BTA strengthens its position in the Lithuanian market and gets the Namejs Award as the Latvian entrepreneur who has made the largest payments to the Lithuanian budget.
After operational results of the first half of the year the BTA Insurance Company SE branch in Lithuania showed stable development at the end of the year, tending to show better results than the last year.
In the annual Namejs Awards ceremony organised by the Latvian Chamber of Commerce in Lithuania, where the most successful Latvian companies operating on the Lithuanian market are traditionally honoured, the BTA Lithuanian branch won the award and the silver Namejs ring in the category “The Largest Taxpayer in the Lithuanian Budget”. The other nominees in this category were the Latvian companies UAB Likmere (Latvijas Finieris) and AB Citadeles Banka. The award confirms BTA’s successful operation in the neighbouring country’s market. As every year, this year the Latvian companies were awarded in such nominations as the best results, largest investment in Lithuanian economy and innovations, best employers, largest taxpayers in the Lithuanian budget and the largest exporters.
Tadeuš Podvorski, director of the BTA Lithuanian branch: „Actually it is a very interesting, and at the same time important, nomination since it shows not what we have achieved in the field of insurance, but to what extent we have helped the economy of Lithuania – the country we operate in. I think it is very important. I believe that each company, irrespective of the market it operates in, must work based on the honesty principles, and every company must pay taxes – it is its obligation.”
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In February 2002 the Latvian insurance company BTA acquired 100 % of the shares of the Lithuanian insurance company LTB Draudimas and entered the Lithuanian market under the name BTA Draudimas. In 2009 the company’s sales reached LTL 134.78 million, which made the company the second largest non-life insurer in Lithuania. In 2010 BTA sales in Lithuania amounted to LTL 132.91 million. In Lithuania BTA offers a wide range of services for individuals and legal entities; the most popular types of insurance are MTPL and property insurance.