EconomyStatistics Lithuania informs that in September 2017, against August, prices for the total industrial production sold increased by 0.8%, refined petroleum products excluded – decreased by 0.3%. The overall price change was influenced by a 5.4% increase in prices for refined petroleum products. Litgas, the gas trade arm of the state energy group Lietuvos Energija (Lithuanian Energy), will sell gas to Poland's gas supply company Duon. The liquefied natural gas (LNG) will be transported from Klaipeda's new LNG distribution station on auto gas carriers. Lithuania's monthly inflation was 1% in September, as prices of some consumer goods and services went up after two months of being flat, Statistics Lithuania said on Monday. Ahlstrom, global high performance fiber-based materials company headquartered in Finland, is closing its service center in Vilnius after three years of operation, sacking all of the staff. The company said the changes had to do with decentralization of the group's services, not Lithuania's investment environment. The budget surplus of Lithuania's social insurer Sodra is expected to reach 218 million euros in 2018, seven times the surplus planned for this year. Vakaru Baltijos Laivu Statykla (Western Baltija Shipbuilding), a Lithuanian group indirectly controlled by Estonia's BLRT Grupp, will recover the excise duty paid for fuel supplied to a freight ship it built back in 2013, the Supreme Administrative Court of Lithuania has said in a final ruling. Klaipedos Nafta (Klaipeda Oil), operator of the Lithuanian liquefied natural gas (LNG) terminals, raised its September revenue by a fifth, however, its revenue for the first nine months of this year was below the 2016 level. Orlen Lietuva, the Lithuanian unit of Poland's oil group Orlen , remains number-one among top 50 biggest companies in the Baltic states, however, may be ousted by Vilniaus Prekyba in the next rating. Rimi Lietuva proposes to sell 17 Iki and Rimi stores in Vilnius, Kaunas, Klaipeda and Panevezys, accounting for 6% of the two companies' combined chain, to third parties to secure regulatory approval for its planned takeover of Iki, Lithuania's largest grocery chain. In 2016, the value added per hour actually worked in Lithuania amounted to EUR 13.62017-10-03, 09:50Statistics Lithuania informs that according to the non-final data on gross value added and employment and the recalculated estimates for labour productivity, in 2016, the value added per hour actually worked in the whole economy amounted to, on average, EUR 13.6 at current prices. |
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