EconomyKlaipeda remained the number one seaport in the Baltic countries in terms of container handling in January through September 2017, the port's authority informed. Modus Energija, the renewable energy arm of Lithuania's car business, real estate development and energy group Modus Group, is set to invest 45 million euros in solar power plants in Poland. Statistics Lithuania informs that in September 2017, based on provisional data, industrial production totalled EUR 1.76 billion at current prices and, compared to August, seasonally and calendar adjusted, decreased by 0.3% at constant prices (unadjusted – 0.1%). Bite Lietuva, a Lithuanian telecoms company controlled by the global private equity firm Providence Equity Partners, will keep the current level of investments in 2018, planning to invest around 10-15 million euros in the network and new services in 2018. Statistics Lithuania informs that in 2016, based on revised data, the general government surplus totalled EUR 103 million, or 0.3% of gross domestic product (GDP). In 2015, the general government deficit stood at 0.2% of GDP. At least four foreign and one Lithuanian companies are interested in aircraft maintenance, repairs and overhaul (MRO) at the Kaunas free economic zone (FEZ), however, the investments that would create up to 2,000 well-paid jobs with an average monthly salary of over 2,000 euros are stalled by the government's indecision. Polish-owned Lithuanian oil company Orlen Lietuva posted a net profit of 140.8 million euros (USD 165.4 mln) for the first nine months of 2017, up 16%, from 120.9 million euros (USD 142.1 mln), a year ago. The most valuable enterprise in the Baltic countries is Swedbank Group and the Latvian state-owned energy group Latvenergo is more valuable than the Estonian state-owned energy company Eesti Energia, it can be seen from a study carried out by the investment bank Prudentia and the Riga stock exchange. Norway's furniture production group Ekornes is considering expansion in Panevezys, northern Lithuania, founding a subsidiary in the Panevezys free economic zone (FEZ). Exports increased across the three Baltic states in the first eight months of 2017 from the same period of 2016, Eurostat said on Monday. |
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