Jun 20 2012, no 340

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Highlights from this issue:

TOP STORIES
- Interview: The Danish Technological Institute that is at the forefront of robot development in Europe, is ready to help Lithuanian businesses to venture into this new field that is experiencing exponential growth worldwide (page 2). Read more here

- Lithuanian pay-by-phone pioneer Mokipay Europe will try to roll out the system in Denmark through local partners that it will seek thanks to an innovation award by Danish investors in Lithuania (page 12).

- Lithuania's current account deficit soared to 9.2% of GDP in Q1 2012 due to higher foreign trade and income deficits and lower current transfers surplus. Meanwhile, inward and outward FDI flows recovered strongly (page 16).

MANUFACTURING
- Danes encourage Lithuania to develop a place in robotics
- Newcomer Dominari plans rising to a sofa powerhouse
- Producer price inflation bottoming out in May

FINANCE
- Inflation & budget deficit biggest challenges for EUR changeover
- Joint ATM network idea scrapped as SEB bank walks out
- Nomura brings in another trading firm to Baltic bourses
- Snoras bank creditors set up committee, at last

PROPERTY & CONSTRUCTION
- Finnish YIT wins huge IKEA store construction order in Vilnius
- Swedish Genesta's new property investment fund has no Baltic targets
- Norwegian HeatWork leaves Baltics, Poland
- Latvian road builder Latvijas tilti wins first order in Vilnius

ENERGY & RESOURCES
- Estonian Nelja Energia launches another 13.8 MW wind farm, plans more
- Precizika solar panel plant's first major project in Bulgaria
- Energijos tiekimas pioneers green electricity as product
- Latvia may delay the Visaginas NPP project

TRANSPORT & LOGISTICS
- Itella Logistics cuts costs in Klaipeda, inks Baltic deal with GLS
- Russian Kamaz plans to assemble trucks in Lithuania for EU market
- New car re-export subsides but Peugeot thrives
- Parcel terminals: Estonians step in, Lithuanians buy at home

FOOD & AGRICULTURE
- Alcohol consumption and import at record levels
- Gov't mulls stricter regulations for private farming land market
- Food industry eyes cheaper (EU-aided) renewable energy

IT & TELECOM
- Lithuanian pay-by-phone pioneer Mokipay to seek partners in Denmark
- Omnitel mobile firm starts national network upgrade

RETAIL & SERVICE
- Danish lingerie chain Change enters Baltics
- Polish LPP fashion firm launches fourth brand, Mohito, in Klaipeda
- Retailers want to tackle Poland shopping problem through lower VAT
- Watchdog fines Iki food retailer for unfair practices
- Lithuanian MG Baltic sells magazine portfolio. To Uspaskich?

ECONOMY & POLITICS
- Interview: Investors seek common language with municipality
- Labour costs up 4.3%, growth loses steam in services
- B2B service rates keep heading down in Q1
- CA deficit soars to 9.2% of GDP in Q1

EVENTS
- Solar Energy Prospects, business visit, 21 June
- Energy Exchange Development, discussion, 26 June
- Sales Team Management, seminar, 26-27 June
- Lithuanian Airports: Issues and Perspectives, briefing, 27 June
- Doing Business in Denmark, seminar, 28 June
- US Independence Day, party, 4 July

KEY FIGURES
- Wages, inflation, consumer price index, producer price index, industrial output, construction price index and construction volumes, real estate prices and transactions, retail trade, sentiment indicators, currency, credit, interest rates, money supply, stock exchange, foreign trade, current account, GDP, FDI, unemployment, regional data, country ratings, real earnings and key economic data forecast 2011-2013.

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