2016 closure of the Coca-Cola factory in Alytus, southern Lithuania, caused losses in the operations of Coca-Cola HBC Lietuva, the subsidiary of the biggest producer of non-alcoholic beverages worldwide.

Statistics Lithuania informs that in 2016 the gender pay gap in the whole economy excluding agriculture, forestry and fishing enterprises, stood at 13.4% and, against 2015, grew by 0.4 percentage points.

To achieve sustainable growth and create jobs in the EU, boosting investment in research, innovation, infrastructure, education and SMEs is key, say MEPs.

Nearly 260,000 companies and Lithuanian residents were engaged in economic activities on July 1, up by 3.8% year-on-year, Statistics Lithuania said on Wednesday.

Lords LB Special Fund V, a fund operated by investment company Lords LB Asset Management, plans on investing more than 200 million euros in Latvia's capital Riga in the company's first major investment in an office project abroad, which will be the biggest project of the type in the Baltic states.

Financial innovations open up new opportunities for businesses and consumers and may give "an exciting impetus" to economic growth, both nationally and globally, noted Vitas Vasiliauskas, Chairman of the Board of the Bank of Lithuania, in his presentation at the Hamburg conference on the challenges of globalisation, informed BC press service of the bank.

The Commission published a reflection paper on the future of EU finances in which it describes possible options to finance “common needs”. This is fifth and final paper in the series of debate on EU budget’s future; debates started in March this year with the Commission’s White Paper on the Future of Europe. The reflection paper maps out possible budgetary implications of the choices the EU states would make.

The turnover of enterprises engaged in wholesale and retail trade of motor vehicles and motorcycles in Lithuania increased by 1.1%.

Taking into account the needs of data users, the Bank of Lithuania and Statistics Lithuania begin publishing detailed data on exports and imports of services, broken down not only by country but also by type of service. Results for Q1 2017 show that:

Lithuania's electricity and natural gas distribution company Energijos Skirstymo Operatorius (Energy Distribution Operator, or ESO) said on Friday that its revenue for January through May fell by 7.6% to 263.9 mln euros, from 285.9 mln euros in the same period last year.