EconomyOn Thursday, the Seimas in Lithuania adopted the 2015 state budget, which was revised by the Government. According to unaudited data, the state-owned public limited company Lietuvos paštas (Lithuania Post) has earned LTL 2.5 mln of net profit within 9 months of the current year. Net profit of Klaipedos Nafta for the 9 months of 2014 amounted to LTL 18 million (EUR 5.2 million) or less by 34.8% if compared to the same period of 2013 with LTL 27.6 million (EUR 8 million). The total consolidated City Service revenue from continued operations for the nine months of 2014 was LTL 485.9 million (EUR 140.7 million), an increase by 36% over same period in 2013. Since 1 November, 20154 Lietuvos Dujos AB has been functioning as the operator of gas distribution network and is responsible for the gas distribution infrastructure, its maintenance and development. The Government of Lithuania has approved the revised 2015 draft budget which still focuses on the social area. Klaipedos Nafta, the developer and operator of the Lithuanian liquefied natural gas (LNG) terminal, on 27 November received a Natural Gas Regasification License from the National Commission for Energy Control and Prices. In 2013, the largest increase in nominal GDP per capita observed in Vilnius and Kaunas counties2014-11-26, 11:14Statistics Lithuania informs that, based on non-final data, in 2013, gross domestic product (GDP) increased in all counties. In 2013, the largest increase in nominal GDP per capita was observed in Vilnius and Kaunas counties – by 6.6 and 6.4% respectively; nominal GDP per capita in the whole economy grew by 6%. Lithuanian Minister of Economy Evaldas Gustas says business environment will continue to be improved, but does not predict how Lithuania will be ranked in the World Bank's Doing Business ranking. On 19 November, the Supreme Court of the Republic of Lithuania adopted decision by cassation in cases regarding the legal obligation of the state of buyout of the shares of the expired legal entity AB Lietuvos Elektrine of the minority shareholders and the correct pricing of these shares. |
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