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.

Viciunu Grupe (Viciunai Group), a company owned by Kaunas Mayor Visvaldas Matijosaitis, will open the construction of DoubleTree by Hilton hotel in the Lithuanian capital Vilnius in spring 2018, a year behind the original schedule.

Lithuania's non-financial companies posted 4.4 billion euros in pre-tax profits in the first nine months of 2017, while their revenue totaled at 58 billion euros, Statistics Lithuania said on December 11th.

Statistics Lithuania informs that, based on non-final data obtained from customs declarations, Intrastat reporting and VAT returns data, exports in October 2017 amounted to EUR 2.37 billion, imports – EUR 2.53 billion. Exports of goods of Lithuanian origin amounted to EUR 1.37 billion. The foreign trade deficit of Lithuania amounted to EUR 160.3 million.

The Klaipeda liquefied natural gas (LNG) terminal's maintenance costs for gas consumers is likely to rise by slightly more than 7% in 2018.

It is the right time now to invest in boosting long-term growth potential, Swedbank says in its latest Baltic Sea Region Report. "The upswing in global growth has lifted the Baltic See region’s economies to their cyclical peaks. Growth will slow, but there are at least a few good years of strong growth down the road. Geopolitics and a resurgence of populism are the key risks. Strong growth is the time to reform, correct for imbalances, and invest in boosting long-term growth potential," the authors of the report note.

Lithuania's state-controlled energy terminals operator Klaipedos Nafta (Klaipeda Oil) plans to invest up to 20.9 million euros, including VAT, in upgrading the port's quays used by its oil terminal.

Electricity prices in the Baltic countries rose by 6% on average last week, driven up by increased demand due to lower temperatures, as well as lower wind and precipitation levels and growing exports to European markets, especially Germany, Elektrum Lietuva said on December 5th.