EconomyLithuanian President Dalia Grybauskaite attended a festive event to mark the introduction of the euro. She welcomed the participants of the event and thanked all those who had contributed to euro adoption in Lithuania. Pursuant to preliminary data as of the 6th of January of the year 2015, the throughput of Klaipeda Port in January – December of 2014 increased by 9,0% – totally 36,41 mln tn of seaborne cargo, i.e. more by 3,0 mln tn comparing with the corresponding period of the previous year were handled. In November 2014, the build-up of the current account balance (CAB) in deficit (EUR –280.9 million, or LTL –969.8 million) was driven by a significant increase in the trade balance deficit and decreased negative primary income balance, the Bank of Lithuania said. Lithuania adopted the euro on 1 January 2015, thus becoming the 19th member of the euro area. With the dual circulation period ending on 15 January, 2015, a crucial part of the changeover will be completed this week, the European Commission said in a report. State company Klaipedos Nafta during December 2014 reloaded 640 thousand tonnes of oil products into its storage tanks, greater by 68.4% than during December 2013, when 380 thousand tonnes were reloaded. Eleven credit unions participating in the currency exchange programme exchanged LTL 4.3 million to EUR 1.25 million and serviced a total of 3,000 people from 1 to 7 January, 2015. Vitas Vasiliauskas, governor of the Bank of Lithuania, has announced that on Friday, January 9th, Lithuania's cash circulation in the euro was for the first time higher than that in the litas. Statistics Lithuania informs that in December 2014, compared to November, prices for consumer goods and services decreased by 0.6%. In December, annual (against December 2013) deflation stood at 0.3%. At the end of December 2014, Lithuania's official reserve assets amounted to EUR 7.2 billion (LTL 24.8 billion),increasing by EUR 697.8 million, or 10.8 percent over the reporting period. The unaudited year 2014 retail turnover (including VAT) of Apranga Group reached EUR 183.5 million (LTL 633.5 million), and has increased by 8.5% comparing to 2013, the Group said in a report. |
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