Electricity prices rose across the Baltic region last week amid a spell of cold weather, Elektrum Lietuva said .

Orlen Lietuva, the Lithuanian unit of Poland's oil group Orlen, increased its capital expenditure (CapEx) to 70.8 mln euros (304 mln zlotys) last year, up 16.6 % from 60.7 mln euros in 2017.

Germany's wood fiberboard manufacturer Homanit Holding, which a year ago dropped plans to purchase a subsidiary of Lithuania's wood processing group Grigeo, is planning to build a production facility close to Vilnius, informed Invest Litthuania.

The Bank of Lithuania has granted UAB iyzi Payments a payment institution licence authorising the provision of the following payment services established in the Republic of Lithuania Law on Payments: direct debits, card payments, credit transfers, issuance of payment instruments and/or acquisition of payment transactions.

The world's largest LNG bunker vessel Kairos is likely to arrive in the Lithuanian port of Klaipeda in the next few days.

The Bank of Lithuania assessed all available information on Revolut, including that recently made public by the media, while considering the UK-based startup's application for a specialized bank license, the central bank governor said.

The Lithuanian seaport of Klaipeda said its pretax profit rose by 9 % last year compared with 2017 to 34.7 mln euros as revenue increased by 7% to an all-time high of 63.7 mln euros.

L-Vejas, a Lithuanian capital company, is planning to develop a 60MW wind farm in Lithuania's northwestern district of Telsiai. The company does not disclose the value of the investment.

Damage caused by suspected criminal activity by two former managers and main shareholders of Lithuania's bankrupt bank Snoras are estimated at around 500 mln euros, prosecutors said after completing their pre-trial investigation in the bank asset misappropriation case.

Lithuania plans to withdraw from the Trans-European Railway (TER) project. The government will on Wednesday consider such a proposal by the Ministry of Transport, motivated by the lack of benefit for the country.