![]() EconomyThe UK Railway Industry Association expects that UK-based railway design, construction and maintenance companies will bid for Rail Baltica construction contracts. Russia remains Lithuania's key export partner amid fall in exports to other markets2016-10-15, 10:00Despite a decline in exports to Russia, the country remains Lithuania's key export partner amid falling exports to other markets, SEB Bankas' economist Gitanas Nauseda said. The three Baltic countries registered the EU's highest quarterly increases in house prices in the second quarter of 2016, according to the latest figures released by the EU statistics office Eurostat. New light-vehicle registrations in the Baltic States grew by 12% in III quarter 20162016-10-13, 10:06Analysis of fully-processed registrations’ data performed by AV Automotive Research / AutoTyrimai, based on source data obtained from Regitra (Lithuania), CSDD (Latvia) and Maanteeamet (Estonia), shows that new light-vehicle (M1&N1) registrations in the Baltic States increased by 12.3% to 17’045 units in III quarter 2016. City Service , the Lithuanian real estate maintenance group with operations in the Baltic states, Poland, Spain and Russia, is expanding its residential building maintenance business in Latvia. Lithuanian companies, which exported mostly food-grade wheat to Middle East and Northern Africa in recent years, will have to find markets much closer to home to sell this year's poorer-quality crop. Lithuania's foreign direct investments in Estonia shrank by 58.8% y-o-y to 89.4 mln euros in the first half of 2016, while investments in Cyprus soared by 43% to 277.6 mln euros. After the Vilnius international airport is closed for runway reconstruction next summer, the majority of airlines flying to Vilnius will work from Lithuania's second-largest city Kaunas for a month. According to CEO of the Estonian real estate company Ober-Haus AS, Tarmo Kase, the Baltic real estate market is in a slump, but the most promising is the Lithuanian market. Works of the second stage of reconstruction of the runway at Vilnius Airport to be carried out in the summer of 2017 are expected to cost nearly EUR 24 million. Having announced an open and public tender for the procurement of reconstruction contract works, a contractor, the quality of works and reputation whereof would raise no doubt, is searched for. |
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