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.

Lietuvos Energijos Gamyba (Lithuanian Energy Production, LEG), part of Lithuania's state-run energy group Lietuvos Energija, is getting ready for the assessment of the need for a new hydro aggregate at the Kruonis Pumped Storage Plant.

Direct flights between Vilnius and the Georgian capital of Tbilisi will be launched in April following a break of ten years.

Lithuania's state-run railway company Lietuvos Gelezinkeliai (Lithuanian Railways) hopes to exceed the 50 million euro profit mark.

Statistics Lithuania informs that in December 2018, the economic sentiment indicator stood at 4 and, against November, decreased by 1 percentage point. The retail trade confidence indicator decreased by 4, construction – 2, consumer and services – 1 percentage point. The industrial confidence indicator remained unchanged.

Energy Minister Zygimantas Vaiciunas expects that the Baltic power grids' synchronization with the continental European system will not cost Lithuanian consumers more than the NordBalt power link with Sweden, saying efforts are being made to secure the highest possible EU funding for the project.

The Lithuanian government endorsed on Wednesday a financial technology (fintech) sector development plan worked out by the Finance Ministry.

The planned relocation of the Lithuanian Agriculture Ministry from Vilnius to Kaunas is estimated to cost around 1.13 mln euros, with the lessor of new premises in Lithuania's second-biggest city to be named next summer.

The chairman of the Lithuanian parliament's Committee on Budget and Finance has turned to the Financial Crime Investigation Service (FNNT) and the State Security Department (VSD) over the UK-based startup Revolut's activities.

Lithuanian companies' cumulative direct investment abroad totaled 3.7 billion euros in late September 2018, a rise of 19% compared with a year ago.