Statistics Lithuania informs that, according to the Labour Force Survey data, in I quarter 2017, the unemployment rate stood at 8%, and against the respective period 2016, decreased by 0.3 percentage points(ppt), against IV quarter 2016, increased by 0.4 ppt. In I quarter 2017, the male unemployment rate stood at 10.1%, female – 6.1%.

The Bank of Lithuania, after conducting a study of the country’s pension system, states that, with no significant and immediate reforms undertaken, the future pensioners’ position will only deteriorate. The Bank of Lithuania is submitting a package of proposals that could change the situation if a long-term political agreement on the implementation of necessary measures is reached.

Trustpilot, considered one of Denmark’s most promising startups, is establishing a product development division in Vilnius.

A new shipment of liquefied natural gas (LNG) from Norway's Statoil is to arrive in Klaipeda on Tuesday, marking the eight LNG delivery to the Lithuanian port since the start of the current gas year on Oct. 1, 2016 and the third one for the fertilizer manufacturer Achema.

Every year the passenger flows and the number of new flight routes increase in Vilnius Airport, so it increases the number of parking spaces for the clients’ vehicles. Today, on 11 May, the construction of the new parking lot begins: instead of the administrative building at Antano Gustaičio Street, a parking lot with 206 additional parking spaces for buses and passenger cars will be built in autumn.

Canada's electronic commerce giant Shopify has purchased Lithuanian startup Oberlo for 15 million US dollars (about EUR 13.8 mln), Tomas Slimas, Oberlo co-founder.

Lietuvos Gelezinkeliai (Lithuanian Railways, or LG) is scrapping its passenger service between Vilnius and Moscow in a move that is expected to save the state railway company 2 mln euros annually, but passengers will continue to be able to take a Russian train to the Russian capital.

The Bank of Lithuania survey revealed that six out of ten households see their financial situation as average or good. Every second household manages to save. Should they face any financial difficulties, the majority of respondents would firstly cut their expenses.

By the end of 2015, Klaipėda Free Economic Zone accumulated EUR 493 mln of foreign direct investment (FDI). This accounts for 57% of the total FDI of Klaipėda City Municipality. In the significance of the free economic zone to its city in terms of the FDI portfolio, Klaipėda is ahead of all the other Lithuanian free economic zones.

Siauliu Bankas, a bank operated by the European Bank for Reconstruction and Development (EBRD) and local Lithuanian shareholders, netted 15.226 mln euros in profit in the first quarter of 2017, down by 26.4 %, from 20.676 mln euros.