within some sectors. The Norwegian company Devold, which is engaged in making knitwear, is building a new plant in Panevezys Free Economic Zone, Lithuania. Local government of Siauliai city is looking for foreign investors. They presented the Siauliai business climate to the Estonian ambassador and representatives of the Estonian Chamber of Commerce in Lithuania. Having assessed the impact of record-low interest rates on residents' expectations and solutions, the Board of the Bank of Lithuania has approved the updated Responsible Lending Regulations (RLR) that will mitigate the risk of over-indebtedness of residents. The Regulations were approved following consultations with credit market participants and will come into effect on 1 November 2015. In 2014, approximately a tenth of households with loans in Lithuania were late to pay tranches for 60 days and above, mostly – borrowers of consumer loans. On 29 May 2015, AB Linas board confirmed AB Linas consolidated interim financial reports of three months of year 2015 which are not checked by the auditors and prepared according to international financial accountability standards accepted by the EU. Bank of Lithuania identified the 'grey' zones, which don’t ensure proper protection of consumer interests2015-06-01, 12:14Having recently investigated the unit-linked life assurance market in several directions, the Bank of Lithuania puts forward for a public discussion proposals on how to deal with fundamental problems within this fast developing market. |
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