EconomyUkio Bankas bankruptcy administrator closes Hearts sales deal2014-05-11, 16:35Ukio Bankas bankruptcy administrator and Scottish company BIDCO signed the sales contract of Scottish football club Hearts and its managing company Heart of Midlothian Plc. In March, exports in Lithuania increased by 4.9, imports – by 12.4%2014-05-10, 10:16Statistics Lithuania informs that, based on non-final data obtained from customs declarations, Intrastat reporting and VAT returns data, exports in March 2014 amounted to LTL 6.5 billion, imports – LTL 7.3 billion. Over the month (March 2014, against February), exports increased by 4.9, imports – by 12.4%. Revenue of BAIP Group in Q1 increases by 16%2014-05-09, 11:29INVL Technology, which was split-off from Invalda LT on April 29, 2014, owns 80% of BAIP Group shares. In the first quarter of 2014 consolidated revenue of BAIP Group according to unaudited data increased by 16% as compared to the same period last year and amounted to 10.122 million litas, the Lithuania-based financial company Invalda said in a statement. Government to bail out Orlen Lietuva with assistance of Klaipeda Oil, Lithuanian Railways2014-05-08, 13:35Lithuania's Prime Minister Algirdas Butkevicius says that the Government will try to rescue petroleum refining company Orlen Lietuva, which is going through a difficult period, with the assistance of companies Klaipeda Oil and Lithuanian Railways. Lithuania's GDP growth highest among EU countries in decade2014-05-07, 11:38Ten years ago today, the European Union expanded the most in its history. A community with 15 states became one of 25 (it now has 28 members). The expansion was mainly eastward, absorbing eight countries formerly controlled by or part of the Soviet Union, and unleashing big waves of migration to the west. But the EU also acquired two small Mediterranean states: Cyprus and Malta. The Economist has examined how have all ten fared since then. Lithuania’s Grigiskes earns 13.1% more turnover in Q12014-05-06, 08:37During the three months of 2014, the Lithuania-based group of paper manufacturing enterprises consisting of Grigiskes, Baltwood UAB, Klaipedos Kartonas, Mena Pak PAT, and Klaipeda Recycling UAB achieved the consolidate sales turnover of 86.2 million litas, which was ten million litas (EUR 2.9 million), or 13.1% more than during the three months in 2013, the company said in a statement. Lithuania should sustain first quarter GDP growth rate2014-05-05, 09:52On April 30th, Statistics Lithuania released 1st quarter GDP estimate. On a year-on-year basis GDP increased 2.9%. This reading was generally in line with the expectations of DNB Bankas. In the publication "The Euro is coming to Lithuania" — replies to the most popular questions2014-05-04, 14:27The Bank of Lithuania has issued a publication by which it is aimed to make the public more knowledgeable about the adoption of the euro, euro banknotes and coins with the Vytist extending the history of national currency. It is expected that the publication will encourage the public to take an interest in the euro adoption and help prepare for this important event. EcoMin: good assessment by German companies in Lithuania will encourage investment2014-04-27, 11:05Almost a half of Lithuania-based German companies say they are planning to increase investment and the number of employees in 2014, while 9 from 10 German investors would chose Lithuania once again, a poll carried out by German-Baltic Chamber of Commerce in Estonia, Latvia and Lithuania has revealed. Lietuvos bankas: well-functioning single market needs an integrated financial regulation and management system2014-04-26, 12:27Financial sector regulation, oriented towards the changing market conditions, crisis prevention and management, an efficiently functioning banking union and structural transformation are essential preconditions for the strengthening of both Lithuania's and the whole European Union's economy and for fostering convergence, i.e. the economic convergence of the member states, claims Vitas Vasiliauskas, Chairman of the Board of the Bank of Lithuania. |
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