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.

Maxima Grupe (Maxima Group), the largest retail group in the Baltic states, plans to open 120-140 new shops next year, with the majority of them set to be opened in Poland.

In the first nine months of 2018, all Baltic ports together received and shipped 116.092 mln tons of cargo, which was 3.2% or 3.625 mln tons more than in the respective period last year.

Lithuania's unemployment level fell by 0.7 percentage points in the third quarter of 2018 from a year earlier to 5.9%, according to the results of a population employment survey released by Statistics Lithuania on Friday.

Novaturas, one of the largest tour operators in Lithuania, posted 140.2 mln euros in sales in January-September of 2018, up 30% from the same period last year.

Electricity prices edged up in Lithuania and Latvia last week, but went down in Estonia, Elektrum Lietuva said, noting that power production in Lithuania dropped by 15%.

Kaunas Airport plans to set up new infrastructure for aircraft maintenance, repair and overhaul (MRO) operations, with the expansion project expected to help attract tens of mlns of euros in business investments.