Latvia's construction company BMGS, which built the Klaipeda liquefied natural gas (LNG) terminal's jetty under a contract worth 34.75 million euros, will not receive another 2.3 million euros for certain additional work it did in 2014.

M.M.M. Projektai, a real estate development company controlled by Lithuanian businessman Nerijus Numavicius, intends to start developing a commercial and residential quarter in the Latvian capital Riga, planning to invest over 150 million euros.

Estonia's largest electricity producer Eesti Energia plans to launch natural gas supply operations in Lithuania.

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.