EconomyLithuanian fertilizer producer Achema, the largest gas consumer in the country, has received a new LNG shipment from Norway's Statoil, a second this year. Finnish construction companies YIT are Lemminkainen are mulling opening a service center in the Lithuanian capital or the country's second-largest city of Kaunas following their recent merger. Turnover of retail and catering enterprises increased by 0.9% in Lithuania in March2018-05-01, 11:42Statistics Lithuania informs that, based on provisional data, in March 2018, the turnover (VAT excluded) of retail trade1 enterprises amounted to EUR 896.7 million at current prices, and against February, seasonally and calendar adjusted, increased by 0.9% at constant prices (unadjusted – 17.9%). Lithuanian companies have received the green light to export beef to Morocco. Lithuania's State Food and Veterinary Service has received confirmation from Moroccan officials that a veterinary certificate has been approved. Danish-owned, Klaipeda-based DFDS Seaways last year posted a profit of 7.4 million euros on revenue of 77.7 million euros, up from 1.5 million euros and 76 million euros in 2016, respectively. Stokrotka, a Polish retail chain purchased recently by Maxima Grupe (Maxima Group), this year is likely to add around 100 new stores to its existing chain of 436 stores, the Lithuanian group's chief executive officer said. Lithuania's state-controlled oil product and liquefied natural gas (LNG) terminals operator Klaipedos Nafta (Klaipeda Oil) said on Friday that its first-quarter net profit surged to 6.75 million euros, up 40.6% from 4.8 million euros in the same period last year. Zala Arms, a Lithuanian company selling hunting gear, is setting up an ammunition production line with a test shooting range as well as a first-in-the-country private gunpowder storage. The Vilnius-based Barclays technology center, which has recently announced plans to cut the number of its staff by a third, has probably found cheaper business development opportunities, head of the Investors' Forum, uniting foreign investors, believes. Lietuvos Gelezinkeliai (Lithuanian Railways) increased its lead in the Baltic rail freight market in the first quarter of 2018. |
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