The Norwegian insurance group Gjensidige that acquired the Lithuanian insurer PZU Lietuva at the beginning of the year made a loss of 41.4 mln Norwegian kroner or approximately 4.5 mln euros in the Baltic countries in the first half of 2016.

EU Member States agreed on a Commission proposal to invest €263 million in key trans-European energy infrastructure projects.

New light-vehicle (M1&N1) registrations in the Baltic States increased by 21.0% to 19’929 units in II quarter 2016.

Estonian-owned Lithuanian clothes retailer Baltika Lietuva last year posted 12.107 mln euros in revenue, down 1.3% from 12.263 mln euros in 2014.

Investors participating in the offering of units of Baltic Horizon Fund, which have been admitted for trading in the Baltic Fund List of Nasdaq Tallinn as of July 6, subscribed to approximately 30 million euros' worth of units, resulting in net proceeds of around 20.5 million euros for the fund.

Members of Parliament’s Budgets and Economic and Monetary Affairs committees are set to debate the need for a euro area budget with finance ministers Jeroen Dijsselbloem (Netherlands, also Euro Group President), Michel Sapin (France), Pier Carlo Padoan (Italy), Pierre Gramegna (Luxembourg), Peter Kažimír (Slovakia), Edward Scicluna (Malta) and Euclid Tsakalotos (Greece) on Monday evening from 19:00 to 21:30.

Latvia, Lithuania and Estonia has one of the lowest levels of resource productivity in the European Union, figures from Eurostat showed on Thursday.

Prime Minister Algirdas Butkevicius told Chinese officials on Thursday that, in addition to milk and beef, Lithuania also wants to export grain to China.

Construction on the third phase of Vilnius western bypass may be completed as early as in 2016 and the road is expected be opened to traffic immediately thereafter, Vilnius Major Remigijus Simasius has said.

Lithuania's property developer Eika is looking for new investors and is considering setting up a commercial real estate project management company that would possibly float its shares on the stock exchange, Verslo Zinios reported on June 29th.