EconomyTrade with Iran accounts for a fair amount of the Lithuanian foreign trade in agricultural products. In 2014, it went up by 9.5%. The Bank of Lithuania, in consistently developing relations with China's financial sector's supervisory authorities, today in Vilnius signed a Memorandum of Understanding with the China Banking Regulatory Commission (CBRC) establishing an arrangement for the sharing of supervisory information and enhancing of cooperation in the area of banking supervision. Lithuanian PM, Katainen talk about importance of European Fund for Strategic Investments2015-06-12, 15:09In a meeting with the European Commission Vice-President for Jobs, Growth, Investment and Competitiveness, Jyrki Katainen, Lithuanian Prime Minister Algirdas Butkevicius talked about Jean-Claude Juncker's EUR 315 billion investment plan for Europe, discussed the issues of the Eurozone stability, economic growth outlook in the European Union, and immigration issues. In the coming years, retailers can expect lower fees for card acquiring, higher transparency in applicable fees, and the possibility to choose what payment cards to accept. The Regulation (EU) of the European Parliament and of the Council on interchange fees for card-based payment transactions will provide better conditions for accepting payment cards. Statistics Lithuania informs that in May 2015, compared to April, prices for the total industrial production sold increased by 0.4%, refined petroleum products excluded – remained almost unchanged. Lithuanian Foreign Vice-Minister and Cuban Ambassador discuss possibilities of increasing Lithuanian exports2015-06-09, 12:53On 8 June, Vice-Minister of Foreign Affairs of Lithuania Andrius Krivas received Ambassador of Cuba to Lithuania Enrique Orta González, who resides in Helsinki. The 324.8 meter-long container ship "MSC Charleston", which arrived to the port of Klaipeda, has entered the history of the seaport of Klaipeda as the longest ship ever sailed to Klaipeda and marked the official start of the operation of the distribution centre (hub). During May 2015, SC Klaipedos Nafta reloaded 703 thousand tons of petroleum products into its storage tanks of Klaipeda oil terminal and Subacius fuel base (SFB), i.e. greater by 49.2% compared to May 2014, when 471 thousand tons were reloaded, the company said in a statement. With strengthening of payment institutions, market share of banks in field of transfers decreased further in Lithuania2015-06-07, 12:33In 2014, payment institutions in Lithuania strengthened their positions in the payments market. Having taken over from banks a few years ago the leader's role in terms of the number of cash payment transactions, last year they came to hold a larger market share of electronic transfers as well. There was an increase in the total number of electronic transfers, reported the Bank of Lithuania. Lithuanian banks: possibilities of residents, manufacturing companies to borrow improve2015-06-06, 15:55Commercial banks' assessment of the financial status of households and many business sectors in Lithuania is basically positive; according to their projections, in the future it will be easier to borrow for residents and companies within some sectors. |
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