Lithuanian entrepreneur Milda Mitkutė, co-founder of Vinted / Kleiderkreisel, on being named one of the Top 10 Female Founders in the world, informed Invest Lithuania. Rating created by Business.Financing.co.uk.

Ignitis Polska, a Polish subsidiary of Ignitis, entered the country’s market of electricity and natural gas supply for business customers. Strengthening the position in the Polish market is one of the goals set in the renewed long-term corporate strategy of Ignitis Group. Founded in 2017, Ignitis Polska so far engaged only in the wholesale electricity trading on the stock exchange, selling up to five terawatt-hours of electricity per year in the Polish wholesale electricity market.

A new large shipment of liquefied natural gas (LNG) from Norway is on its way to the Lithuanian port of Klaipeda, marking the 16th such cargo in the gas year that started last October.

Banks in Lithuania saw their combined net profits drop by 25.8 percent in the first quarter of 2020 from a year ago to 65 million euros.

Lietuvos Gelezinkeliai (Lithuanian Railways, LG), Lithuania's state-owned railway company, is expanding to Poland and looking into buying a cargo company in Poland and is looking for consultants.

As the number of people living below the poverty line dropped in Lithuania in 2019, economist Rimantas Rudzkis says it reflects shrinking social inequality in the country and is a result of the state's social policy.

Axis Tech, a provider of energy production solutions and designer and manufacturer of customized equipment and metal structures for different industries, part of the Icor group, has produced a crane for 3.9 million euros for Azovstal, one of the largest steel rolling companies in Ukraine, part of the Ukrainian Metinvest group, and plans further expansion in the Ukrainian market.

Lithuania has on Tuesday borrowed 1.75 billion euros in the international capital markets by issuing a 30-year Eurobonds for 0.5 percent. The annual coupon is the lowest ever – it is more than three times smaller if compared to previous Eurobonds of the same maturity, the country's Finance Ministry said.

The Bank of Lithuania has transferred 13.771 million euros of its 2019 net profit to the state's coffers, 8.4 percent more than last year and 8.4 percent more than planned.

Kormotech, a family-owned pet food manufacturer from Ukraine, has completed its new factory in Lithuania. The wet pet food plant in Kėdainiai Free Economic Zone (FEZ) will help the company to increase production capacity and reach customers in other countries more efficiently. The investment exceeds EUR 15 million, informed Invest Lithuania.