EconomyEuro 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%. Lithuania's FinMin doesn’t reject opportunity of minimal monthly salary increase in 20152014-03-06, 13:30Lithuania's Minister of Finance Rimantas Sadzius said that the trilateral council was not considering the issue related to the minimal monthly salary increase up to EUR 300 or LTL 1036; however, according to him, such an opportunity existed. Lithuanian Shipping Company's income grows in 20132014-03-05, 17:09The Board of the Lithuania-based shipment company Lithuanian Shipping Company (LSC) had income in amount of 92.3 million litas (26.7 million euros) during January-December, 2013, and, if compared to the income of year 2012 – 83.9 million litas (24.3 million euris), it increased by 10%. The year 2013 was successful for Klaipeda Seaport2014-03-04, 16:27The year 2013, activities of the Klaipeda State Seaport brought 375 million litas to the state budget. New biofuel boiler-house in Vilnius expected to cheapen heat cost by 22%2014-03-03, 14:07Vilnius City Municipality has introduced a plan how to cut heat cost by 22% and achieve the lowest price in the country. Heads of the city have decided that it is necessary to modernize Vilnius Power Plant 3 (Combined Heat and Power Plant – TEC-3) and to build an additional steam boiler fired by biomass. |
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