EconomyGermany's online bank N26, which paused operations in Lithuania and Latvia due to uncertain circumstances early this year, plans to resume services in Lithuania in the near future. Polish Prime Minister Mateusz Morawiecki, currently on a visit to Lithuania, has pledged that Polish oil giant Orlen will expand its operations in Lithuania. US internet giant Google, which has obtained an e-money license in Lithuania but is not offering payment services in the country yet, is relocating payment services from Britain to Ireland amid uncertainty due to Brexit. Britain's artificial intelligence and data science company Satalia has purchased 100 percent of shares in Lithuania's software and automation solutions firm Data Dog. Some 11,505 new passenger cars were registered in Lithuania during the first three months of 2019, up 59 % from 7,239 in the same period last year, the market research company Autotyrimai said on Monday. Lithuanian companies' cumulative direct investment abroad totaled 3.7 bn euros in late 2018, up 19% compared with a year ago, based on provisional data. The number of transactions worth over 100,000 euros in Lithuania's mergers and acquisitions (M&A) market rose by 16% last year compared with 2017 to reach a four-year high of 102. Achemos Grupe, the owner of the fertilizer manufacturer Achema, Lithuania's single largest gas consumer, says it currently cannot take on a long-term commitment to purchase up to 1 billion cubic meters of gas via the Klaipeda liquefied natural gas (LNG) terminal annually, thus reducing its share of the terminal's costs. Cargo traffic at the Lithuanian seaport of Klaipeda increased by almost 9% in the first two months of 2019 and by 15 % in February alone, with growth recorded in all cargo groups except oil products and chemical fertilizers. Lithuania's Ministry of Energy, US company NET Power and energy innovation company 8 Rivers Capital signed in the middle of March a memorandum of understanding on a feasibility study for a zero-emissions power generation project. |
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