Statistics Lithuania informs that based on provisional data, in 2016, against 2015, value added generated in the tourism sector increased by 6.6% and totalled EUR 1 billion 73 thousand, or 3.1% of the country’s gross value added. Value added of the tourism sector, against the gross value added, increased by 0.1 percentage point.

The majority of Lithuanian banks and foreign bank branches posted a profit for January through September 2017, with Swedbank and SEB Bankas contributing the bulk of the banking system's earnings.

Vilniaus Baldai, one of Lithuania's largest furniture manufacturers, posted 17.639 million euros in revenue in the first quarter of the financial year 2017, up by 9.9%, from 16.043 million euros, in September-November of 2016.

Lithuania's economic growth accelerated this year, driven mostly by investment by privately-owned companies and rising exports, the central bank's economists said on December 19th.

Lietuvos Gelezinkeliai (Lithuanian Railways, LG) posted 12 million euros in profit this year, while the state-run company's revenue grew by a tenth to 403 million euros, CEO Mantas Bartuska said.

The European Central Bank is not alarmed by the current inflation rate in Lithuania, as the increase of prices is easy to explain, says Vitas Vasiliauskas, chairman of the central Bank of Lithuania.

Statistics Lithuanian informs that in 2017, based on provisional data1, agricultural production at current prices totalled EUR 2.67 billion, or by 6.2% more than in 2016.

Cargo traffic at the Lithuanian seaport of Klaipeda in November 2017 surpassed the 4-million-ton monthly mark for the first time ever, with growth recorded in all key cargo segments, the port's CEO said on December 14th.

Investments in Lithuania's manufacturing industry saw a slight decline this year, while the majority of heads of manufacturing companies do not expect the investments to change in 2018, shows a survey published by Statistics Lithuania.

World Courier, the global leader in specialty logistics and part of AmerisourceBergen, has opened an office in Vilnius, which will primarily focus on transport services in the local market, while also operating a finance shared service center.