EconomyPolish economy shows signs of revival2013-09-23, 19:34The low point for the economy was the first quarter, when Poland's gross domestic product grew by only 0.5 per cent; that quickened to 0.8 per cent in the second quarter. The spectre of recession threatening Europe's only economy to enjoy more than two decades without a contraction seems to have receded. Lithuania's FinMin: restrictions on settlement in cash as way to fight against black economy2013-09-22, 10:18Lithuania's Ministry of Finance prepared and issued the law draft which put the restriction on the natural persons and legal entities and their settlement in cash, reports LETA/ELTA. Timely approval of EU budget 2014–2020 – crucial for economic recovery2013-09-19, 13:46President Dalia Grybauskaitė met with the Chairman of the European Parliament's (EP) Committee on Budgets, Alain Lamassoure, and other committee members. The meeting focused on the issues relating to the European Union (EU) multiannual financial framework for 2014-2020 and to the next year's budget. Among the other topics of discussion was the EP's important role in adopting legislation necessary for implementing the budget. Tomorrow, September 19, Vilnius will be visited by the European Parliament (EP) Budget Committee members, and Alain Lamassoure, the Committee Chairman. Employment: over 6000 entrepreneurs have received Progress Microfinance loans to start or expand their business2013-09-17, 13:57More than 6000 entrepreneurs have already benefitted from loans worth a total of close to €50 million under the European Progress Microfinance Facility, according to the third annual report on this EU instrument. The report confirms that Progress Microfinance has significantly contributed to job creation, helping a high percentage of people who were previously unemployed or inactive into employment. In particular, microfinance facilitates self-employment and entrepreneurship among groups who typically have more difficulties to raise money, such as young people and minorities. Chevron won the tender for the Lithuanian shale gas extraction2013-09-16, 17:24The Lithuanian commission of carbohydrates has announced that the American oil company "Chevron" has won the tender for the shale gas extraction in the Northern Lithuania. The commissioner has 5 days to give its recommendation to the government and after that the Lithuanian government has 90 days to give its final decision. In August 2013, external assets of the Bank of Lithuania decreased by LTL 322.8 million (EUR 93.4 million), while external liabilities increased by LTL 157.0 million (EUR 45.4 million). At the end of the month these indicators were equal to LTL 20.3 billion (EUR 5.8 billion) and LTL 192.5 million (EUR 55.7 million) correspondingly, informs LETA/ELTA. EU Finance Ministers had their first ECOFIN level discussion on Single Resolution Mechanism in Vilnius2013-09-14, 13:05EU Finance Ministers and Central Bank Governors focussed their attention on the Banking Union, financing SMEs and the EU economic outlook on the first day of the Informal ECOFIN meeting in Vilnius. EU adopts new measures to reform telecoms market2013-09-13, 16:46The European Commission will today present plans to reform the region's telecoms industry which they believe will underpin a single market for companies and consumers, which it describes as the most ambitious plan for the sector since the dismantling of the public monopolies 26 years ago. Informal ECOFIN meeting to discuss future decisions on European financial stability and economic growth2013-09-12, 11:59What is the future development of the Banking Union and which way is the best to enhance SMEs financing? These and other questions of pan-European importance will be discussed at the Informal ECOFIN meeting taking place in Vilnius on 13-14 September. |
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