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.

Lithuanian furniture and interior design retailer Berry has invested over EUR 1 mln in its first store in Latvia which will open in Riga in late March.

Klaipeda continues to lag behind Riga in terms of container traffic, the Lithuanian seaport's authority said on Friday.

After rising last week, the price of electricity in Nord Pool's Lithuanian bidding area fell to record lows in the early hours of Wednesday.

The Lithuanian central bank governor said on Tuesday that a new bank might enter the market this year, but he gave no further details.