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Lithuania's GDP grew by 3.8% in the second quarter and 3.3% in the first half of the year. Lithuanian Railways (LTG) reported a 7% increase in revenue for the first half, though its EBITDA declined by 9%. While 'Elektrum Lietuva' noted a 22% drop in electricity prices due to renewable energy, experts warn of a potential doubling of prices by September. Significant new regulations have come into force, the CEO of Revolut clarified the company's future in Lithuania, and competition is high for…
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Second Estimate: Lithuanian GDP Grew 3.8% in Q2, 3.3% in Half-Year
The second estimate for Lithuania's GDP shows a growth of 3.8% in the second quarter and 3.3% over the first half of the year.
LRT:
LTG revenue grew 7% to 261 million euros in the first half, EBITDA fell 9%
Lithuanian Railways (LTG) reported a 7% increase in revenue to 261 million euros for the first half of the year, though its EBITDA saw a 9% decline, indicating mixed financial performance.
LRT:
'Elektrum Lietuva': electricity prices fell 22% due to increased renewable…
'Elektrum Lietuva' reports a 22% decrease in electricity prices, attributed to a rise in renewable energy production within Lithuania.
Delfi:
Warning about electricity price in September: it may double
Experts are warning of a potential doubling of electricity prices in Lithuania by September.
Lrytas:
Important Changes Take Effect Today, Affecting Many
Significant new regulations have come into force today, which are expected to impact a broad range of people and businesses, as reported by Verslas (Business).
Verslo žinios:
EU Presidency Catering Tender: Competitors Doubt Low Price Feasibility for…
Competitors are skeptical about the feasibility of organizing formal official lunches for the EU presidency with the current tender price.
Delfi:
'Revolut' CEO ends speculation about future in Lithuania: I state clearly
The CEO of 'Revolut' addresses and clarifies speculations regarding the company's future operations and presence in Lithuania.
Verslo žinios:
Intrigue Brews in Kaunas Office Segment as Golden Times End
The office market in Kaunas is facing a developing intrigue as the period of high growth and favorable conditions appears to be over.
Verslo žinios:
J. Kenstavičius, after selling 'Norvelita', plans to focus on real estate
Jonas Kenstavičius, having sold his stake in the company 'Norvelita', is now considering focusing his future endeavors on the real estate market.
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