Nordic Sugar Kedainiai, a Lithuanian company own by Nordic Sugar, one of the largest sugar producers in Europe, plans to invest 12 mln euros into its plans upgrade.

Statistics Lithuania informs that, based on non-final data obtained from customs declarations, Intrastat reporting and VAT returns data, exports in October 201ą8 amounted to EUR 2.71 billion, imports – EUR 3.05 billion. Exports of goods of Lithuanian origin amounted to EUR 1.65 billion. The foreign trade deficit of Lithuania amounted to EUR 0.33 billion.

General advertising volumes grew 12.6% in the first ten months of this year.

The average age of seven aircraft used by GetJet Airlines, a Vilnius-based air carrier that will fly customers of Lithuania's two biggest tour operators, Novaturas and Tez Tour, is 24 years and 9 months, which is a concern by modern aviation standards.

Smart Energy Fund powered by Lietuvos Energija, managed by Contrarian Ventures is investing in French and US start-up Sterblue which develops software for non-pilot aircraft (drones) allowing inspecting power lines and wind turbines without human intervention.

HCL Technologies, a multinational technology company which has been working with British bank Barclays for past four years, plans to expand its operations in the Nordic and other European countries, Rahul Singh, president of financial services sales at HCL Technologies, says after Barclays announced its plans on Tuesday to close its operation center in Vilnius and move 460 jobs to HCL Technologies.

The Lithuanian government approved on Wednesday an improved draft budget for 2019, allocating additional funds for municipal budgets and educators' salaries.

The Nordic Investment Bank (NIB) and Lidl Lietuva have signed a ten-year, 50-million-euro loan agreement to finance the German-owned grocery chain's expansion in Lithuania in 2017–2019.

Eften Real Estate Fund IV, the closed-end real estate fund investing in commercial properties, acquired the RYO shopping center in Panevezys, Lithuania, for 47 mln euros.

Statistics Lithuania informs that based on more comprehensive business, tax and price statistics, in III quarter 2018, country’s gross domestic product (GDP) at current prices amounted to EUR 12.0 bn. Compared to II quarter 2018, the real GDP change1 was negative and stood at -0.3%, while compared to the respective quarter 2017, GDP increased by 2.9%. Seasonally and calendar unadjusted, GDP growth stood at 8.1 and 2.4% respectively.