EconomyLithuania's Butine oil terminal, operated by oil processing and transportation company Orlen Lietuva, handled 5.384 mln tons of oil in seven months of this year, up 0.1 % (6,500 tons) from 5.377 mln euros last year. The Social Security and Labor Ministry proposes to increase the monthly benefit that each child in Lithuania receives monthly to 50 euros, from the current 20 euros, starting next January, a move that would cost the state an additional 130.2 mln euros next year. A five-strong delegation from the Riigikogu group for interparliamentary ties between Estonia and China is visiting China at the invitation of the Chinese parliament from August 23 to September 1 of 2018. A fund of Lithuania's investment company Capitalica Asset Management is planning to invest 50 mln euros in the construction of two office buildings in the Latvian capital of Riga. Latvia's investment manager Frigate enters Lithuania. Lithuania will purchase the Klaipeda LNG terminal's floating storage and regasification unit (FSRU), named Independence, from Norway's Hoegh LNG after 2024. Lithuania's state-run gas transmission company Amber Grid posted a net profit of 6.5 mln euros in the first half of this year, down 40.4% from 10.9 mln euros last year. The Supervision Service of the Bank of Lithuania has carried out an investigation of the consumer credit market and identified that, in breach of existing legal acts, four companies calculated interest rates fixed in consumer credit agreements inappropriately, Bank of Lithuania informed. Auga Group, one of the largest agricultural investment companies in the Baltic states, is entering the Canadian market. In July 2018, prices for the total industrial production in Lithuania sold increased by 1 %2018-08-12, 10:20Statistics Lithuania informs that in July 2018, against June, prices for the total industrial production sold increased by 1%, refined petroleum products excluded – 0.8%. The overall price change was influenced by an increase in prices for refined petroleum products, as well as chemicals and chemical products, and by a decrease in prices for food products. |
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