EconomyPrices of 39 of 100 homogenous consumer goods, services rise in Lithuania in October2014-11-13, 12:42After Statistics Lithuania evaluated prices of 100 homogenous consumer goods and services it transpired that 39 goods and services became more expensive, 48 became cheaper, while prices of 13 goods and services did not change. Gas price in Lithuania to increase by EUR 29 per thousand cubic metres due to LNG terminal2014-11-12, 16:41In 2015, natural gas price in Lithuania will grown by LTL 102 (EUR 29.5) per thousand cubic metres due to Klaipeda's Liquefied Natural Gas (LNG) terminal. Norwegian Stansefabrikken’s strong growth brings jobs, higher salaries to Lithuanian Ukmerge2014-11-11, 14:03Orders are coming in thick and fast at Norwegian capital company Stansefabrikken's factory, located in the Lithuanian town of Ukmerge. The company forecasts growth of 10-15% and its turnover should reach EUR 21 million. 63 credit unions operating under the Lithuanian Central Credit Union (Lietuvos Centrine Kredito Unija – LCKU) earned LTL 183,000 (EUR 53,000) in profit in the first three quarters of 2014. In the first three quarters of 2013 they recorded a LTL 5.5 million (EUR 1.6 million) loss. State controlled company Klaipedos Nafta during October 2014 reloaded 498,000 tons of oil products into its storage tanks, greater by 35.0% than during October 2013, when 369,000 tons were reloaded. During ten months of 2014 the company reloaded 4.39 million tons of oil products into its storage tanks, by 14.7% lower than during ten months of 2013. The European Commission's autumn forecast projects weak economic growth for the rest of this year in both the EU and the euro area. Real GDP growth is expected to reach 1.3% in the EU and 0.8% in the euro area for 2014 as a whole. Growth is expected to rise slowly in the course of 2015, to 1.5% and 1.1% respectively, on the back of improving foreign and domestic demand. An acceleration of economic activity to 2.0% and 1.7% respectively in 2016 is expected to be driven by the strengthening of the financial sector (following the comprehensive assessment by the European Central Bank and further progress towards the Banking Union), as well as recent structural reforms starting to bear fruit. Talks to be held in Lima next month should enable global partners to reach an ambitious climate agreement in Paris in 2015, so as to keep the world on track for a sub-2°C climate warming scenario, said the Environment Committee in a resolution voted on Wednesday. MEPs reiterated the pledge by the EU and its member states to step up contributions to the UN Green Climate Fund so as to mobilise USD 100 billion per year by 2020, and called on other donors to play their part too. With the beginning of the year 2014, 330 post offices will exchange the litas to the euro free of charge for a period of 60 calendar days. In relation to this process, Lithuania Post will employ 75 employees throughout the country. On 31 October 2014, subsequent to obtaining the required consents and approvals from market regulators, PZU SA has finalized its contract with the RSA Group to purchase the Lithuanian company doing business as Lietuvos Draudimas and the Estonian branch of Denmark's Codan Forsikring A/S. Invalda LT, one of the leading companies in Lithuania investing in other businesses and managing assets, together with partners has signed the Finasta group Share Purchase Agreement. |
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