EconomyAs business opportunities with Russia face challenges, some Lithuanian haulers have turned to Europe while others hope to discover possibilities in Turkey. Lithuanian National Road Carriers Association (Linava) discussed cooperation opportunities with Turkey's Road Transport Inspectorate. Prime Ministers of Lithuania and Kazakhstan have opened a business forum in Astana2015-05-20, 10:07On Tuesday, at the opening of Lithuania–Kazakhstan Business Forum in Astana, Prime Minister Algirdas Butkevičius has expressed his delight about a large delegation of almost 80 business representatives, who have accompanied the official delegation of Lithuania to Kazakhstan. The surplus on the balances of services and secondary income (EUR 172.4 million and EUR 57.8 million) in Lithuania did not offset the deficit on the balances of foreign trade and primary income (EUR 218.8 million and EUR 109.3 million), which led to the build-up of a EUR 97.8 million current account balance (CAB) deficit in Lithuania's balance of payments. Estonia's economic growth that is a bit slower compared to its neighbours should in the coming years pick up steadily, reaching the same level as Latvia and Lithuania by 2017, predicts the DNB. In April 2015, imports of natural gas to Estonia reached 41 million cubic meters; the gas bought by new gas market participants from Lithuania formed 27% of total imports, Estonia's main grid company Elering announced. Geopolitical tensions overshadow concerns of financial institutions about low interest rate risk in Lithuania2015-05-17, 15:45Financial institutions operating in Lithuania consider the risk arising from the prolonged period of low interest rates as increasingly significant, although, with the persisting geopolitical tensions, the risk related to a likely exacerbation of Russia's and Ukraine's conflict and related consequences has been assessed as the major one, shows the survey conducted by the Bank of Lithuania. In Q1, the number of building permits issued and buildings completed increased in Lithuania2015-05-16, 15:13Statistics Lithuania informs that, based on the data from the Building Permits and State Construction Supervision Information System the Republic of Lithuania (IS) Infostatyba, in I quarter 2015, against I quarter 2014, the number of building permits issued increased by 1.6%, of which for the construction of residential buildings – by 2.8%. Lithuania-China Business Council, Beijing's Council for Promotion of International Trade sign coop agreement2015-05-15, 14:41The Lithuania-China Business Council under the Lithuanian Confederation of Industrialists have a signed a cooperation agreement with Beijing's Council for the Promotion of International Trade. Lithuanian Finance Minister Rimantas Sadzius attended the Economic and Financial Affairs Council (ECOFIN) in Brussels on Tuesday. The council discussed the state and progress of negotiations with the European Parliament on the European Fund for Strategic Investments (EFSI). Lithuania is pleased that its proposals have been taken into account when negotiating over EFSI's regulations. Financial position of Lithuanian enterprises has improved; the appetite for borrowing has been increasing2015-05-13, 12:31While currently enterprises have enough own funds for developing their businesses, in the future most of the enterprises planning development intend to also use other sources of funds, said the Bank of Lithuania presenting a survey of enterprises. |
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