Orlen's chief executive said on Wednesday that the Polish oil group intends to invest in its Lithuanian crude oil refinery, noting an improvement in relations with Lithuania's authorities.

Latvian-owned Lithuanian bank Citadele posted a net profit of 1.6 mln euros for the first half of 2018, up 63.3% from 980,000 euros in the same period last year.

The European Bank for Reconstruction and Development (EBRD), which came to Lithuania more than a quarter of a century ago to reinforce the local capital market, remains a significant anchor investor that helps kick-start investment initiatives.

Klaipedos Smelte, one of the Klaipeda port's largest operators, is investing 50 million euros in expansion and expects to take delivery of new Finnish-made cranes in late 2019 as it aims to boost its TEU handling volumes to around 1 million tons in 2022 to 2023, more than a five-hold increase from 2017.

Statistics Lithuania informs that based on more comprehensive business, tax and price statistics, in II quarter 2018, country’s gross domestic product (GDP) at current prices amounted to EUR 11.2 bn. Compared to I quarter 2018, the real GDP change1 stood at 0.9%.

Lithuania's state-owned energy group Lietuvos Energija eyes two unnamed companies in Poland, possibly with a view to buying solar or wind power plants, but declines to comment on its specific investment plans in the neighboring country.

SEB bank will become the first bank in Lithuania to accept instant payments in euros from banks in other EU or EEA countries.

Lithuania's auto parts dealer Inter Cars Lietuva last year posted 66.964 mln euros in revenue, up 16.6% from 57.436 mln euros in 2016.

Dry weather and repairs on the NordBalt power link with Sweden last week drove electricity prices in all three Baltic countries higher, with prices in Lithuania and Latvia continuing their climb toward 60 euros per megawatt-hour (MWh).

The Lithuanian government's fulfilled pledge to increase wages for medical workers has been the major factor behind a faster rise in salaries in Lithuania in the second quarter.