EconomyKlaipeda remained the number one seaport in the Baltic countries in terms of container handling in January through August, the port's authority said. Enterprise Lithuania, the government's export promotion agency, expects exports of Lithuanian-origin goods to rise by 12% this year compared with 2016 to reach 12.3 billion euros, up from its spring forecast of 6.5% growth to 11.6 billion euros. Ikea Industry Lietuva, a Lithuanian chipboard and furniture manufacturer that is part of Sweden's furniture group Ikea, is investing in a new furniture factory with plans to double its production capacity and create 20 new jobs. Lithuania's overall cargo volumes grew by 13% in the first half of 2017 from a year earlier to 66.857 million tons, the country's statistics office said. Statistics Lithuania informs that in August 2017, based on provisional data, industrial production totalled EUR 1.7 billion at current prices and, compared to July, seasonally and calendar adjusted, increased by 3.2% at constant prices (unadjusted – 8.2%). The central Bank of Lithuania on September 20th increased its gross domestic product ( GDP) growth forecast for 2017. Central securities depositories in Estonia, Latvia and Lithuania become a single entity which has joined the pan-European securities settlement platform T2S. Klaipedos Nafta (Klaipeda Oil), the Lithuanian operator of oil and liquefied natural gas (LNG) terminals, is starting tests of the 27.7 million euro LNG distribution station. Lietuvos Gelezinkeliai (Lithuanian Railways) said that its revenue for the eight months through August rose by 6% year-on-year to reach 282.1 million euros. Lithuanian banks and foreign bank branches posted 155.4 million euros in combined profits for the first half of 2017, up 46.4% from 106.2 million euros in the same period last year, the central Bank of Lithuania said on Tuesday. |
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