German low-cost grocery chain Lidl' arrival in Lithuania two years ago and a drop in alcohol sales might have had impact on lower profits of major retailers in Lithuania last year, the vz.lt business news website writes.

Power interconnections with Sweden and Poland -- NordBalt and LitPol Link -- have helped Lithuanian consumers to save 69 million euros since 2016, the chief executive officer of the transmission system operator Litgrid said on May 11th.

Lithuania's unemployment level fell by 0.8 percentage points in the first quarter of 2018 from a year earlier to 7.2%, according to the results of a population employment survey released by Statistics Lithuania on May 11th.

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.