EconomyStatistics Lithuania reports that in September 2015 compared with August, monthly inflation based on the harmonised index of consumer prices (HICP) is likely to stand at 0%. Challenge of low interest rates encourages even conservative investors to change in Lithuania2015-09-14, 17:05The environment of low interest rates and significant fluctuations in the financial markets encourages central banks and other conservatively-investing investors to change their usual investment models and look for new opportunities to earn return without decreasing the security of investments – this was stated at the international institutional investors conference in Vilnius, organised by the Bank of Lithuania. Lithuanians have started spending increasingly more as the average wage is growing faster than prices. Consumers are also looking more favourably towards borrowing. Although the volume of exports of Lithuania's goods and services to Russia shrank greatly due to the embargo, which was imposed on a year ago, it has had only a minimal impact on Lithuania's economy, says Vaiva Seckute, senior economist of Swedbank Lithuania. Without regulation being tightened, instant credit market issues will only increase in scale in Lithuania2015-09-11, 15:36The consumer credit market data for the first half of the year 2015 in Lithuania reveal that the number and amount of payments overdue continues to rise fast and that in increasingly more cases the debt is transferred to third parties for enforcement (to the court and in a pre-trial way). The American Chamber of Commerce (AmCham), which has been operating in Vilnius for 22 years now and which represents over 100 different business companies from the USA, will help Lithuanian companies to prepare their homework for the successful exportation of meat and meat products to the USA. In accordance with an agreement made between Small Planet Airlines and Sky Angkor, the two airlines will cooperate flying tourists to Siem Reap in Cambodia from Chinese and South Korean cities for at least five years. Cooperation should help both airlines to decrease seasonality of activities. Pursuant to preliminary data as of the 1st of September 2015, the cargo handling turnover in Klaipeda Seaport in August of 2015 increased by 16,8% or by 452,8 thou. tn to 3,15 mln tn comparing with August of 2014. During August 2015, SC Klaipedos Nafta reloaded 411 thousand tons of petroleum products into its storage tanks of Klaipeda oil terminal and Subacius fuel base (SFB), i.e. by 7.4% lower compared to August 2014, when 444 thousand tons were reloaded, the Company said. Totally during the first eight months of 2015 the Company reloaded 4,288 thousand tons of petroleum products into its storage tanks, greater by 23.5% compared to the same period of 2014 when 3,472 thousand tons were reloaded. According to the International Monetary Fund's (IMF) latest economic analysis, Lithuania has successfully transitioned from an emerging market into a mature economy. |
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