Lithuania approves growing hemp for textiles

Lithuania on Thursday legalized growing hemp as of January for the industrial-scale production of textiles, making it the last of the EU’s 27 members to give it the green light.
BusinessFriday, 15:15, May 24., 2013 Read more

Turkish legislators debate oil law to attract foreign explorers

Turkey, which gets almost all its energy from abroad, debated a law on Wednesday that seeks to lure foreign companies to explore for oil and gas and end the preferential treatment of state-run TPAO Turkiye Petrolleri AO (TPAO), media reported
BusinessThursday, 15:50, May 23., 2013 Read more

Lithuanian industrial production increases in April

Lithuania’s industrial production climbed 6.1% from a year earlier in April, the Vilnius-based Statistics Lithuania reported on Tuesday.
EconomyWednesday, 14:05, May 22., 2013 Read more

Lithuania’s jobless rate rises modestly in Q1

Lithuania’s unemployment rate edged up to 13.1% in the first quarter from 13% in the fourth quarter, the Department of Statistics in Vilnius said on Friday. The latest figure was notably lower than 7.3% recorded in the first quarter last year.
EconomyTuesday, 18:00, May 21., 2013 Read more

IMF sees Cyprus growth in 2015, warns of pitfalls

Cyprus should return to growth in 2015 after three years of deep recession, the International Monetary Fund said on Friday, but will need to ensure that its sweeping austerity program does not slip off the tracks.
EconomyTuesday, 15:00, May 21., 2013 Read more

British company plans to open R&D centre in Vilnius

UK’s IDScan Biometrics, a leading European provider of solutions for ID authentication, has chosen Lithuania to establish an R&D unit, wrote news2biz Lithuania.
BusinessTuesday, 14:00, May 21., 2013 Read more

Cyprus eases limits on 8 more banks

Cyprus has further relaxed restrictions on foreign banks that were imposed after the debt-laden country sought the $30 billion bailout.
BusinessTuesday, 10:45, May 21., 2013 Read more

Pápai Hús offers to pay suppliers at discount, over time

Troubled meat company Pápai Hús 1913 is offering to pay suppliers 70% of its liabilities, in several installments until the end of 2014.
BusinessFriday, 13:35, May 17., 2013 Read more

Fitch Rating raises ratings for Greece

Ten-year Greek government bond yields tumbled on Wednesday, after Fitch Ratings on late Tuesday said, it upgraded the country’s sovereign credit ratings.
EconomyThursday, 11:35, May 16., 2013 Read more

Late payment costs European companies €350 bln

European companies lost €350 billion ($450 billion) last year due to late or unpaid bills, underlining fears that small businesses expected to drive economic recovery are faltering in a prolonged recession.
BusinessTuesday, 17:45, May 14., 2013 Read more

Hungary trade surplus reaches €753.4 mln in March

Hungary had a €753.4 million trade surplus in March, up from €588.9 million a year earlier, the Central Statistics Office (KSH) said in a first reading of data on Friday.
EconomyMonday, 16:35, May 13., 2013 Read more

Cyprus March trade shortfall narrows

Cyprus’ merchandise trade deficit dropped to €252.13 million in March from €286.91 million in February.
EconomyMonday, 15:40, May 13., 2013 Read more

Lithuania trade deficit narrows Sharply In March

Lithuania’s merchandise trade deficit fell to LTL 51.8 million (€15 million) in March from LTL 389.7 million in February, the Department of Statistics said.
EconomyMonday, 11:40, May 13., 2013 Read more

Lithuanian inflation weakens for fourth month in April

Lithuania’s consumer price index rose 1.2% year-on-year in April, slower than the 1.5% gain seen in March, latest data from the Department of Statistics in Vilnius showed
EconomyFriday, 17:15, May 10., 2013 Read more

Number of Hungarians down 1.4 mln in region

There were 10.4 million people, in the Carpathian Basin who professed themselves to be Hungarian at the 2011 census, the Central Statistics Office said.
BudapestFriday, 15:30, May 10., 2013 Read more

Cyprus retail sales fall in February

Retail sales in Cyprus decreased 9% month-on-month in February, preliminary data from the Statistical Service in Nicosia showed Thursday.
BusinessFriday, 14:00, May 10., 2013 Read more

Oil export slump slashes Russia’s Q1 foreign trade surplus

Falling oil exports to Europe and ex-Soviet republics were among factors that slashed Russia’s foreign trade surplus by 13.6% in January-March year-on-year to $54 billion.
BusinessFriday, 07:50, May 10., 2013 Read more

Slovak March trade surplus rises

The Slovak trade surplus increased to €527.2 million in March from €450.2 million in February, data published by the Statistical Office in Bratislava showed Thursday.
EconomyFriday, 07:15, May 10., 2013 Read more

Poland’s first Rolls-Royce dealership to open in H2

The first Rolls-Royce automobile dealership will open in Warsaw in the second half of this year, luxury British motor company has announced.
BusinessThursday, 14:40, May 9., 2013 Read more

Lithuania producer prices decrease in April

Lithuania’s industrial producer prices decreased for a second straight month in April, data from Statistics Lithuania showed Wednesday.
EconomyThursday, 10:55, May 9., 2013 Read more
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