The Lithuanian unit of Barclays Group Operations Limited may make an announcement in early December that could mean that the British bank's exit from the country will be of a larger-scale than it has been until now, accroding the business daily Verslo Zinios information.

The head of supply chain operations at Norway's Yara International, one of the world's largest mineral fertilizer manufacturers, says the company's business service center in Vilnius will both coordinate the movement of raw materials and goods and provide new-quality services to customers, the business daily Verslo Zinios reported on Friday.

International money transfer platform Transferwise has opened a euro account in Bank of Lithuania, gaining direct access to the instant euro payments system.

Offshore wind farms will be built in the Baltic Sea in 2021-2022 at the earliest, Lithuanian Energy Minister Zygimantas Vaiciunas told a Baltic energy conference.

The governance of state-run companies will become more transparent and their activities will be more effective if they are listed on the stock market, Masamichi Kono, deputy secretary general at the Organization for Economic Co-operation and Development, told the Lithuanian Verslo Zinios business daily.

In a reversal of its earlier decision, a special government commission has ruled that Lithuania's railway and seaport cargo handling group Kamineros Grupe meets national security interests, giving the green light its expansion at the port of Klaipeda.

Lithuania's electricity transmission grid operator Litgrid saw its consolidated net profits for January through September plunge to 2.68 mln euros, down from 7.317 mln euros in the same period last year.

After Pigu, Lithuania's largest e-trade company, on Wednesday announced its merger with Poland's Morele, the CEO of its competitor, Varle, warns that the planned merger is aimed at preparing the new company to be sold off later.

The industrial and medical gas company AGA in the Baltics invests 20 mln euros in a new production plant in the Kėdainiai free economic zone, Lithuania. The Air Separation Unit will produce oxygen and nitrogen for the Baltic market, informed the company’s representatives.

The price of electricity rose 11% in Lithuania over a week, and the growth was the fastest among the Baltic states. A drop of 30% in the generation capacity of the Estonian-Finnish power link EstLink contributed to the rise in power prices in the region.