Lietuvos Gelezinkeliai (Lithuanian Railways, or LG) said that the revenue of the state-run company for January of 2018 rose by 4.8% year-on-year to reach 36.8 million euros.

Statistics Lithuania informs that in IV quarter 2017, the volume of construction work carried out in the country amounted to EUR 813.6 million at current prices, and against the previous period, seasonally and calendar adjusted, increased by 2.5% (unadjusted – increased by 8%). Over a quarter, the volume of building construction increased by 0.7, civil engineering structures – 4.7% (unadjusted – by 8.9 and 7.2% respectively).

One of the main Vilnius district characteristics is business traction, as it attracts potential investors. The number of registered and operating economic entities in Vilnius district municipality is growing every year since 2004. Meanwhile, the number of operating economic entities in Vilnius County decreased in 2018.

Another two US companies are eyeing Lithuania as a possible investment location: the health insurer Blue Cross Blue Shield considers setting up a service center here and the engineering infrastructure company Parsons is interested in national defense projects, the business daily Verslo Zinios reported on February 13th.

Construction of the 350-million-euro combined heat and power (CHP) plant is starting in Vilnius. Financed by the state-run energy holding Lietuvos Energija and the European Union, the facility should be operational by the end of 2019. This is the largest energy project currently implemented in Lithuania.

Substations of Lithuania's Ignalina Nuclear Power Plant (NPP) and the Utena transformers, which are crucial for electricity network synchronization with continental Europe, will be reconstructed by road and bridge construction company Kauno Tiltai and Sweden's energy and automation technologies concern ABB for nearly 29 million euros.

WePower, a blockchain-based green energy trading platform developed by Lithuanians, said it has raised 40 million US dollars from over 22,900 people during its initial coin offering (ICO), making it the largest token sale in the energy industry so far. The ICO closed on Feb. 1.

Vakaru Medienos Grupe (VMG), one of the largest wood and furniture groups in the Baltics, is set to invest 180 million euros in the northern Lithuanian district of Akmene, with plans to build a new particle board factory by 2020 and a new furniture production facility at a later stage, the district's mayor said.

Denmark's power cable production group NKT Cables Group is set to open its first shared service center in Lithuania's second-biggest city of Kaunas, with plans to hire 30 finance professionals within the next three years.

Lithuanian companies manufacturing furniture and interior items for Sweden's furniture group Ikea in 2017 moved up to the 4th place on the list of largest suppliers, passing Swedish manufacturers.