Statistics Lithuania informs that in August 2017, based on provisional data, industrial production totalled EUR 1.7 billion at current prices and, compared to July, seasonally and calendar adjusted, increased by 3.2% at constant prices (unadjusted – 8.2%).

The central Bank of Lithuania on September 20th increased its gross domestic product ( GDP) growth forecast for 2017.

Central securities depositories in Estonia, Latvia and Lithuania become a single entity which has joined the pan-European securities settlement platform T2S.

Klaipedos Nafta (Klaipeda Oil), the Lithuanian operator of oil and liquefied natural gas (LNG) terminals, is starting tests of the 27.7 million euro LNG distribution station.

Lietuvos Gelezinkeliai (Lithuanian Railways) said that its revenue for the eight months through August rose by 6% year-on-year to reach 282.1 million euros.

Lithuanian banks and foreign bank branches posted 155.4 million euros in combined profits for the first half of 2017, up 46.4% from 106.2 million euros in the same period last year, the central Bank of Lithuania said on Tuesday.

Lithuania's non-financial companies posted nearly 3 billion euros in pre-tax profits in the first six months of 2017, while their revenue totaled at almost 37.6 billion euros, Statistics Lithuania said on September 11th.

Lietuvos Gelezinkeliai (Lithuanian Railways, or LG) has cut its workforce by nearly 1,100 people in 2017, or almost 10%, and spent 5 million euros on severance payments, the business daily Verslo Zinios reported on Thursday.

Lithuania's postal and courier services market, as measured by revenue, grew by 5.8% in the second quarter of 2017 to 33.325 million euros, up from 31.507 million euros in the same period last year, figures from the country's Communications Regulatory Authority showed on Thursday.

Girteka Logistics, a transport and logistics company of Girteka, one of Lithuania's biggest logistics groups, said that it has signed a contract with Volvo Trucks to buy 2,000 new trucks.