EconomyLithuanian state-owned enterprise profit doubled in 20122013-07-15, 13:58State-owned enterprises recorded positive figures in 2012 – their combined net profit was EUR 126.5 million (LTL 436.8 million), more than double growth, according to the report published by the State-Owned Enterprise Governance Coordination Department of the State Property Fund, informs LETA/ELTA. Process of construction to accelerate in Lithuania in 20142013-07-12, 07:17The law related to planning of the territories which was arranged by the Ministry of Environment of the Republic of Lithuania will be legalized from January 1 in 2014, informs LETA/ELTA. Fuel from food crops have been pitched as a way to reduce carbon emissions from transport, however questions have been raised about how green these biofuels really are. The EU has supported them for the last 10 years, but last year the Commission proposed to limit the amount of food-based biofuels. We asked Corinne Lepage, a French member of the ALDE group in charge of steering the fuel quality and renewable energy directives through EP, about the challenges posed by biofuels. SEB: Lithuania's economy is currently the closest to the pre-crisis level in Baltics2013-07-11, 07:29Despite Latvia's economic growth, currently the steepest in the European Union, Latvia's accomplishments are rather relative when compared to those of Lithuania and Estonia, according to the latest macroeconomic report released by SEB Bank., informs LETA/Nozare.lv. Lithuanians invest a record sum of money in Belarus2013-07-10, 17:20This Wednesday in Mogilev, Belarus, a new industrial complex was opened. It cost 325 million litas and it belongs to 'Vakarų medienos grupė' (VMG) and SBA. This is one of the biggest direct Lithuanian investments into a neighbouring country. New rules for investing €325 billion in regional development projects across the EU in 2014-2020 were approved by the Regional Development Committee on Wednesday. This funding - roughly a third of the EU budget - will boost local growth and job creation. MEPs ensured that local and regional partners will have a bigger say in decisions, theme-based planning will be more flexible and regional policy will focus more closely on environmental issues. US energy giant Chevron claims it does not intend to pull out of Lithuania in response to the Seimas' decision to tighten the regime of shale gas exploration and production, Prime Minister Algirdas Butkevičius said. The first round of the EU-U.S. trade talks began yesterday, the 8th July, in Washington D.C., and will continue until Friday, informs LETA/ELTA.2013-07-09, 18:19"We are glad that the beginning of the Lithuanian Presidency of the Council of the EU will be marked by an event that is very significant for global economy. After all, if the negotiations are successful – and we shall make every effort to ensure that they are – not just the growth of economy and new jobs will be fostered, and new possibilities for EU, including Lithuanian, business given, but they will also have a positive impact on the development of global trade rules and standards," said Linas Linkevicius, the Minister of Foreign Affairs of the Lithuanian EU Presidency, which will last for six months. Prime Minister: Vilnius is broke2013-07-09, 13:07Prime Minister Algirdas Butkevičius argues that Vilnius City municipality is bankrupt since its financial obligations are 208 % above its income with loans comprising 118 % of the budget. This was declared during the press conference on Tuesday morning. J. Neverovičius: the Lithuanian presidency priorities – common energy market and external energy policy2013-07-09, 11:30The Minister of energy Jaroslavas Neverovičius this Monday in Brussels presented the priorities of the Lithuanian presidency in the energy sector. According to him, the most important policy areas are the completion of the EU energy market and the strengthening of the external energy. |
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