EconomyThe Lithuanian seaport of Klaipeda posted a 5% growth to 35.135 million tons in cargo traffic for the 11 months through November and expects its full-year cargo volume to reach 38 million tons. Companies interested in developing wind farm projects off the coast of Lithuania say that their plans are hampered by the Energy Ministry's proposal that the necessary research should be carried out by the state, rather than businesses, but the ministry replies that privately-funded research could be biased. Lithuania's advertising market expanded by 5% in the ten months through October 2015 from a year ago, with the strongest growth recorded in outdoor video and cinema advertising and more moderate growth in TV and radio advertising volumes. A total of 18,015 new cars were registered in Lithuania in January through November 2015, up 18% from 15,270 in the same period last year, Autotyrimai said on December 1st, 2015. Agrowill Group, one of Lithuania's largest agricultural investment companies, posted 32.041 million euros in consolidated revenue for the first nine months of the year 2015, a rise of 14.1% from the year-earlier figure of 28.091 million euros. Vilkyskiu Pienine, one of Lithuania's biggest dairy producers, said on Monday that its consolidated net profits for January through September 2015 more than halved to 627,000 euros as revenue dropped by 26% year-on-year to 60.1 million euros. Statistics Lithuania informs that, based on more comprehensive business, tax and price statistics, in III quarter 2015, GDP at current prices amounted to EUR 10 012.9 million. Compared to the same period of 2014, the real GDP change stood at 1.7% (seasonally and working day unadjusted – 1.7%). Lithuania's agricultural investment company Linas Agro Group saw its consolidated net profit soar by 55% in the first quarter of its 2015-2016 financial year, to 3.464 million euros, from 2.235 million euros a year ago. Lithuania's new heavy truck sales grew at the highest annual rate in the EU in the ten months through October, figures from the European Automobile Manufacturers' Association (ACEA) showed on Thursday. Panevezio Statybos Trestas (PST), one of Lithuania's largest building companies, has bagged a 1.5-million-euro order in Sweden. |
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