Thirty-one% of businesses in Vilnius and 19% in Kaunas did not participate in a public procurement procedure because they though that the public tender was tailored for a particular company, a survey by Transparency International Lithuanian Chapter (TI Lithuania) has shown.

After Lithuania's Competition Council blocked Rimi Lietuva's bid to buy Iki in April, Rimi's Swedish owner ICA Gruppen has decided against appealing the decision and will look for other ways of expansion, the Verslo Zinios daily writes.

Malmar, a Belgian custom-made metal component manufacturer for automotive and construction industries, will build a new sheet metal production facility in Klaipeda, Invest Lithuania said last week.

The unemployment level stood at 8.6% in Lithuania in early May, down 0.6 percentage points from early April but up 0.7% year-on-year, figures from the Lithuanian Labor Exchange show.

The Lithuanian seaport of Klaipeda said that its first-quarter net profit rose by 9.4% to 7.418 million euros, from 6.782 million euros in the same period last year.

British financial market consultancy Catalyst Development Ltd. has announced it will open its first nearshore consulting hub outside the UK in Vilnius.

Klaipedos Juru Kroviniu Kompanija (Klaipeda Stevedoring Company, or Klasco), the largest freight operator in the port of Klaipeda, in 2017 posted a net profit of 6.974 million euros, up 57.2% from 4.437 million euros in 2016.

Lithuanian fertilizer producer Achema, the largest gas consumer in the country, has received a new LNG shipment from Norway's Statoil, a second this year.

Finnish construction companies YIT are Lemminkainen are mulling opening a service center in the Lithuanian capital or the country's second-largest city of Kaunas following their recent merger.

Statistics Lithuania informs that, based on provisional data, in March 2018, the turnover (VAT excluded) of retail trade1 enterprises amounted to EUR 896.7 million at current prices, and against February, seasonally and calendar adjusted, increased by 0.9% at constant prices (unadjusted – 17.9%).