Visual search and identification solutions developer from Iceland, “ Videntifier” has published opening a research and development center in Vilnius. This will be the first company branch in continental Europe. “Videntifier” is planning to move a few employees from Reykjavik, as well as hiring highly qualified local software developers.

US-based e-logistics company Carggo is moving its software development center from Moscow to Vilnius, with plans to hire up to 65 specialists in the Lithuanian capital by the end of the year, Invest Lithuania said on May 31dt.

As Lithuania's population declines, the country may have to increase its retirement age in the future to solve the problems of the pension system, a central bank official said on June 1st.

Lithuania's gas trading company Litgas plans to return a part of its new liquefied natural gas (LNG) shipment to other supplies and to store another part at Latvia's Incukalns underground gas storage facility.

A Lithuanian-owned company is building a factory in a Chinese-Belarusian industrial park named "Grand Stone", the business daily Verslo Zinios reported on May 29th.

VILNIUS, May 28, BNS - The Lithuanian seaport of Klaipeda handled 14.314 million tons of cargo during the first four months of 2018, up 5.3% from 13.587 million tons a year ago.

There's a good time for further building financial reserves as Lithuania's residents and businesses are getting stronger financially, the level of credit is growing and Lithuania's is enjoying an economic upturn, the Bank of Lithuania's chairman Vitas Vasiliauskas says.

Gas transmission system operators Amber Grid of Lithuania and Gaz-System of Poland signed in Copenhagen on May 24th an agreement to invest into Gas Interconnection Poland-Lithuania (GIPL), thus starting the construction stage of the project.

Statistics Lithuania informs that in April 2018, based on provisional data, industrial production totalled EUR 1.58 billion at current prices and, compared to March, seasonally and calendar adjusted, decreased by 7.8% at constant prices (unadjusted – by 16%).

Discussions in the European Union on further opening up its market to American liquefied natural gas could allow consumers to expect a drop in gas prices in the long-term but it too soon to speak about any specific decisions, a Lithuanian diplomat says.