Bite Lietuva, a Lithuanian telecoms company controlled by the global private equity firm Providence Equity Partners, has purchased two Latvian technologies companies.

Statistics Lithuania informs that in 2017, based on provisional data, the general government surplus totalled EUR 252.6 million, or 0.6% of gross domestic product (GDP). In 2016, the general government surplus totalled EUR 103 million and stood at 0.3% of GDP.

The state-run company Lietuvos Gelezinkeliai (Lithuanian Railways, LG) intends to invest nearly 7 billion euros by 2030.

Approximately 780 million euros will be needed for decommissioning of the Ignalina nuclear power plant (NPP) in 2021-2027, says Lithuania's Energy Vice-Minister Lina Sabaitiene.

Lithuania's largest retail chain Maxima Grupe has been given a green light from the Polish Competition Council to purchase Poland's Emperia Holding, the operator of Stokrotka retail chain, which will become the group's second chain in Poland.

Half of Lithuania's companies intend to raise salaries for their employees this year, with majority of top executive and financial officers saying that salaries will grow sharply for at least a few more years, shows the latest survey carried out by the central Bank of Lithuania.

US information technologies giant Apple has set up a subsidiary in Lithuania.

Lithuania's commercial banks last year were more active in providing loans to businesses in the trade, transport and manufacturing sectors, but reduced their lending to property developers, the Bank of Lithuania said on March 27th.

Statistics Lithuania informs that, based on provisional data, in February 2018, the turnover (VAT excluded) of retail trade1 enterprises amounted to EUR 761.2 million at current prices, and against January 2018, seasonally and calendar adjusted, decreased by 1.1% at constant prices (unadjusted – 8.3%).

Lack of information and communications technologies (ICT) specialists remains a challenge for companies working in the sector in Lithuania, while another 13,300 specialists will be needed within the coming three years, shows the latest survey by Infobalt association.