EconomyState Company Klaipedos Nafta net profit for the 3 months of 2015 amounts to EUR 4,473,000 or higher by 124% when compared to the same period of 2014 – EUR 1,997,000. EUROC Lithuania celebrates the fifth birthday of the establishment. Within the past 4 years, EUROC expanded more than 5 times from the initial plan of 250 employees in 2010 to more than 1,300 employees today (2015 April). During this time, Western Union's (WU) centre in Lithuania has experienced the strongest growth in global WU scale. In the first quarter of the year 2015, most credit unions made a profit to substantially improve their performance year on year; however, the quality of loans deteriorated. The ratio of specific provisions against loans, formed by credit unions, to loans increased, while non-performing loans, according to 1 April 2015 data, accounted for more than a fourth of total loans. On May 26 Air Lituanica reached an agreement on the passenger transportation with Air Baltic also for period May 30 - Jun 5 (inclusive). Passengers flying on May 30 already received information about the flights. Passengers flying on May 31 - June 5 will get a reservation messages to the e-mail about the availability of flights with Air Baltic and should contact Air Baltic customer service center for a new route choice. Air Baltic accept Air Lituanica passengers on BT flights from and to Amsterdam, Brussels, Prague, Munich, Paris, Billund, Stockholm, Vilnius, Tallinn, Hamburg. Ryanair, Europe's No.1 low fares airline today (May 26) announced a full year 2014 net profit of €867 mln, ahead of previous guidance. Average market price of electricity in Latvia and Lithuania increased by 13% last week2015-05-26, 15:15Last week, the average price of electricity in Latvia and Lithuania increased to EUR 40.87 per megawatt hour (Mwh), which is 13% more than in the previous week, according to Latvenergo's information on electricity prices on the energy exchange Nord Pool Spot. According to the provisional data of Statistics Lithuania, in I quarter 2015, accommodation establishments received 415.5 thousand guests, or by 5.1% more than in the same quarter of 2014. The number of tourists from the EU countries totalled 106 thousand (by 18.2% more than in the same quarter of 2014), from non-EU countries – 103.5 thousand (by 14.9% less). Lithuania has been recognized as one of the leaders in the EU for growth in innovation in a new European Commission report. The report, called the Innovation Union Scoreboard, uses 25 different indicators to compare the capacity for innovation of different EU member states. It identified Lithuania as a rapidly developing business location for research and development. Rimantas Sinkevicius, minister of transport and communications of Lithuania, during the meeting held in Astana with the First Vice-Minister for Investment and Development of the Republic of Kazakhstan Janis Kasimbet, expressed Lithuania's position on bilateral cooperation in the field of transport and further prospects of its development. Statistics Lithuania informs that in April 2015 industrial production totalled EUR 1.55 billion at current prices and, compared to March, decreased by 2% at constant prices, seasonally and working day adjusted – increased by 3.4%. In January–April 2015, industrial production totalled EUR 6.0 billion at current prices and compared to the same period of 2014, grew by 3.6%. |
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