EconomyIn April 2020, against March, prices for the total industrial production sold in Lithuania decreased by 5.3%, refined petroleum products excluded – by 1.5%. The overall price change was influenced by a decrease in prices for refined petroleum products, as well as by an increase in prices of computer, electronic and optical products. Wind farms in the Baltic Sea could meet one quarter of Lithuania’s electricity demand, the country's Energy Ministry says, having prepared proposals on the location and capacity of wind power turbines in the Baltic Sea. An international energy company Ignitis Group is preparing for an issue of bonds worth up to EUR 300 mln. Borrowed funds will be directed to the general corporate purposes, including refinancing of existing indebtedness. Lithuania's top 500 taxpayers paid a total of 1.308 billion euros in taxes to the state in the first quarter of 2020, up by 1.7% from 1.286 billion euros in the same period last year, according to figures from the State Tax Inspectorate. This year's seventh tanker with oil for Belarus, this time from Saudi Arabia, is expected to arrive in the Lithuanian port of Klaipeda later this week. A record number of 646 people asked for asylum in Lithuania last year, the country's Migration Department told. Lithuania’s budget will in 2020 record a revenue shortfall of up to 1.5 billion euros, or approximately 12% of the full-year revenue target, due to the coronavirus crisis, Deputy Finance Minister Migle Tuskiene has said. The flow of new loans provided by Lithuanian commercial banks has shrunk amid the coronavirus lockdown, due in part to a decline in demand for loans, the central bank's governor said on last Thursday. Lithuania’s individual investors have stepped up trading in securities during the coronavirus crisis fuelling a substantial increase in activity in the securities market of the Baltic countries, the representatives of Swedbank and SEB, the biggest country’s commercial banks, have said. Lithuania's electricity transmission grid operator Litgrid saw its net profit surge 174% to 9.111 mln euros in the first quarter of this year, from 3.325 mln euros in the same period last year, Litgrid said in a stock exchange release. |
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