Statistics Lithuania informs that, based on non-final data obtained from customs declarations, Intrastat reporting and VAT returns data, exports in October 2014 amounted to LTL 8.2 billion (EUR 2.4 billion), imports – LTL 8.7 billion (EUR 2.5 billion).

Egypt has confirmed to the Lithuanian State Food and Veterinary Service that Lithuanian beef meets the requirements and thus may be exported to Egypt.

In November 2014, cargo handling turnover of Klaipeda Seaport has increased even by 27,9% – totally 3,3 mln tn (more by 722,6 thou. tn comparing with November of 2013) were handled.

The total investment in Lithuania's transport sector during the new EU financing period is likely to be more than EUR 5 billion whence 47% will be used to modernise Lithuanian railway network and 36% to modernise road infrastructure (26% in pan-European highways, 6% in municipality roads and 4% in national and regional roads). Even 3% of the EU investments will be used to purchase environmentally friendly public transport.

In the last five years, creditors of bankrupt companies lost LTL 8.4 billion (EUR 2.4 billion) in revenue, from this amount the state budget lost LTL 1.5 billion (EUR 0.43 billion). On average 13% of creditors' claims are fulfilled, whereas the state recovers only 3% in tax, social and health insurance fees.

An international conference: Small and Medium Business Development Through Better Access to Finance has been held today at the Office of the Government. Chancellor Alminas Mačiulis has noted that Lithuania has not as yet invented a better medicine for the stimulation of the economy and strengthening its competitiveness as the small and medium business development.

On Thursday, the Seimas in Lithuania adopted the 2015 state budget, which was revised by the Government.

According to unaudited data, the state-owned public limited company Lietuvos paštas (Lithuania Post) has earned LTL 2.5 mln of net profit within 9 months of the current year.

Net profit of Klaipedos Nafta for the 9 months of 2014 amounted to LTL 18 million (EUR 5.2 million) or less by 34.8% if compared to the same period of 2013 with LTL 27.6 million (EUR 8 million).

The total consolidated City Service revenue from continued operations for the nine months of 2014 was LTL 485.9 million (EUR 140.7 million), an increase by 36% over same period in 2013.