The Lithuanian and Estonian units of the infrastructure project company YIT Infra, which is part of Finland's construction group YIT, have won a contract to upgrade the first 4-kilometer section of the Soviet-built Vilnius-Utena highway.

UK-based financial technology startup Revolut has obtained a specialized bank license in Lithuania that will allow it, among other things, to provide loans and accept deposits.

A new LNG shipment, meant for Litgas, is scheduled to arrive in Lithuania's port of Klaipeda on Wednesday. It will be a 12th shipment this year.

Vilnius, which is titled one of the most magical Christmas cities in Europe, introduced a 5-week winter holiday programme, as impressive and full of miracles and surprises as always. So what magic can residents and guests of the city expect this year in the Christmas capital?

The latest Survey of Households commissioned by the Bank of Lithuania revealed that, despite their improving financial health, a large number of families would still like to earn at least 400 EUR more to be satisfied with their living conditions in Lithuania.

MG Baltic-controlled Apranga, the biggest clothing retail group in the Baltics, ties next year's revenue growth plans to investment in the renewal and development of its chain.

The child benefit will go up from 30 to 50 euros from next year in Lithuania, the country's parliament decided on Thursday.

Anticipation was high leading up to the annual lighting of the Christmas tree at Vilnius’ Cathedral Square this evening. Lithuania’s capital has received a lot of global attention over the years for its unique and stunning Christmas Trees, and this year’s creation, which looks like a giant clock from above, certainly did not disappoint, promise Go Vilnius representative.

Estonian-capital construction company Merko Statyba will build the new building of Kaunas County Chief Police Commissariat after winning the construction tender.

Investment in commercial RE in Lithuania is at record highs, however, the development of housing and other RE market segments is balanced. Interest rates on housing loans are gradually increasing – likely due to rising demand and reduced competition, while decisions to encourage house purchase in the regions can raise RE prices in areas deemed eligible for housing support. These and other important RE issues are discussed today in the Bank of Lithuania’s annual Real Estate Conference in Kaunas.