EconomyLithuania's PET pre-form and PET bottle manufacturer Putoksnis is launching a project worth over 3.3 mln. euros and is targeting a 20 % growth in sales this year. SEB Bankas, Lithuania's largest commercial bank by assets, has left unchanged its September forecast for this year's Lithuanian GDP growth at 2.8 %. Lithuania's industrial production rose by 4.9 % in November from a year ago, one of the highest growth rates in the European Union, figures from the EU statistics office Eurostat showed on Wednesday. Lithuania's state-controlled energy terminals operator Klaipedos Nafta (Klaipeda Oil) has said that its oil product terminal and the Subacius fuel base generated 39.8 mln. euros in revenue for the full year 2015, a rise of 18.1 % from 33.7 mln. euros in 2014. Analyst: forecasts on euro's impact on Lithuania's property market in 2015 prove wrong2016-01-11, 09:57Contrary to forecasts that Lithuania's residential property market would shrink in 2015 due to euro adoption, market activity was unexpectedly high, an Ober-Haus analyst Saulius Vagonis said. Lithuania's year-on-year retail sales growth rate last November remained among the highest in the European Union, estimates from Eurostat showed on Thursday. Lithuania's Tecnolines and two foreign companies -- Elko and Add-Production -- have won a contract worth 285,130 euros to install smart electricity meters for 3,000 customers of Energijos Skirstymo Operatorius (Energy Distribution Operator, or ESO). The Lithuanian port of Klaipeda this year plans to invest an unimpressive 23.4 mln. euros in development as it will prepare for large investment projects that are to get underway in 2017. Klaipedos Nafta (Klaipeda Oil) will continue to handle heavy fuel oil products shipped from Belarus' Mozyr crude refinery by Swiss-registered Verum Plus. Trading on Nasdaq Baltic stock exchanges generated EUR 268.093 mln. turnover in 2015, which included EUR 45.45 mln. worth of deals made on Nasdaq Riga. |
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