EconomyLithuanian companies allocated EUR 3.7 mln to develop export2013-12-16, 18:53105 Lithuanian companies were allocated LTL 12.8 million (EUR 3.7 million) from the European Union Structural Funds. The support provides an opportunity to participate in international exhibitions, fairs, business missions and make new contacts needed for export development. Mediterranean Shipping Company to establish dry port in Vilnius2013-12-16, 11:04Major container line company MSC (Mediterranean Shipping Company), a part of TIL Group which owns the majority of Lithuanian company Klaipedos Smelte shares, intends to transport more cargo by railways. MSC Vilnius, the branch of the company in Lithuania, has signed a letter of intent with Lithuanian Railways (Lietuvos Gelezinkeliai) to establish a large container terminal in Vilnius Intermodal Terminal (VIT) in the nearest future. Clarification in the first sentence regarding amount of the loan expressed in EUR (81.0 instead of 81.094 million), clarification of the borrowing terms, and clarification of the fact that in such a way the EIB will finance up to 50% of funds related with the implementation of the LNGT project under the Agreement. Lithuanian Presidency reaches political agreement on bank bailout rules2013-12-14, 16:03In a major step for the Banking Union, the Lithuanian Presidency has on December 11 in Strasbourg reached a political agreement with the European Parliament on the directive setting out the bank bailout rules and paving way for the creation of the Single Resolution Mechanism. The Seimas has approved the budget for 2014. Comment of the chairwoman of EAPL faction2013-12-14, 12:20Today Lithuanian Seimas has approved a state budget for the next year. It was the third reading of the budget project at a plenary session of the Seimas. Lithuania Post launches operations in new logistics centre in Klaipeda2013-12-13, 18:12Lithuania Post has moved its Klaipeda logistics centre to new facilities at Mainu Street. The logistics centre located at Vilnius Road will sort postal and courier mail items. The Baltic countries take over Scandinavian business culture2013-12-12, 11:38President Dalia Grybauskaitė opened the Swedish-Baltic Business Forum. It is the first such event in the Baltic States bringing together more than 200 business leaders from Sweden, Lithuania, Latvia and Estonia as well as major Swedish investors in the region. The event is focused on experience-sharing, discussing economic prospects of the region, finding new business contacts, and presenting Lithuanian start-ups. Foreign trade deficit of Lithuania amounted to LTL 0.6 bln in October2013-12-11, 13:10Statistics Lithuania informs that, based on non-final data obtained from customs declarations, Intrastat reporting and VAT returns data, exports in October 2013 amounted to LTL 7.9 billion, imports – LTL 8.5 billion. Exports of goods of Lithuanian origin amounted to LTL 4.6 billion. The foreign trade deficit of Lithuania amounted to LTL 0.6 billion. Klaipedos Nafta prepares for allocation of LNG terminal's capacity2013-12-10, 20:38Lithuania's company Klaipedos Nafta is preparing for the allocation of the Liquid Natural Gas (LNG) terminal's capacity in the second half of 2014 and is striving to fix the interest of the potential LNG terminal's consumers related to the scope of the LNG terminal's services from December 2014. ECOFIN eyes agreement on Single Resolution Mechanism2013-12-09, 11:52The Lithuanian Presidency, approaching its finish line, expects decisions on key elements of Banking Union at the ECOFIN Council meeting on December 10 in Brussels. |
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