EconomyOn Tuesday, 23 December, Philip Morris announced the launch of a new LTL 137 million (EUR 40 million) investment project to expand its factory in Klaipeda. As of 1 January 2015, cross-border transfers in euro and crediting of euro into accounts are to cheapen to the domestic transfers' level. This is suggested by information from all commercial banks operating in Lithuania on payment service fees after the adoption of the euro. In addition, the clearing of the so-called non-express transfers in Lithuania will take place on an hourly basis. EIB has established projections for 2015 funding volume. These projections include funding needs associated with the European Fund for Strategic Investments (EFSI), announced at the end of November; however, these may subject to adjustments as the details of the EFSI are finalized and approved. UK loan provider International Personal Finance plc announced that it will buy for 23.8 million pounds instant loans company MCB Finance Group which offers instant loans in Estonia under the brand Credit24. On Tuesday, liquefied natural gas (LNG) tanker Arctic Aurora delivered the first commercial shipment of gas to Lithuania's LNG terminal. Based on the data of Statistics Lithuania, in the third quarter of 2014 all types of transport carried 30.9 million tonnes of goods, i.e. by 7.4% more year-on-year, road transport transported 52.8% of all goods, railway transport 40.4%, inland waterways transport 1.7%, Lithuanian airline companies 0.001% of all goods. As much as 109,000 farmers have already received direct payments for the utilised agricultural area and crops declared in 2014. Funds allocated for direct payments in 2014 have been successfully disbursed. The 16th annual awarding of St. Christopher's statues took place at Vilnius Town Hall on 18 December. The statutes, which are the highest honour awarded by Vilnius Municipality, were presented to the city's most deserving persons and businesses. At the ceremony, the foreign investment development agency Invest Lithuania was awarded a St. Christopher's statue for its professionalism and for attracting foreign investment to Vilnius. Due to Russia's food embargo and the beef overstock which resulted because of these restrictions, Lithuanian farmers who grow beef steers and cows lose around LTL 10 million (EUR 2.9 million) of income every month. On 18 December 2014, the Lithuanian electricity transmission system operator Litgrid and European Investment Bank (EIB) signed an agreement on EUR 65 million loan for a maximum period of sixteen years. |
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