Klaipedos Nafta, (Klaipeda Oil) the Lithuanian state-controlled oil loading company and the operator of the liquefied natural gas (LNG) terminal, will be able to serve more tankers in a few years and load them fully after the Klaipeda port renovates its embankments.

The magazine «Nordic Business Europe» published «Thinkers 20 – the Brightest Business Minds in Northern Europe». The comprehensive ranking of the brightest business minds in Northern Europe. This year’s ranking features 20 brilliant business thinkers who are changing the world with their ideas and accomplishments. At the TOP were four entrepreneurs from Estonia and one from Latvia and Lithuania.

After repeated tests did not reveal any bacteria, the Lithuanian State Food and Veterinary Service (VMVT) on Tuesday allowed the Kaunas-based frozen food product company Judex subject to a law-enforcement investigation to resume production. Salmonella, E. coli and listeria were earlier confirmed in its output, while enterobacteriaceae was found in the premises.

Finland's reinforced concrete connections manufacturer Peikko is investing more than 9 million euros in a new beam factory in Lithuania's second-largest city Kaunas.

Average gross monthly earnings in Lithuania's economy, excluding sole proprietorships, rose by 8.1 percent in the second quarter of 2016 compared with a year earlier to reach 771.9 euros.

Nordea, the biggest financial group in the Nordic and the Baltic countries, and Norway's DNB bank have agreed to combine their operations in Lithuania, Latvia and Estonia, the banks said. The agreement is yet to be endorsed by institutions supervising banking operations and competition, with completion of the process expected in the second quarter of 2017.

Business and training management software company Momook has announced that its highly-advanced full-flight simulator terminal is now available for sale and delivery. The software company, in cooperation with flight simulator maintenance solutions provider SimHelp, has launched an innovative solution developed specifically for aviation training center with at least one simulator, making the flight training process and simulator’s maintenance fast, simple and cost-effective.

The Vilnius municipality intends to borrow up to 50 mln euros from the European Investment Bank (EIB) for refinancing earlier loans and investment projects.

Within the period of January – June of 2016 Klaipeda Seaport cargo handling turnover increased by 5,7 %. to 19,94 mln. tn, i.e. more by 1 081,0 thou. tn comparing with the corresponding period of 2015.

Lithuania's grain processor Malsena Plius, which exports around one-tenth of its products, says that the weak ruble has forced it to switch from Russia and Belarus to other export markets, noting a recent increase in flour sales to African countries.