EconomyORLEN Lietuva demonstrates stable operations and constantly increasing of the sales2013-07-24, 16:39ORLEN Lietuva financial performance in H1 2013 significantly improved comparing to the same period of 2012. EBITDA in LIFO increased by USD 15 million Y/Y, from USD 28 million in 2012 to USD 43 million in 2013. Net cash flow generated from operating activities was above the last year level by USD 251 million and can be explained by the reduction in working capital. Modernization of public administration, especially – digitalizing of public procurement, can become a tool to foster competitiveness in Europe, stressed the EU Internal Market and Industry ministers during the Informal meeting of ministers of the EU Competitiveness Council (Internal Market and Industry) in Vilnius on 22–23 July. Banking union will strengthen EU internal market2013-07-23, 12:31President Dalia Grybauskaitė met with the European Commissioner for Internal Market and Services, Michel Barnier, to discuss the key tasks of the Lithuanian Presidency in strengthening the EU internal market. The focus of the meeting was on further progress in building a banking union. Lithuania's FinMin took part in the meeting in Moscow2013-07-22, 12:18Lithuanian Finance Minister Rimantas Sadzius took part in the G20 meeting of labour and finance ministers in Moscow on July 19th. The ministers discussed strategies to promote strong and sustainable economic growth while contributing to job creation. Successful business means strong and competitive Europe2013-07-19, 11:59Friday, July 19, Vilnius - President Dalia Grybauskaitė met with the leaders of BusinessEurope, Emma Marcegaglia and Markus J. Beyrer, to discuss the economic situation in the Old Continent. Eurobusiness is the main business organization in Europe which represents 20 million companies from 35 countries. During their meeting with the President of Lithuania, Emma Marcegaglia and Markus J. Beyrer outlined the key problems and challenges faced by the business community and presented their recommendation to improve business conditions in Europe. IMF supports Lithuania’s determination to join the eurozone2013-07-18, 13:07Wednesday, July 17, Prime Minister Algirdas Butkevičius has met with Managing Director of the International Monetary Fund (IMF) Christine Lagarde, who is on her visit to Lithuania. The meeting discussed cooperation between the IMF and Lithuania, priorities of the Lithuanian Presidency for the Council of the European Union, Lithuania's intentions to adopt the euro, and the current situation in the eurozone. The Director of IMF starts her visit in Lithuania2013-07-17, 15:28The director of International Monetary Fund (IMF), Christine Lagarde, and the chairman of the board of the European Central Bank Jorg Asmussen started their two day visit in Lithuania. Subway in Vilnius - only from EU money2013-07-17, 11:31Prime Minister Algirdas Butkevičius argues that Vilnius would be able to have subway only with help from the EU. This metro idea has long been escalated by Vilnius Mayor; however, the city is deeply immersed in debt. According to the Prime Minister, other sources of funding other than the EU will not be available to this project. Compared to May 2012, industrial production output in Latvia increased by 0.6% in May 2013 – the second smallest increase in the European Union, according to the EU's statistical office Eurostat. The steepest increase in industrial production output was registered in Lithuania – 21.6%, followed by Estonia – 6.3%, and Portugal – 4.5%, writes LETA. Lithuanian state-owned enterprise profit doubled in 20122013-07-15, 13:58State-owned enterprises recorded positive figures in 2012 – their combined net profit was EUR 126.5 million (LTL 436.8 million), more than double growth, according to the report published by the State-Owned Enterprise Governance Coordination Department of the State Property Fund, informs LETA/ELTA. |
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