EconomyStatistics Lithuania informs that in March 2015, compared to February, construction input prices decreased by 0.5%. The change was mainly influenced by a 1.3% decrease in wages and salaries. Over the year (March 2015, against March 2014), construction input prices increased by 1%. One of the world's largest insurance companies – American International Group (AIG) – has established a Service Center in Vilnius, Lithuania. As an integral part of AIG's network covering Europe, Middle East and African markets, the Vilnius AIG center will service insurance policies, manage claims and oversee benefit payouts. Fertiliser manufacturer AB Achema would like the state to take into consideration the industrial situation when making decisions. AB Achema increased its sales and exports in 2014, but nonetheless incurred losses. The Ministry of Finance has prepared Lithuania's first ever Stability Programme, an accountability document of the Euro Area countries on implemented and planned budget policies. Data of Lithuania's Ministry of Finance shows that the country's general government deficit in 2014 accounted for 0.7% of GDP and was by 1.9 percentage point smaller than in 2013. Lithuania's largest retail chain Maxima is planning to hire around 1,000 new employees for the upcoming summer season 2015. This is by a fifth more than the chain employs during off-season. Despite the Ukraine conflict, German companies continue to believe in the good prospects of the three Baltic markets. Nine out of ten German investors participating in the recent survey of the AHK Baltic States would re-invest in the region, reports BC Invest Lietuva. In the first quarter of 2015, furniture manufacturer AB Vilniaus Baldai posted revenue of EUR 16.5 million, while net profit amounted to EUR 818,000. According to preliminary data, unaudited net profit earned over the first quarter of the year 2015 by AB SEB Bankas is EUR 18.4 million and by AB SEB Bankas Group is EUR 18.2 million. The result has been calculated in accordance with the requirements set by the acts of the Bank of Lithuania and legal acts of the Republic of Lithuania. Swedbank has increased its average inflation forecast for Latvia in 2015 to 0.8%. Swedbank's economic growth forecast for Latvia remains unchanged - economy to grow 1.9% in 2015. The economic growth projections for the other Baltic countries are similar to that for Latvia – 2.1% in Estonia and 2.3% in Lithuania. |
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