EconomyThe price of electricity in Nord Pool Spot's Lithuanian bidding area averaged 40.5 euros per megawatt-hours (MWh) in June, up 23% compared with May, but down 5% from a year earlier, Litgrid said on Tuesday. A new shipment of around 140,000 cubic meters of liquefied natural gas (LNG) from Norway's Statoil has been delivered to Klaipeda. It is the tenth shipment to Lithuania this year so far. Vostok Emerging Finance (VEF) has invested 3.4 million US dollars (EUR 3.07 mln) in the Lithuanian-owned money transfer company TransferGo, whose key markets include the United Kingdom, which voted last week to leave the European Union, Verslo Zinios reported on June 29th. Lithuanian bankrupt Ukio Bankas suit against PrivatBank to be heard by Latvian courts2016-07-03, 14:31Ukio Bankas, a bankrupt Lithuanian bank that is currently in the process of liquidation, will have to go to Latvian courts in an effort to recover nearly 600,000 euros from PrivatBank, the neighboring country's ninth-biggest commercial bank by assets. Apranga, the Baltics' leading clothing retailer, said on Friday that its first-half sales rose by 7.2 year-on-year to EUR 94.3 mln. ‘Orlen Lietuva‘ is one of the largest tax payers in Lithuania. It is not only the producer of fuel, but also one of the largest economic centres in the country, creating thousands of jobs (directly and indirectly). It is one of the best know Polish brands in Lithuania and this year marks the 10th anniversary of its presence in the local market. Kesko Senukai Lithuania (former Senuku Prekybos Centras), the operator of a building and home improvement supplies chain in the Baltics, posted 15.382 million euros in consolidated net profits for 2015, up 12% from 13.74 million euros in 2014. Rimi Lietuva, one of Lithuania's biggest grocery chains, in 2015 improved its performance results thanks to new store openings and plans to continue its expansion in 2016. Lithuanian-owned charter carrier Small Planet Airlines posted 76.757 million euros in revenue for 2015, a rise of 49.7% compared with 2014. Lithuania's electronic communications market revenues grew by 5% in the first quarter to 160.322 million euros, from 152.645 million euros in the same period last year, final data from the Communications Regulatory Authority (RRT) showed on June 22nd. |
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