EconomyThe Central Bank of Ireland has approved the Lithuanian Maxima Grupe's (Maxima Group) base prospectus, announced on the Dublin Stock Exchange and letting the company to issue bonds worth up to 1 bln euros. MERA, a Russian-capital software services provider, has announced plans to open a branch in Vilnius. Over the course of several years, the company plans to employ over 200 software engineering professionals. The Estonian Competition Authority allowed Lithuanian company Vilniaus Prekyba, operating Ermitazas, a DIY store chain operated, to acquire Estonia's Bauhof DIY chain with 13 stores. Estonian consumer loan bank Bigbank's Lithuanian branch posted 4.4 mln euros in net profits in the first half of this year, up 37.5 percent from 3.2 mln euros a year ago. Lithuania's natural gas supply and trade company Lietuvos Duju Tiekimas (Lithuanian Gas Supply, LDT), part of the Lithuanian state-run energy group Lietuvos Energija, has sold a LNG shipment to the Netherlands' Shell, one of the largest gas trading companies in the world. Lithuanian-German energy company Danpower Baltic earned 3.501 mln euros in consolidated net profits last year, up 73% from 2.024 mln euros in 2016. Klaipedos Smelte, the container terminal at Lithuania's port of Klaipeda, is expected to save shippers based in Asia time and money delivering cargo to northern Europe and Nordic states, writing IHS Media. German car parts giant Continental is launching on Friday the construction of a new plant, worth 95 mln euros, in Lithuania's second-largest city of Kaunas's free economic zone. Payment institution licence issued to Nayax Europe, UAB and UAB SHIFT Financial Services LT2018-07-20, 10:17The Board of the Bank of Lithuania has issued two new licences of a payment institution that grant the right to engage in money remittance, a payment service provided for in the Law on Payments, announced Bank of Lithuania. Lithuania's natural gas transmission company Amber Grid on Wednesday called an international tender for the purchase of steel pipes for the Gas Interconnection Poland–Lithuania (GIPL). |
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