![]() EconomyExperts suggest using Lithuania's LNG terminal for electricity, heat energy generation2019-05-19, 12:15Some foreign experts believe that the use of the Klaipeda liquefied natural gas (LNG) terminal could be expanded, for example, to generate electricity and heat energy, thus reducing its costs for consumers. Construction is being launched on a 15-million-euro Moxy hotel, part of the Marriott Group, in Lithuania's second-biggest city of Kaunas, with the developers planning to build more Moxy and Marriott hotels in the Baltic countries. Swedish furniture producer and seller IKEA has started testing an e-trade system. At this stage, registered ikea.lt consumers and members of the IKEA FAMILY loyalty program have the possibility to buy online. Rimi Lietuva, operating one of the largest retail chains in Lithuania, posted a loss for the second in a row. Its audited net losses rose 6.4% to 2.995 mln euros, from 2.814 mln euros in 2017. Russia's largest independent gas company Novatek's new LNG shipment from the Russian port of Vysotsk is approaching Lithuania's port of Klaipeda. The shipment is believed to be meant for the largest gas consumer in Lithuania, the Jonava-based fertilizer producer Achema. Lithuania's state-run oil product and liquefied natural gas (LNG) terminals operator Klaipedos Nafta (Klaipeda Oil) said on Wednesday that its sales revenue for January through April rose by 15.1% to 41.2 mln euros, from 35.8 mln euros in the same period last year. The European Commission expects Lithuania's GDP growth to moderate to 2.7% this year and to 2.4% next year. IMG Group, a subsidiary of Ekornes Group, Norway's largest furniture manufacturer, opened on Tuesday its first European combined production and distribution facility in the Panevezys Free Economic Zone (FEZ) in northern Lithuania. Some 16,413 new passenger cars were registered in Lithuania in the first four months of 2019, up 54 percent from 10,650 in the same period last year, the market research company Autotyrimai said on Thursday, citing data from the state car registration company Regitra. In April alone, new car registrations surged by 44% to 4,908 units. "Intensive re-exports remain the key driver of the robust growth: 1,679 of the new cars registered in April, including 1,415 Fiat cars and 219 Jeep cars, were removed from the register by the end of the month and at least 28 more will be deregistered shortly," said Autotyrimai. The number of new personal car registrations jumped by 42% last month year-on-year to 4,445 and that of commercial vehicles soared 62 percent to 463 units. Fiat held onto its number-one spot in Lithuania's new car market with 1,738 new cars registered, followed by Toyota in second place with 624 and Volkswagen in third with 535 units. Audi ranked first in the premium car segment with 61 registrations. Lietuvos Energijos Gamyba (LEG), the electricity production arm of the state-owned energy group Lietuvos Energija, has said its first-quarter net profit rose to 16.994 mln euros, up 21.8% from 13.955 mln euros a year earlier. |
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