South Korea's Onyks, whose sole shareholder is Hong Soo Kim, hopes to revive the largest producer of charcoal for gastronomic needs in the Baltic states and the Scandinavian region.

British-owned Lithuanian life insurance and pension funds company Aviva Lietuva posted 10.7 mln euros in net profits last year, up 1.9% from 10.5 mln euros in 2017.

Written premiums rose by 1.4 to 49.2 mln euros, and pension fund payments were up 5% to 74.1 mln euros, Aviva Lietuva said in a statement on Thursday.

The assets of life insurance and pension funds, managed by Aviva Lietuva, grew 5% to 663 mln euros, and the number of valid life insurance and pension fund contracts inched up 1% to 292,000.

"The results show that we are building a circle of loyal clients as the number of life insurance and pension fund contracts rose by more than 3,000 in 2018," Aviva Lietuva CEO Asta Grabinske said in the statement.

The Lithuanian company is part of Aviva, one of the world's biggest insurance groups.

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Lithuania's wood processing company Juodeliai is starting the construction of a world-level production facility for packaging elements in the southern town of Marijampole, and its production capacity will double.

Lithuania's Modus Group said it has signed an agreement with the European Bank for Reconstruction and Development (EBRD) on an 11.3-million-US-dollar loan for the construction of two biogas plants in Belarus.

As part of a renewable energy cooperation deal, Lithuania is a transferring a share of renewable energy statistics to Luxembourg for over 8 mln euros, with the money to be invested in small-scale green energy, promotion of renewable energy communities and scientific research.

Lietuvos Oro Uostai (Lithuanian Airports, or LOU), the state-run operator of Lithuania's three international airports, said its net profit increased three-fold last year compared with 2017 to 8.4 mln euros as revenue jumped by 32.95 to 44 mln euros.

Denmark's JBS Textile Group is strengthening its production in Lithuania through the acquisition of Sparta, a sock factory operating in Vilnius for 100 years now, with plans to manufacture not only socks.

SEB Bankas is providing a 10-million-euro loan to Intersurgical to help the international medical device manufacturer finance its 22-million-euro project for building a new disposable breathing system warehouse in the eastern Lithuanian town of Pabrade.

S&P Global Ratings has kept Lithuania's long-term borrowing rating at A with a stable outlook.

Norwegian-owned Lithuanian electronic product manufacturer Kitron posted almost 150 million euros in revenue last year, up 23% from 2017, and the number of its employees rose by almost a tenth.