![]() EconomyFund units of Baltic Horizon Fund are now dual-listed on the Alternative Investment Funds market of Nasdaq Stockholm and Friday is the first day they are traded on Nasdaq Stockholm, Northern Horizon Capital AS, fund manager for Baltic Horizon Fund. Russian gas concern Gazprom must pay Lithuania a fine of 35.651 million euros, which was imposed two years ago for refusing to sign a gas exchange deal with Lithuania's state-owned electricity production group Lietuvos Energijos Gamyba (Lithuanian Energy Production, LEG) formerly known as Lietuvos Energija, the Supreme Administrative Court ruled on Thursday 22 December. Litgas, the gas trade arm of the state energy group Lietuvos Energija (Lithuanian Energy), will fill the first small-scale LNG tanker in the port of Klaipeda with liquefied natural gas. Acquisition of the Iki grocery retail chain of 235 stores in Lithuania will make Rimi Lietuva the second-largest market player with nearly a fourth of the market, which will enable it to boost competition and offer lower prices for consumers. Alcoholic drink prices in Lithuania set to rise next March due to sharp excise hike2016-12-23, 09:52The excise tax rate for strong alcoholic beverages will rise by 23 percent next March and that for wine and beer will surge by up to 112%, which will drive drinks prices up by up to 1 euro per bottlel. At the end of third quarter, the value of loans to businesses, which account for the largest loan portfolio share, boosted by a tenth year on year, to EUR 8.7 bln. This is the largest volume of credit to businesses in over the last few years. A court has lifted an order that froze almost 20 million euros worth of funds of Vilniaus Energija (Vilnius Energy), a local district heating supplier controlled by France's Veolia, to ensure the payment of a 19-million-euro fine imposed by the Lithuanian Competition Council. Lithuania's three international airports in November posted a 6% y-o-y rise in total flight numbers to 4,058 and a 6% increase in passenger numbers to 356,900 passengers. Finland's AF-Consult, which is part of the Swedish-owned engineering group AF, will supervise the 345-million-euro construction of a new biomass and waste-fired cogeneration plant in Vilnius. Lithuania's power and gas distribution co ESO suggests cutting electricity price by 5%2016-12-18, 12:19Electricity prices for most consumers in Lithuania should decline by an average of 5% next year. The price has been on the downward scale for the 4th consecutive year, dropping by a total of 22% since 2013. |
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