The United Arab Emirates' financial services and consulting company Royal Investment Consortium is establishing its business in Lithuania.

In the first quarter 2019, against the fourth quarter 2018, the real gross domestic product (GDP) change stood at 1.0%. Statistics Lithuania informs that in I quarter 2019, GDP at current prices amounted to EUR 10.6 bn.

Grain purchase prices in Lithuania mostly moved down in mid-May, according to the Agricultural Information and Rural Business Center's latest publication Agrorinka (Agrimarket).

Electricity market prices in Lithuania rose by 11 % last week from a week earlier to 50.6 euros per megawatt-hour (MWh) on average, Elektrum Lietuva said.

LG Cargo, the freight transportation subsidiary of the state railway company Lietuvos Gelezinkeliai (Lithuanian Railways), is set to launch a new container train service between Klaipeda and Kiev in June.

Lithuania's Energijos Skirstymo Operatorius (Energy Distribution Operator, or ESO) is revising the terms of its tender for smart electricity meters, originally valued at around 200 million euros, with a new invitation for bids to be issued shortly.

Germany's rail logistics giant VTG has established a company in Lithuania. VTG Project Logistics Baltics was registered on May 20 with an authorized share capital of 30,000 euros and Violeta Vlasoviene as CEO, according to information from the Center of Registers.

Around 130 mln euros will be invested into the expansion and reconstruction of Lithuania's largest Vilnius Airport over the next four years, until 2022, and annual revenue of Lietuvos Oro Uostai (Lithuanian Airports, LOU), the sate-run operator of three airports in Lithuania, is set to grow by around 43% to 63 mln euros.

Natural gas prices for Lithuanian households will remain unchanged in July, the market regulator has confirmed.

Some foreign experts believe that the use of the Klaipeda liquefied natural gas (LNG) terminal could be expanded, for example, to generate electricity and heat energy, thus reducing its costs for consumers.