Lithuania's consumer confidence indicator went up by 7 percentage points in June from May to minus 4 percent, the latest figures from Statistics Lithuania, Lithuania's statistics service, showed on Friday.

Biogen, a US-best biotechnology company, one of the largest in the world, has established a subsidiary in Lithuania and it plans to research, produce, test and sell pharmaceutical and biological products.

Rail Baltica, a European standard gauge railway that will connect the Baltic countries, will also improve military mobility, General Jorg Vollmer, commander of Allied Joint Force Command (JFC) Brunssum, has said.

Lithuania’s Seimas has lifted the tax-free income threshold, which will be applied to all labor income this year, by 50 euros, to 400 euros.

The Lithuanian seaport of Klaipeda handled 18.4 mln tons of cargo in January through May 2020, a decline of 6.7% y-o-y.

The average wholesale electricity price in Lithuania fell by a preliminary 39% y-o-y in the first half of 2020, Lithuania's power transmission system operator Litgrid has said citing its analysis.

Lithuania's exports rose 4.8% to 29.624 billion euros in 2019, and imports grew 3.3% to 31.949 billion euros, according to the final figures published y the country's statistics office, Statistics Lithuania.

Russia's discount supermarket chain Svetofor, which operates in EU countries under the Mere band, has launched its first Lithuanian store in Kaunas, with plans to open 40 stores in Lithuania in 2020.

Lithuania will complete Rail Baltica by 2026, the country's deputy transport minister said on Wednesday after European auditors warned that the European standard-gauge railway project may run well over budget and behind the scheduled completion date.

Workers from Ukraine and Belarus can come to Lithuania more easily after the end of quarantine in the country.