Plans to make it easier to move money around within the EU’s long-run budget, to help tackle urgent challenges such as the migration crisis, strengthening security, boosting growth and creating jobs, were backed by the Budgets Committee on Monday. Parliament has long fought for greater flexibility within the Multi-annual Financial Framework (MFF), which would apply for the remainder of the 2014-2020 MFF.

Last year, banks granted many more loans to customers. This grew bank assets, increased their income and profits. Deposits with banks increased in number; as the economic condition improved, non-performing loans decreased. The banking system was well capitalised. Strengthening of capital was still relevant for domestic banks.

Broader export opportunities are opening up for Lithuanian meat processors in the wake of Brazil's spoiled meat and corruption scandal involving two large international companies, JBS and BRF, and several tens of smaller market players.

Klaipedos Juru Kroviniu Kompanija (Klaipeda Stevedoring Company, or Klasco), which is part of Achemos Grupe (Achema Group), will distribute 3.47 mln euros as dividends to shareholders, or 0.233 euros per share, after posting a 50-mln-euro pretax profit for 2016.

Another attempt to use EU funds to build an automotive oil recycling facility is being planned in Lithuania after the first such enterprise, which obtained 2.3 mln euros in investments back in 2009, has not yet launched operations.

Lithuania's state-owned electricity production group Lietuvos Energijos Gamyba (Lithuanian Energy Production, or LEG) is set to distribute 12.702 million euros as dividends, or 0.02 euros per share, to shareholders for the second half of 2016, bringing to 40.01 mln euros the total dividend payout for the year.

President Dalia Grybauskaitė opened Finland's Outokumpu Global Business Services Center in Vilnius.

Around 77 mln US dollars of Russian money could have been laundered via Lithuanian banks with the help of dubious court rulings and complex bank transactions.

SEB Bankas was the number-one bank in Lithuania by assets and loans at the end of of 2016 and Swedbank led the market in terms of deposits, consolidated figures from the central Bank of Lithuania showed on Tuesday.

Amid discussions at the Polish electricity transmission operator PSE about building a marine link instead of a second air line, Lithuania's power transmission system operator Litgrid says synchronization would be possible with the one existing LitPol Link power line.