![]() EconomyContis Group, a leading European alternative banking and payments solutions group, is to set up a new division in Vilnius, Lithuania as part of its €1 million investment plan over the next two years. The power interconnections NordBalt and LitPol Link launched in 2016 have pulled down the average electricity price in Lithuania, says Daivis Virbickas. At the start of April, Eesti Pank and the other central banks of the euro area will release a new €50 banknote into circulation with a new design and new security features. So that the new note can enter smoothly into circulation, it is important for companies to update their cash handling equipment in good time, and to know about the new features of the notes. Russia's gas giant Gazprom this year is set to recapture a large chunk of the Lithuanian natural gas market, but market participants and energy experts downplay the increase in the share of Russian gas in the country, attributing it to competition. Vopak E.O.S. is ready to begin the construction of a terminal for liquefied natural gas (LNG) at Muuga just outside Tallinn next year. Some 593,000 old-age pensioners and 202,000 disability pensioners in Lithuania will receive higher pensions starting January after the government approved on Wednesday an average increase of 20 euros in pension payments. Vilniaus Energija (Vilnius Energy), Lithuania's biggest district heating supplier controlled by France's Veolia, has asked the Stockholm arbitration to appoint an independent asset valuer in protest of the valuers selected by the municipal company Vilniaus Silumos Tinklai (Vilnius Heating Grid, VST ). Electricity consumption in Estonia grew 11% y-o-y to 794 gigawatt-hours in November, which is in part attributable to lower air temperatures than in November 2015. Auga Group, one of the biggest agricultural investment companies in the Baltics, has applied for approval from Lithuania's competition watchdog to purchase the Lithuanian business of KTG Agrar, a German agricultural company undergoing bankruptcy. The decision taken by Sweden's ICA Gruppen, the operator of Rimi Lietuva grocery retail chain in Lithuania, to buy the Iki retail chain for 213 million euros may benefit consumers, however, the value is rather low, analysts say. In their words, the relatively low price of the transaction shows that Iki lost the competition battle and has lost interest to its owners. |
|
© 2013 All rights reserved to the public enterprise ‘L24plius’. |