Lietuvos Gelezinkeliai (Lithuanian Railways) saw its revenue for January through February rose by 14.2% y-o-y to 81.9 mln euros, based on preliminary figures.

Maxima Grupe (Maxima Group), the largest retail group in the Baltics, has handed over the management of the Spanish Supersol chain, having 196 shops in Spain, to the Luxembourg-based Carson Sarl which is indirectly owned by Nerijus Numavicius, the owner of Lithuania's Vilniaus Prekyba, and other related persons.

Supersol CEO in Spain Vygintas Sapokas told the daily Maxima Grupe and Supersol reached a mutual agreement to end their cooperation as the group plans to focus on the expansion in Poland where it operated the Stokrotka chain.

According to Sapokas, Supersol's activity is still unprofitable.

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Austria's budget carrier Laudamotion is set to launch regular flights between Vilnius and Vienna next October, Lietuvos Oro Uostai (Lithuanian Airports, or LOU) said.

Electricity market prices fell across the Baltic region last week, to 41.88 euros per megawatt-hour (MWh) in both Lithuania and Latvia, down by 1% and 2%, respectively, and to 42.01 euros in Estonia, down by 1%.

The Board of the Bank of Lithuania has issued a payment institution licence to Earthport Payment Services, UAB, informed Bank of Lithuania.

New car sales in Lithuania grew at the fastest rate in the European Union in the first two months of 2019, according to figures from the European Automobile Manufacturers' Association (ACEA).

After the Lithuanian government decided on Wednesday that the 19-kilometer railway section between Mazeikiai and Renge, in Latvia, is not a project important to national security, the Lithuanian government commission checking deals of strategic companies on Thursday allowed Lithuanian state-run railway company Lietuvos Gelezinkeliai (Lithuanian Railways) to sign a contract on rebuilding that section after several months of hesitation.

After the obligation for regulated energy producers to buy gas from Litgas was lifted early this year, around 3 TWh of gas will enter the free market over the next year, increasing the gas market and exchange's liquidity.

Geton Energy, a subsidiary of the state energy group Lietuvos Energija (Lithuanian Energy), is expanding its wholesale electricity trading portfolio into Scandinavia by joining the regional power derivatives exchange Nasdaq Commodities OMX.

Maxima Grupė has established Maxima International Sourcing Poland – a unit of the subsidiary Maxima International Sourcing, which provides agency services to the group’s retail chains in the Baltics, Poland and Bulgaria. The goal of the new unit is to work closely with suppliers that operate in the neighboring country, both Polish companies and local representations of international companies, informed Maxima representative.