Set for almost two years, the price cap for the basic payment service package offered by commercial banks and credit unions will remain limited to €1.5 (€0.75 for social benefit recipients). Such a decision was taken by the Board of the Bank of Lithuania, which has set the maximum monthly fee for the basic payment account service for 2019.

As the European Commission proposes cutting cohesion support to Lithuania by almost a quarter as of 2020, InvestEU, a fund being set up by the EU, might become a financial alternative after it will replace the European Fund for Strategic Investment (EFSI), also called the Juncker Plan, which has operated since 2015.

The Lithuanian seaport of Klaipeda saw its net profit for the three quarters fall to 21.535 mln euros, down 9% from 23.656 million euros in the same period last year.

The latest survey of the Bank of Lithuania shows that the share of enterprises that raised wages somewhat reduced over the half-year. According to respondents, such trends should strengthen in the future due to potential financial resource constraints.

Statistics Lithuania informs that based on non-final data (in October 2018, against October 2017) annual inflation provisional estimate calculated based on the HICP stands at 2.8%.

Statistics Lithuania informs that in September 2018, against August, construction input prices increased by 1%. The greatest influence on the overall price change was made by a 2.2% increase in wages and salaries and by a 0.6 % increase in prices of construction materials and products. An increase in average gross hourly earnings was determined by increased lump sum premiums, bonuses and benefits.

With Lithuania set to purchase the Klaipeda LNG terminal's floating storage and regasification unit (FSRU) by the end of 2024, Klaipedos Nafta, the terminal's operator, plans to borrow up to 308 mln euros in loans backed by state guarantees.

US internet giant Google and British financial startup Revolut have registered payment companies in Lithuania.

Orlen Lietuva, the Lithuanian unit of Poland's oil group Orlen, saw its net profit for the nine months through September od 2018 slump down by 51% to 71.3 mln euros, from 145.4 mln euros a year ago.

Lithuanian charter airline Small Planet Airlines, restructuring its business in Poland and Germany due to financial difficulties, is starting overhaul of its operations in Lithuania as well, and has turned to court.