Lithuania's Modus Group is planning to invest at least 38 mln euros by the end of 2020 in the development of solar power plant farms in Spain.

BaltCap, the largest private equity fund manager in the Baltic states, has raised EUR 126 million to set up BaltCap Private Equity Fund III for capital investments in the Baltic and Nordic region.

Lithuania's state-run oil and LNG terminal operator Klaipedos Nafta (Klaipedos Oil, KN) said on Wednesday it’s currently negotiating an operations and maintenance services agreement for a LNG terminal in Brazil with Brazils' Gas Natural Acu (GNA), KN announced via the Nasdaq Vilnius Stock Exchange.

Wholesale electricity prices declined across the Baltic region last week, with the lowest price registered in Lithuania.

President Gitanas Nausėda took part in the opening of the German manufacturing giant Continental and launched its first production line. The automotive plant, located in the Kaunas Free Zone, will manufacture passenger safety and smart driver assistance systems, including door and seat control units, gateways and units for intelligent glass control, gearbox and lighting systems, adaptive cruise controls and sensors.

German car parts giant Continental is launching its electronic components factory near Kaunas this week, more than a year after the construction was launched.

The chief executive officer of Lithuania's bicycle manufacturer Baltik Vairas, which sells 95 percent of its products to the Netherlands and Germany, believes that the future belongs to electric bikes, the Lrt.lt online news site has reported.

CityBee ride-sharing company has invested EUR 1.5 million in expanding its operations in Latvia to start car-sharing services in Riga.

Klaipedos Nafta (Klaipeda Oil) has extended its oil product handling contract with BNK (UK) Limited, a subsidiary of Belorusskaya Neftyanaya Kompaniya (Belarusian Oil Company, or BNK), Belarus' biggest oil product exporter.

Listed shipper AS Tallink Grupp has acquired exclusive development rights for global fast food chain Burger King in the Baltic states, the first Burger King restaurants are planned to be opened in Tallinn this winter and the first restaurants in Latvia and Lithuania in the first half of 2020, Tallink told the stock exchange.