Snaige, the only refrigerator manufacturer in the Baltics, says that its 12.616-million-euro loss for 2017 was due to 12.2 million euros worth of loans to the Polair Group's companies having been set aside as doubtful debt provisions.

A 213-million-euro deal on the acquisition by Rimi Lietuva, a Lithuanian retail chain owned by Sweden's ICA Gruppen, of Iki, a rival chain owned by Palink, is being cancelled.

The first Marriott chain hotel in Lithuania was opened in Vilnius on Thursday, the project's developer Hanner said.

The Marijampole Free Economic Zone (FEZ), which now leases most of its territory to Denmark's windows and doors giant Dovista, is dealing with infrastructure issues as at least two investors from Denmark and Germany want to launch operations on the free economic area in southern Lithuania.

Lithuania's government plans to recover 200 million euros from the shadow in 2019 in an effort to reduce the scope of shadow economy, Prime Minister Saulius Skvernelis said on April 16th.

The Klaipeda FEZ board has just approved investment for the exciting new 3.3 million FlexStart project in Lithuania. FlexStart will be a ready to use purpose built manufacturing and administrative complex that will give businesses the ability to have their operations up and running in only 3 months.

Klaipeda this year retains the number-one spot it held in 2017 among all Baltic seaports in terms of cargo traffic, according to figures released by the ports.

Lithuania could use EU structural funds, among other options, to purchase the Klaipeda terminal's floating storage and regasification unit (FSRU) after 2024, Energy Minister Zygimantas Vaiciunas said on April 11th.

E-Maxima.lv food retailer has changed its brand and joined Baltic food e-trade platform Barbora, Maxima Latvija representative Liene Dupate reported.

Hyarchis, a Dutch developer of business software and information technologies (IT), is coming to Lithuania – it set up a subsidiary Hyarchis Baltic.