EconomyPort of Klaipeda to cooperate with largest US port2014-03-16, 12:32A cooperation and partnership agreement was signed between Klaipeda State Seaport and the Port of Huston, an inland port on Texas' Gulf of Mexico coast. Lithuania registers EU's fastest growth in employment in Q42014-03-15, 13:40The number of persons employed increased by 0.1% in both the euro area and the EU in the fourth quarter of 2013 compared with the previous quarter, Eurostat, the statistical office of the European Union, said. In the fourth quarter of 2013 against the third quarter of 2013, employment in Lithuania increased by 1.0%. Reckless increase in minimum monthly wage (MMA) does not determine increase in average monthly earnings in Lithuania; therefore, it may cause severe economic consequences, says Gitanas Nauseda, Advisor to the president of SEB Bank. New H&M store to be opened in Vilnius shopping centre GO92014-03-13, 13:41On March 29, the new Swedish retail-clothing store H&M will be opened in Lithuania's shopping centre GO9. Euro is not reason why investors are lining up at Lithuanian border2014-03-12, 12:48The IMF report indicates that Lithuania's next year's transition to the euro – the litas has been pegged to the euro at a fixed rate since 2002 – will not bring about any "visible" changes, but will provide a few macroeconomic benefits to the country. Zero inflation recorded in Lithuania in February2014-03-11, 11:31Statistics Lithuania informs that in February 2014, compared to January, just as in February 2013, compared to January 2012, zero inflation was recorded. In February 2014, compared to January, prices for consumer goods and services remained almost unchanged (minus 0.04%). Sales of Vilkyskiu Pienine increased by 52% in February y-o-y2014-03-10, 12:31The consolidated sales of the company for February 2014 amounted to 36.6 million litas (10.6 million euros) – by 52% more as compared to February 2013, the company said in a statement. Preliminary sales revenues of Klaipedos Nafta decreased by 28.7% in January-February2014-03-09, 14:53The preliminary sales revenues of SC Klaipedos Nafta during two months of 2014 comprise LTL 20.1 million (EUR 5.8 million) and are lower by 28.7% compared to the same period of 2013 (LTL 28.2 or EUR 8.2 million). Investment in tangible fixed assets in Lithuania grew by 12.3% in 20132014-03-08, 13:52In 2013, investment in tangible fixed assets within the territory of the country amounted to LTL 16.6 billion (EUR 4.7 billion) and, compared to 2012, grew by 12.3%. Bank of Lithuania: official reserve assets amounted EUR 5.9 bln2014-03-07, 18:33At the end of February 2014, official reserve assets amounted to LTL 20.4 billion (EUR 5.9 billion). Over the reporting period they declined by LTL 617.3 million (EUR 178 million), or 2.9%. |
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