Lithuania's oil product and liquefied natural gas (LNG) terminals operator Klaipedos Nafta (Klaipeda Oil) intends to invest up to 20.9 million euros (including VAT) in reconstruction of embankments.

Germany's window, door and facade systems manufacturer Schueco is setting up an engineering service centre in Vilnius to service its customers in Northern European countries.

Klaipedos Konteineriu Terminalas (Klaipeda Container Terminal), one of the biggest stevedoring companies in Klaipeda, has managed to attract one more shipping line, China's Cosco Shipping, the Vz.lt news website reported on November 13th.

Statistics Lithuania informs that, according to the Labour Force Survey data, in III quarter 2017, the unemployment rate stood at 6.6%; against II quarter 2017, it decreased by 0.4 percentage points, against the respective period 2016, by 0.9 percentage points. In III quarter 2017, the male unemployment rate stood at 7.6, female – 5.5%.

Large companies in Latvia are more optimistic about the business opportunities in 2018 than companies in neighboring Lithuania and Estonia, writes LETA, according to the latest Baltic CFO Outlook published by SEB Banka.

Japan's Hitachi, a corporation that was due to build the new Visaginas nuclear power plant in Lithuania, is closing down its mission established in the Baltic state nearly six years ago.

Statistics Lithuania informs that, based on non-final data obtained from customs declarations, Intrastat reporting and VAT returns data, exports in September 2017 amounted to EUR 2.30 billion, imports – EUR 2.42 billion. Exports of goods of Lithuanian origin amounted to EUR 1.41 billion. The foreign trade deficit of Lithuania amounted to EUR 111.9 million.

The Swedish financial group SEB's Baltic banks will provide 4.3 million euros in financing for renewing the car fleet of Carlsberg Group, the owner of Lithuania's biggest brewery Svyturys-Utenos Alus.

Lithuania's unemployment rate stood at 7.4% in early November 2017, unchanged from a month ago, but down by 0.1 points year-on-year, figures from the country's Labor Exchange showed on Tuesday.

Bono, the leader of the legendary Irish music bands U2, has been one of the largest investors in Utena, a city 100 km north of the Lithuanian capital Vilnius, for the past decade, 15min.lt news portal said.