EconomyIn 2017, Lithuanian Airports enjoyed record numbers of passengers and this year they will submit the largest contribution to the state budget in the company’s history. It amounts to 3.4 million EUR, which is 1.7 million EUR more compared to the year before. Lithuanian Economy Minister Virginijus Sinkevicius, currently in China, says he will try to attract more of Chinese investments as the inflow of direct investments from Chinas has the potential to grow. Lithuania's natural gas supply and trade company Lietuvos Duju Tiekimas (Lithuanian Gas Supply, LDT) has purchased two liquefied natural gas (LNG) cargoes (around 2 terawatt-hours). Visual search and identification solutions developer from Iceland, “ Videntifier” has published opening a research and development center in Vilnius. This will be the first company branch in continental Europe. “Videntifier” is planning to move a few employees from Reykjavik, as well as hiring highly qualified local software developers. US-based e-logistics company Carggo is moving its software development center from Moscow to Vilnius, with plans to hire up to 65 specialists in the Lithuanian capital by the end of the year, Invest Lithuania said on May 31dt. As Lithuania's population declines, the country may have to increase its retirement age in the future to solve the problems of the pension system, a central bank official said on June 1st. Lithuania's gas trading company Litgas plans to return a part of its new liquefied natural gas (LNG) shipment to other supplies and to store another part at Latvia's Incukalns underground gas storage facility. A Lithuanian-owned company is building a factory in a Chinese-Belarusian industrial park named "Grand Stone", the business daily Verslo Zinios reported on May 29th. VILNIUS, May 28, BNS - The Lithuanian seaport of Klaipeda handled 14.314 million tons of cargo during the first four months of 2018, up 5.3% from 13.587 million tons a year ago. There's a good time for further building financial reserves as Lithuania's residents and businesses are getting stronger financially, the level of credit is growing and Lithuania's is enjoying an economic upturn, the Bank of Lithuania's chairman Vitas Vasiliauskas says. |
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