EconomyIreland's budget airline Ryanair has announced intentions to fly passengers from Lithuania's second-largest city Kaunas to two resort cities, Burgas in Bulgaria and Rimini in Italy. Lithuania's central government and local authorities collected a total of 6.702 billion euros in budget revenue in January through October 2017, which is 1.7% above the projected level. Lithuania's Energijos Skirstymo Operatorius (Energy Distribution Operator, or ESO) plans to invest around 219 million euros in installing some 2 million smart electricity and gas meters within five years. The Lithuanian seaport of Klaipeda handled 35.129 million tons of cargo in January through October 2017, a rise of 5.5% from 33.292 million tons a year ago. Lithuania's Butinge crude terminal, which is owned by Orlen Lietuva, the Lithuanian unit of Poland's PKN Orlen, handled 8.047 million tons of crude during the first ten months of 2017, up by 4.4% year-on-year. Lithuania's urgent parcel company TNT, owned by US parcel company FedEx, posted 24.2 million euros in revenue for the last financial year, netting a profit of 975,000 euros. Lithuania's oil product and liquefied natural gas (LNG) terminals operator Klaipedos Nafta (Klaipeda Oil) intends to invest up to 20.9 million euros (including VAT) in reconstruction of embankments. Germany's window, door and facade systems manufacturer Schueco is setting up an engineering service centre in Vilnius to service its customers in Northern European countries. Klaipedos Konteineriu Terminalas (Klaipeda Container Terminal), one of the biggest stevedoring companies in Klaipeda, has managed to attract one more shipping line, China's Cosco Shipping, the Vz.lt news website reported on November 13th. Statistics Lithuania informs that, according to the Labour Force Survey data, in III quarter 2017, the unemployment rate stood at 6.6%; against II quarter 2017, it decreased by 0.4 percentage points, against the respective period 2016, by 0.9 percentage points. In III quarter 2017, the male unemployment rate stood at 7.6, female – 5.5%. |
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