Date: 03.05.2018.

International Internet Magazine. Baltic States news & analytics Wednesday, 17.10.2018, 04:15

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Lithuania is joining OECD

Lithuania is joining OECD

03.05.2018

Lithuania is joining the Organization for Economic Cooperation and Development (OECD) as the decision on this has been made, Lithuanian Prime Minister Saulius Skvernelis told the Seimas on Thursday, cites LETA/BNS.

Keyword tags: Analytics, Economics, Legislation, Lithuania



Rail Baltica to be designed by 2021

Rail Baltica to be designed by 2021

03.05.2018

The major part of Rail Baltica, the European-standard gauge railway, should be designed by 2021, but the design of the Vilnius-Kaunas link will depend on European funding, a representative of RB Rail, the Baltic states' joint company implementing the project, says, cites LETA/BNS.

Lithuania introduces world's 1st security ICOs platform

Lithuania introduces world's 1st security ICOs platform

03.05.2018

Lithuania is introducing the world's first security ICO crowdfunding platform, DESICO, aimed at creating a safe and legally regulated environment for startups and investors to develop fintech and blockchain technologies, the Finance Ministry said on May 3rd, informs LETA/BNS.


EU commission raises Baltic GDP growth

EU commission raises Baltic GDP growth

03.05.2018

The European Commission has revised upwards its Lithuanian GDP growth forecasts to 3.1% for 2018 and 2.7% for 2019. The forecasts released on Thursday are up from the Commission's estimates of 2.9% and 2.6%, respectively, published in February. The Latvian economy is expected to grow by 3.3% this year, informs LETA. Estonia's growth projected at 3.7% and 2.8%.

Latvian monetary financial institutions earn EUR 90 mln in Q1

Latvian monetary financial institutions earn EUR 90 mln in Q1

03.05.2018

Latvian monetary financial institutions (mostly banks) earned EUR 90.1 million in aggregate profit in January-March 2018, down 13.5% against the same period last year, the Bank of Latvia reported LETA.


03.05.2018

Stockmann in Riga sees turnover drop 5.8% in 2017

Stockmann department store in Riga turned over EUR 48.627 million in 2017, which was a 5.8% drop from 2016, but the company made a EUR 1.176 profit, recovering from a loss incurred in 2016, writes LETA, according to information available at Firmas.lv.

03.05.2018

Orlen Latvija raises turnover by 29.5% in 2017

Orlen Latvija, a subsidiary of Lithuanian fuel wholesaler Mazeikiu Naftos Prekybos Namai, turned over EUR 460.97 million in 2017, which was a 29.5% increase against a year before, while the company’s profit grew 28.1% to EUR 2.325 million, informs LETA, according to information available at Firmas.lv.

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