The Governing Council of the European Central Bank (ECB) at a meeting held in Tallinn on Thursday left base interest rates unchanged, monthly net asset purchases are intended to run until the end of 2017.

Energijos Tiekimas (Energy Supply), an independent electricity supplier that is part of the state-run Lietuvos Energija (Lithuanian Energy) group, is entering the Polish market. After officially founding the company Geton Energy earlier this week, the company hopes to form a team and start producing electricity by the end of the year.

After closing the route to Moscow, Lietuvos Gelezinkeliai (Lithuanian Railways, LG), the state-run railway company, plans on launching a passenger train to the Latvian city of Daugavpils. The company's spokesman said LG was ready but had to wait for the final approval from Latvian railway.

In the first quarter of 2017 insurance market growth was three times stronger y-o-y. Insurance premiums amounted to EUR 184.7 mln, an increase of 16% y-o-y, Bank of Lithuania informed.

This year's first transit train from China is coming to Lithuania on Monday.

In 2016, banks and other lending institutions granted almost 400 thousand new loans. Even though borrowing is picking up steam, resident loan burden is constantly reducing – they allocate an increasingly smaller share of income for loan repayment.

Average gross monthly wages in Lithuania last year rose by 60 euros, or 8.4 %, y-o-y, to 774 euros, data from Statistics Lithuania showed on Friday.

Statistics Lithuania informs that based on more comprehensive business, tax and price statistics, in I quarter 2017, country’s gross domestic product (GDP) at current prices amounted to EUR 9.2 bln.

In the first quarter of 2017, new consumer credits granted to residents continued to decline in number; however, peer-to-peer lending platforms, which also grant this credit, increased their lending volumes fast.

The Bank of Lithuania published the April 2017 balance sheet data of monetary financial institutions (MFI), which show that loans for house purchase from credit institutions to Lithuanian households grew by EUR 42.0 mln, Bank of Lithuania informed.