Lietuvos Gelezinkeliai (Lithuanian Railways) will cooperate with Poland's OT Logistics, one of Europe's biggest logistic companies.

The Board of the Bank of Lithuania approved the strategic directions for the activities in 2017–2020 and newly defined the organisation’s mission and specific objectives. After implementing them, the Bank of Lithuania would become one of the most effective central banks in the Nordic and Baltic region, the Lithuanian central bank informs.

The Ober-Haus Lithuanian apartment price index (OHBI), which records changes in apartment prices in the five major Lithuanian cities (Vilnius, Kaunas, Klaipėda, Šiauliai and Panevėžys), increased by 0.4% in December 2016. The annual apartment price growth in the major cities of Lithuania was 5.5% (the annual apartment price growth in November 2016 was 5.2%).

Lithuania's y-o-y retail sales growth rate remains among the highest in the European Union, figures from the EU statistical office Eurostat showed on Friday.

Contis Group, a leading European alternative banking and payments solutions group, is to set up a new division in Vilnius, Lithuania as part of its €1 million investment plan over the next two years.

The power interconnections NordBalt and LitPol Link launched in 2016 have pulled down the average electricity price in Lithuania, says Daivis Virbickas.

At the start of April, Eesti Pank and the other central banks of the euro area will release a new €50 banknote into circulation with a new design and new security features. So that the new note can enter smoothly into circulation, it is important for companies to update their cash handling equipment in good time, and to know about the new features of the notes.

Russia's gas giant Gazprom this year is set to recapture a large chunk of the Lithuanian natural gas market, but market participants and energy experts downplay the increase in the share of Russian gas in the country, attributing it to competition.

Vopak E.O.S. is ready to begin the construction of a terminal for liquefied natural gas (LNG) at Muuga just outside Tallinn next year.

Some 593,000 old-age pensioners and 202,000 disability pensioners in Lithuania will receive higher pensions starting January after the government approved on Wednesday an average increase of 20 euros in pension payments.