Lietuvos Gelezinkeliai (Lithuanian Railways) said that its first-half revenue rose by 3.1% year-on-year to reach over 205 million euros.

Hella, a German manufacturer of lighting technology and electronics products for the automotive industry that will shortly start constructing a factory in the Kaunas free economic zone (FEZ), may hire a total of about 2,000 people in Lithuania.

Carlsberg, one of the world's largest beer groups that operates Lithuania's beer market leader Svyturys-Utenos Alus, together with US brewery Brooklyn Brewery are investing about 5 million euros in a line of new exclusive beer in Klaipeda.

Lithuania's exports stood at 10.35 billion euros in January-May 2017 and imports amounted to 11.522 billion euros, which is a respective growth by 16.5% and 16.8% year-on-year, Statistics Lithuania said on Monday.

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.