EconomyTrading in Invalda LT shares will be stopped from 23rd April2014-04-21, 15:36Invalda LT, one of the major Lithuanian investment companies, requests to suspend trading of the company's shares on NASDAQ OMX Vilnius Stock Exchange from 23 April 2014 due to the ongoing process of split-off of the Company, the company announced in a press release. PZU purchases RSA assets in Baltics and Poland2014-04-20, 16:09PZU SA has today reached an agreement, subject to regulatory and antitrust approvals, to purchase Lietuvos Draudimas AB in Lithuania, AAS Balta in Latvia, the business of the Estonian branch of Codan Forsikring A/S and Link4 Towarzystwo Ubezpieczen S.A. in Poland. The total aggregate consideration amounts to approx. EUR360m. The acquisitions are a key step in fulfilling PZU's strategy of international expansion. Gediminas Kirkilas, Deputy Speaker of the Seimas: Germany will support Lithuania’s entry to the euro area2014-04-19, 09:36"The German Bundestag will vote in favour of Lithuania's entry to the euro area in 2015. It is an ordinary procedure in the German Parliament, but our country greatly supports Lithuania's euro area membership," said Manuel Sarrazin, Spokesman of the Committee on the Affairs of the European Union of the German Bundestag at the meeting in Seimas held today. Wix has opened a new office in Vilnius2014-04-17, 12:41Wix, a global leader among website development platforms, has opened a new office in Vilnius. The plan is for the office to employ over 150 information technology (IT) specialists. Salaries in Lithuania are projected to rise by 5.8-6.9% in 2014-20172014-04-16, 19:29Lithuanian Government will continue to carry out responsible fiscal policy. On Wednesday the Cabinet of Ministers has approved convergence programme for 2014 by which Lithuania commits to maintain sustainable compliance with the Maastricht criteria in 2014-2017, and to be prepared for the euro adoption in early 2015. In Q1, apartment and housing transactions in Lithuania rocketed to the record levels2014-04-16, 14:25The housing sale results of Q1 2014 in Lithuania exceeded the expectations of most market players. According to data from the Centre of Registers, in Q1 2014 the number of transactions involving houses in Lithuania was 27% higher compared to the same period of 2013. The number of apartment transactions in the same period was 48% higher than a year ago. Lithuania's portfolio investment totals 6 mln litas in February2014-04-15, 11:36The positive flow of net portfolio investment amounted to 6 million litas in February, while in January-February 2014 – almost two billion litas, the Statistics Department of the Bank of Lithuania said in a statement. On early Friday morning laying of power cables started at the shores of the Baltic sea. It is one of the fundamental construction stages of the international 450 kilometre long electricity link NordBalt, between Lithuania and Sweden. Swedbank to finance construction of largest wind farm in Lithuania2014-04-14, 12:51Bank Swedbank and wind farm developer Amberwind have signed a long-term funding agreement worth LTL 357 million (EUR 103 million) for the construction of the largest in Lithuania 73.5 megawatt wind farm in Taurage county. Cargo turnover of Klaipeda port in March grew by 12.9%2014-04-13, 11:09In March 2014, the results of cargo turnover in Klaipeda Seaport were quite near the best cargo handling results achieved throughout the entire period of the history of the Seaport – 3 234,3 thou. tn; the best month through the entire history of the Seaport was October of 2011 – 3 298,2 thou. tn. |
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