May 26 2010, no 296

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TOP STORIES

- Having grown even during the economic recession, Lithuanian service providers are expanding abroad: Coffee Inn chain goes to Riga's Old Town while Baltic Ground Services eyes Polish airports (page 9 & 12).
 - Statisticians report depressing figures for construction sector in Q1 but local builders report rising demand and need for more jobs (page 7).
- Danes from Vilnius-based 1Q consultancy and Danish Kurt Hansen are eager to introduce compatriot metal processors to outsourcing benefits in Lithuania: lower costs and shorter lead times (pages 2).
 
MANUFACTURING
- Systemair gets EU aid for LTL 15m ventilation plant.
- Oil products keep pushing industrial growth forward.
- Vouchers to help build innovation bridges.

FINANCE
- Swedbank to consolidate product development in Stockholm.
- British Liquidnet enters Vilnius equity market.
- Sweden's Realfond Skog far from SEK 640m limit.
 
FOOD & AGRICULTURE
- Stumbras seeks its place in natural drinks segment.
- Linas Agro to boost fertiliser business.
- Danish farmer plans big near Mazeikiai.
- Govn't examines aid options for greenhouse firms.
 
PROPERTY & CONSTRUCTION
- Secura property fund exit delayed, market stabilisation seen in 2010.
- Private property tax: in 2011 but still lacks clarity.
- Estonian Sadolin rep buys into Lithuanian peer.

RETAIL & SERVICE
- Apranga takes over Baltic Promod business from Latvians.
- Double Coffee shrinks, plays restructuring games.
- VU tops university ranking, employer preferences rise.

IT & MEDIA
- Lithuanian Tobe in world's smallest GSM tracker project.
- Omnitel tests 4G standard, Bite to follow in early 2011.

TRANSPORT & LOGISTICS
- Danish Kaj Madsen hires drivers from Kaunas.
- DHL reports steep rise in express shipments, wants bigger plane to Vilnius.
 
ENERGY & ENVIRONMENT
- Swedish Järnforsen biofuel plant maker notes rise in Baltic demand, mulls outsourcing.
- Government consolidates power sector, breaks up gas.
 
ECONOMY & POLITICS
- Taxation changes planned for 2011 budget.
- Unemployment soars to 18%, still lowest in Baltics.
- CA deficit here again: 2.6% of GDP in Q1.

EVENTS (Vilnius, Trakai)
- German Business Awards, 27 May.
- Baltic Development Forum, 31 May – 2 June.
- Investing in Turbulent Times, seminar, 8 June.
- Tax Planning: Reducing the Burden & Minimising the Risk, seminar, 8 June.
- 100 km VW Roadshow, 12 June.

KEY FIGURES
- Wages, real earnings, trade, inflation, interest rates, retail trade, industrial output, GDP, key economic data forecast 2010-2011, etc.

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