EconomyStatistics Lithuania informs that construction input prices in August 2014, against July, increased by 1.1%. Over the year (August 2014, against August 2013), construction input prices increased by 2.3%. Turnover of retail trade and catering enterprises in Lithuania decreased by 1.1% in August2014-09-29, 12:13Statistics Lithuania informs that, based on provisional data, in August 2014, the turnover (VAT excluded) of retail trade enterprises* amounted to LTL 2698.4 million; against July, it decreased by 1.1% at constant prices (seasonally adjusted – by 0.1%). Lithuania has a proven track record in PPP's, ranking 1st in Eastern Europe for the comprehensiveness of its PPP regulatory framework. Invest Lithuania intends to build on that experience going forward. Prime Minister Algirdas Butkevicius says that Lithuanian consumers are expected to pay 10-20% less for heating, because of the previous overpayment to the Russian gas giant Gazprom and the related rebate. The Government has decided to increase the minimum monthly wage to LTL 1,035 (EUR 300) and the minimum hourly wage to LTL 6.27 (EUR 1.82) from 1 October, 2014. Lithuania Post, one of the largest companies in the country, has implemented an up-to-date IT system that will ensure smooth work of the company and higher quality level of the services provided. For the purpose of this modern centralized IT troubleshooting management and solution monitoring system, the company has made an investment of LTL 250 thousand. Lithuanian Mint has already minted about half of the Lithuanian euro coins planned for this year - 97 million pieces. This is about one quarter of the estimated amount to be issued in two years' time. According to the head of the Bank of Lithuania, coins have landed in stores. In the second quarter of the year 2014, compared to the first quarter, housing prices in Lithuania grew by 4.1%, according to the estimates of Statistics Lithuania. Although preliminary data suggest that the deficit of the social security fund "Sodra" is decreasing, the debt of the state-owned company is still increasing dangerously. President of Lithuania Dalia Grybauskaite is submitting legislative amendments under which investment in strategic economy sectors and territories in the vicinity of strategic objects would be permitted only following an extensive assessment whether the activities of the potential investor do not pose a threat to the national security. |
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