EconomyA study of the expenses of households carried out by Swedbank's Institute of Private Finances has revealed that Lithuanians spend less money on food than Latvians and Estonians. A family of four people that lives in Vilnius spends EUR 291 per month on recommended food products. Utenos Trikotazas Group AB sales for the first quarter of 2015 reached EUR 4.3 million, or by 0.5% less than during the same period in 2014. Utenos Trikotazas AB sales for Q1 reached EUR 3.6 million, 6.1% more than during the same period in 2014, Utenos Trikotazas Group said. In Lithuanian, turnover of trade and repair of motor vehicles enterprises increased by 31.1% in March2015-05-04, 19:10Statistics Lithuania informs that, based on provisional data, in March 2015, the turnover (VAT excluded) of enterprises engaged in wholesale and retail trade and repair of motor vehicles and motorcycles amounted to EUR 220.6 million and, against February, increased by 31.1% at constant prices (seasonally and working day adjusted – by 3.8%). The Nordic Investment Bank (NIB) and the Republic of Lithuania have signed a loan agreement, totalling EUR 100 million, with a maturity of 20 years, to improve energy efficiency in public and residential buildings. Statistics Lithuania informs that in March 2015, compared to February, construction input prices decreased by 0.5%. The change was mainly influenced by a 1.3% decrease in wages and salaries. Over the year (March 2015, against March 2014), construction input prices increased by 1%. One of the world's largest insurance companies – American International Group (AIG) – has established a Service Center in Vilnius, Lithuania. As an integral part of AIG's network covering Europe, Middle East and African markets, the Vilnius AIG center will service insurance policies, manage claims and oversee benefit payouts. Fertiliser manufacturer AB Achema would like the state to take into consideration the industrial situation when making decisions. AB Achema increased its sales and exports in 2014, but nonetheless incurred losses. The Ministry of Finance has prepared Lithuania's first ever Stability Programme, an accountability document of the Euro Area countries on implemented and planned budget policies. Data of Lithuania's Ministry of Finance shows that the country's general government deficit in 2014 accounted for 0.7% of GDP and was by 1.9 percentage point smaller than in 2013. Lithuania's largest retail chain Maxima is planning to hire around 1,000 new employees for the upcoming summer season 2015. This is by a fifth more than the chain employs during off-season. |
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