Lithuania is putting on hold its project for building an underground gas storage facility in Syderiai, in the northwestern district of Telsiai, as it failed to attract interest from Polish energy companies and has started using the Incukalns gas storage facility in Latvia.

Orlen Lietuva, the Lithuanian unit of Poland's biggest oil group Orlen, last year posted a net profit of 197.5 million euros (USD 244 mln), up by 3% from 192.7 million euros (USD 238 mln) in 2016.

The Lithuanian Klaipeda port was in 2017 the leader of the Baltic states in terms of container traffic.

Sweden's furniture group Ikea has increased its forest holdings in Lithuania by 50% to 15,000 hectares over the past 12 months, catching up with Euroforest, the largest investor in Lithuanian forests until recently, the business daily Verslo Zinios reported on Friday.

Imlitex Holdings, a fertilizer and grain trade group that used to export the most of its output via the Riga port until now, will direct some of the production via the Lithuanian port of Klaipeda.

Lithuania's central government and local authorities collected a total of 8.027 billion euros in budget revenue over the whole calendar of 2017, which is 1.5% (EUR 119 mln) above the projected level.

The European Commission has approved almost 140 million euros in additional support for the construction of a combined heat and power (CHP) plant in Vilnius.

Benify, the Swedish developer of benefit and compensation management tools for businesses, is coming to Lithuania.

Wind farms operating in Lithuania in 2017 generated the largest amount of electricity throughout the history of the country's wind energy, with the production volume growing by an annual 20% to 1.3 terawatt-hours (TWh) in 2017 year-on-year.

The Lithuanian seaport of Klaipeda forecasts that cargo volumes will fall slightly this year from last year's record high levels, a senior executive of the port said on January 17th.