Lithuania's central government and local authorities collected a total of 1.2 billion euros in budget revenue during the first two months of this year, exceeding the revenue target for the period by 32.4 mln euros, or 2.7%.

Lithuania's KG Group, which is controlled by Tautvydas Barstys, is set to invest 10 million euros in its two companies in Belarus after securing a working capital loan from the European Bank for Reconstruction and Development (EBRD).

Statistics Lithuania informs that in February 2017, against January, prices for the total industrial production sold increased by 0.2%, refined petroleum products excluded – 0.3%.

Siauliu Bankas, a Lithuanian bank controlled by the European Bank for Reconstruction and Development (EBRD) and a group of local investors, is set to increase its authorized capital by 21.894 mln euros to 131.366 mln euros through a bonus issue.

Housing affordability in Lithuania's major cities declined in late 2016 despite accelerating wage growth, according to Swedbank's latest housing affordability index (HAI) released on Thursday.

US point-of-sale (POS) solutions provider Harbortouch is set to establish a product creation and development unit in Vilnius, Invest Lithuania, the government's foreign investment promotion agency.

Nordea and DNB's combined bank in the Baltics will be called Luminor, the two banks announced yesterday.

A consortium of Latvia's minibus passenger service operator Rigas Mikroautobusu Satiksme (RMS) and Lithuania's intercity minibus service operator Transrevis will operate one-tenth of Vilnius' public transport service routes after winning one of two parts of a tender announced by the Lithuanian capital to select private passenger service providers.

Lithuanian businessmen are actively receiving offers to move their businesses to Estonia – they are promised a zero tariff on undistributed profits and saving possibility, as well as all company founding procedures finalized within a day. However, tax advisers say that even if the move slips by the State Tax Inspectorate, the taxes paid in Estonia may be even higher than in Lithuania.

The European Commission continues its leading role in the Africa Renewable Energy Initiative, in line with its wider efforts in the implementation of the 2030 Agenda on Sustainable Development and the Paris Climate Change Agreement.