Lietuvos Gelezinkeliai (Lithuanian Railways, or LG), the state-run railway company, posted 1.8 mln euros in preliminary net loss in 2016 after netting a profit of 2.776 mln euros in the year before.

2016 was another record breaking year for the foreign investment promotion agency Invest Lithuania as it attracted 36 foreign direct investment (FDI) projects to Lithuania. These projects are set to create 3,716 jobs over the next three years. By comparison, 28 foreign capital companies decided to set up operations in Lithuania in 2015, creating 2,370 jobs.

Macaw, an award-winning employer and digital solution provider, has selected Vilnius as the location for its first office outside the Netherlands. In establishing a company in Vilnius, Macaw plans to grow exponentially and recruit highly talented information technology specialists who will develop Microsoft and Sitecore based solutions for international customers.

The potential strategic investors for Latvian national airline airBaltic could be known by this November, Transport Minister Uldis Augulis said during a government meeting today where the process of finding a strategic investor for the airline was discussed.

The average price of electricity in Nord Pool's Lithuanian bidding area dropped by 7 percent last week from a week earlier to 39.3 euros per megawatt-hour amid a decrease in consumption and an increase in the supply of cheaper power from Sweden.

IRI Investment Lithuania, a company operated by Swedish furniture trade company Ikea Group, has purchased a 45-megawatt (MV) wind farm in the Mazeikiai district, northwestern Lithuania, which is one of the country's most efficient wind farms.

The second small-scale liquefied natural gas (LNG) carrier owned by Scandinavia's gas supplier Skangass should arrive in the Lithuanian port of Klaipeda over the weekend.

Prices in the Lithuanian electricity market rose last week due to wintry weather conditions, which caused overhead lines to break under the weight of ice and forced wind turbines to stand idle.

The housing market continues to heat up, with a 12.3 per cent increase in transactions from 2015. With low interest rates still prevailing, a large share of flats is being acquired for investment purposes, which raises property prices. The Bank of Lithuania closely monitors the situation and is ready to respond if necessary told the central banks representatives.

Apranga, the Baltics' leading clothing retailer that is controlled by MG Baltic, is building a new office and logistics center in the northern part of Vilnius, close to the city's new western bypass, with MG Valda, the developer of the Vilnius Business Park where the center will be located, set to invest 14 mln euros in the project.