EconomyAchemos Grupe, one of the biggest concerns in Lithuania, has purchased two wind farms in the Czech Republic and Croatia. This is the concern's first acquisition abroad. Some 13.6% of Lithuania's working population in October 2017 were paid the minimum monthly salary or less, with more than half of them working part-time, the country's statistics office said on Thursday. The central banks of Lithuania and Singapore have signed an agreement on cooperation in the field of financial technologies, known as fintech. Lithuania's power transmission system operator Litgrid plans to invest 326 million euros in synchronizing the electricity grid with the Continental European network, with its total investment in the grid development until 2016 projected at 642.5 million euros. Lithuania's non-financial companies posted 5.5 billion euros in pre-tax profits in 2017 on revenue of 79.9 billion euros, Statistics Lithuania said on Monday. Lithuania's annual inflation remains the biggest in the Baltic states, according to data provided by national statistics agencies. Poland interested in oil exploration in Lithuania's territorial waters in Baltic Sea2018-03-11, 10:06Poland, whose oil company Lotos is already extracting oil in western Lithuania, is interested in exploring oil deposits in Lithuania's territorial waters in the Baltic Sea as well, the neighboring country's prime minister said on Friday in Vilnius. Lithuania's construction company Panevezio Statybos Trestas (PST), together with its partners, has signed a 13.1 mln euro contract to build a new multifunctional sports center in Latvia. Sweden's ICA Gruppen, the operator of the retail chain Rimi, has found a buyer for 17 Rimi and Iki stores in Lithuania. According to sources, a deal has been made with Lenoka, the company operating the Latvian chain Mego. Dalius Misiunas, Maxima Grupe's CEO since February, says that one of his top priorities is the Baltic retail group's expansion in foreign markets, adding that the company may tap into capital markets to raise funds for these plans. |
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