The Rimi retail chain plans to launch its online trade in the Baltic states by 2020, Gustav Fernstrom.

As emphasised today during the joint high-level seminar held by the Bank of Lithuania and the International Monetary Fund (IMF), financial technologies (fintech) have a vast potential to benefit consumers and boost economic growth, yet fintech development needs to be properly managed to ensure resilience to potential risks.

In I quarter 2019, against the same quarter of 2018, labour costs per hour worked in industrial, construction and service enterprises (individual enterprises included), calendar adjusted, increased by 5.4%, of which in business enterprises – 3.7%.

Lithuania's state-run oil and LNG terminal operator Klaipedos Nafta (Klaipeda Oil) posted 49.7 mln euros in revenue in the first five months of this year, up 11.9% from 44.4 mln euros a year ago.

Imlitex, a company of Lithuania's raw materials supply group Imlitex Holdings, expects to take delivery of its first LNG cargo this weekend and plans to continue using the Klaipeda LNG terminal.

Lithuanian producers have been allowed to export frozen food products, including picas, dumplings etc, to Ukraine after Ukrainian and Lithuanian representatives agreed on that last year.

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.