Gas Interconnector Poland-Lithuania (GIPL), a project that was suspended in 2016, is again making progress in Poland after the country's gas transmission operator Gaz-System chose designers who will prepare a new blueprint of the gas pipeline in southeastern part of the country.

Agrosfera, a Lithuania-based agricultural commodities trading company in which the Icor Group plans to buy a 60 percent stake, is planning to expand its operations in Latvia.

The Bank of Lithuania, which supervises financial market participants, has imposed a fine of over 207,000 euros on the refrigerator manufacturer Snaige, saying that the company failed to act in its own interests and in the interests of all of its shareholders.

Euroapotheca, the owner of Eurovaistine, a major Lithuanian pharmacy chain, has obtained regulatory approval for its takeover of a chain of nearly 160 pharmacies in Sweden.

Lithuanian hotels last year posted growth in revenue, despite the wet summer and Vilnius Airport's 35-day closure for runway renovation, the business daily Verslo Zinios reported on Friday.

Lithuania's oil refining and transportation company Orlen Lietuva has installed a new 52,000-cubic-meter oil tank at its Butinge terminal.

Lithuania's oil product and liquefied natural gas (LNG) terminals operator Klaipedos Nafta (Klaipeda Oil) posted 17.031 million euros in net profit in 2017, up by 23.5%, from 13.794 million euros in 2016.

Lithuania's goods exports rose by 17.3% in 2017 compared with 2016 to reach 26.5 billion euros and its imports grew by 16.3% to 28.7 billion euros, Statistics Lithuania said on January 30th.

Vakaru Laivu Gamykla (Western Shipyard, or VLG), a Lithuanian shipbuilding and repairing group controlled by Estonia's BLRT Grupp, last year set up a subsidiary Vakaru Technologiniai Sprendimai (Western Technological Solutions) that will produce stainless steel and aluminum structures.

Dalius Misiunas who took the top position at Lithuania's SBA furniture production concern last fall aims to lift the furniture group to a new level, the international arena, says SBA vice-president Egidijus Valentinavicius.