Lithuania has chances of attracting a Polish retail chain into its retail market, but the process would require effort from authorities and would probably take at least two years, market participants and analysts said.

The economic growth in Latvia and Lithuania in the coming years will be steeper than in Estonia, said SEB Banka’s macroeconomic expert Dainis Gaspuitis in an interview with the Latvian public television on Tuesday.

Statistics Lithuania informs that in August 2017, the economic sentiment indicator stood at 4 and, against July, increased by 1 percentage point. The consumer confidence indicator increased by 3 percentage points, industrial and service sector confidence indicators – by 1 percentage point each. The construction confidence indicator decreased by 5 percentage points, the trade confidence indicator – by 1 percentage point.

The Bank of Lithuania has raised its forecast for the insurance market's growth in 2017 to between 9 and 11% after total premiums written rose by 17.4% to 388 million euros in the first half of the year 2017.

Statistics Lithuania informs that in July 2017, against June, construction input prices increased by 1.1%. The largest impact on the overall price change was made by a 3.8% increase in wages and salaries.

Statistics Lithuania informs that, based on non-final data, in August 2017, against August 2016, the annual inflation provisional estimate calculated based on the HICP stands at 4.5%.

A new shipment of liquefied natural gas (LNG) arrived in Klaipeda on August 31st.

New Zealand's dairy giant Fonterra plans to buy a 10% stake in Rokiskio Suris, a leading Lithuanian dairy group.

Fitch Ratings has affirmed Lithuania's long-term rating at A-, with a stable outlook. The rating has been unchanged since 2014.

The Lithuanian Interior Ministry said on August 25th that it had abandoned plans to merge the Financial Crimes Investigation Service, or FNTT, with other bodies.