Energy, Financial Services, Good for Business, Lithuania, Markets and Companies

The economists explain that the growth of profit, among other things, was driven by falling prices for energy resources, the Verslo Zinios business daily reports on Wednesday.

Indre Genyte-Pikciene, chief analyst with DNB Bankas, told the daily that the general macroeconomic trends were grim this year but non-financial enterprises benefited from falling prices for energy resources.

“The financial wellbeing of Lithuania’s companies is very good today, perhaps even too good. Record liquid assets and retained profits show that companies aren’t able to put their profit at work successfully, that they lack ideas. Money is not returned to shareholders and is not invested, either,” Nerijus Maciulis, chief economist with Swedbank Lithuania, told the daily.