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Investment in tangible fixed assets in Lithuania grew by 5% in Q2

BC, Vilnius, 26.08.2014.Print version
Based on preliminary data provided by Statistics Lithuania, in the second quarter of 2014, investment in tangible fixed assets in Lithuania amounted to LTL 4.3 billion (EUR 1.2 billion), i.e. by 5% more at constant prices than in the second quarter of 2013, writes LETA/ELTA.

In the first half of 2014, investment in tangible fixed assets stood at LTL 7.7 billion (EUR 2.2 billion), compared to the first half of 2013 it increased by 12%. Investment in residential construction was LTL 1 billion (EUR 305 million), by 16% more than in the first half of 2013.

 

According to Statistics Lithuania, in the second quarter of 2014, more than half of all investment (LTL 2.4 billion or EUR 695 million) was made in the construction of buildings and engineering structures. Compared to the second quarter of 2013, investment in this sector increased by 7%.

 

Investments in tangible fixed assets at current prices
Source: stat.gov.lt

 

Investment in machinery, equipment and vehicles made up 38% of total investment (LTL 1.64 billion or EUR 475 million). Compared to the second quarter of 2013, it increased by 2%.

 

In the second quarter of 2014, investment in the construction and purchase of residential buildings amounted to 504 million (EUR 146 million), or by 22% more year-on-year.

 

In the second quarter of 2014, investment in transportation and storage constituted one fifth of total investment, while investment in residential construction accounted for 18% of total investment. Public administration investment constituted 14% of total investment.






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