EconomyPayouts to participants of pension funds are increasing every year in Lithuania. Participants of pension funds, or their relatives who inherited the rights to payouts, were paid EUR 14.3 million in 2014. With the purpose of expanding and diversifying export markets Lithuania's industrialist are planning seven business mission for 2015, among them – Foreign Minister Linas Linkevicius' led visit to Australia. The Presidium of the Lithuanian Confederation of Industrialists (LPK) has confirmed on Tuesday that industrialists welcome the Government's plans to increase the minimum monthly wage once again in July 2015. Prime Minister Algirdas Butkevicius announced on Friday that a 5,000 cubic metre onshore liquefied natural gas (LNG) terminal will be constructed in Klaipeda. In addition, a small vessel for transportation of gas will be purchased. Statistics Lithuania informs that, based on non-final data obtained from customs declarations, Intrastat reporting and VAT returns data, exports in December 2014 amounted to EUR 1.9 billion (LTL 6.6 billion), imports – EUR 2.1 billion (LTL 7.3 billion). Over the month (December 2014, against November), exports decreased by 11.2, imports – by 16.3%. The Ministry of Agriculture in Lithuania has prepared payment rules in order to provide financial aid to farmers growing beef cattle and sheep. The majority of the winners in Lithuania's first ever 'Top Employer' awards, held in Vilnius this week, were foreign investors. The best employers in Lithuania of 2014, chosen by means of a poll on the CV-Online website, were announced at a black-tie ceremony, with foreign companies dominating a number of categories. Disproving the widely popular opinion, startups in Lithuania are no longer a sphere for students. The number of entrepreneurs with higher education has doubled in the last two years, while their average age has increased by two years. The gross profit of the Lithuanian subsidiary of the largest Danish group of financial services Danske Bank A/S in 2014 was LTL 36 million (EUR 10.42 million), the branch said in an annual report. Statistics Lithuania has announced that trade turnover in Lithuania's markets totalled EUR 85.5 million in the fourth quarter of 2014 and, compared with the fourth quarter of 2013, it increased by 6.6% at constant prices. |
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