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.

Lithuanian consumer prices rose by 1 percent in April compared with March, marking the eighth straight month of inflation, figures from Statistics Lithuania showed on Tuesday.

Merko Statyba, a Lithuanian building company that is part of Estonia's Merko Ehitus, one of the Baltics' largest construction and real estate groups, posted 22.658 mln euros in revenue last year, down by 20.1%, from 28.368 mln euros, in 2015.

Lithuania’s economic growth has accelerated. Due to favourable conditions in the beginning of the year, Lithuania’s economy in 2017 will grow faster than in the previous year, while the positive output gap will gradually increase. In the presence of such economic development, the pressure to increase wages and prices will persist. Without investment into higher productivity, the spiral of growing wages and prices in the future might decrease the competitiveness of Lithuanian companies, limiting economic development as well.

Suomen Osuuskauppojen Keskuskunta (SOK) Group has decided to shut down all Prisma stores in Latvia and Lithuania in June, as the company's representatives told.

Lietuvos Oro Uostai (Lithuanian Airports), the operator of Lithuania's three international airports, will pay over 1.7 mln euros as dividends to the state, up by 70% from 1 mln euros it contributed last year, after posting a net profit of 3.4 mln euros for 2016.