There are EUR 51.6 million of funding available for Latvia-Lithuania cooperation projects from the European Regional Development Fund (ERDF).

Energy Minister Rokas Masiulis says that Lithuania remains interested in buying the Klaipeda liquefied natural gas (LNG) terminal's vessel from its owner, Norway's Hoegh LNG, before the 10-year charter contract expires in 2024, but it is difficult to say if meetings to be held by Prime Minister Algirdas Butkevicius and him in Oslo this week will help move the talks forward.

Operating income of Danske Bank Estonia increased in the first quarter of 2016 by 15% year on year to 5.6 million euros and net profit grew 47% to 3.2 million euros. Lithuanian branch of Danske Bank said that its first-quarter net profit from core activities of corporate and private banking fell to 3.3 million euros and in Latvia Danske Bank closed the first quarter with EUR 0.92 million in profit.

Studio Libeskind has won an international competition organized by Lords LB Asset Management to design a new 40-million-euro commercial complex in Konstitucijos Avenue, on the right bank of the Neris River in Vilnius, the investment management company said on April 29th.

Lithuania's agricultural investment group Linas Agro Group is buying a fertilizer trade business in Latvia. Linas Agro Group intends to purchase Paleo for nearly 4.6 million euros and take over a fertilizer trade business and trademark from Latfert, with the 4.59 million euro deal to be closed in October of 2017.

Analysts at SEB Bankas, Lithuania's largest commercial bank by assets, expect that a decline in the global oil supply will keep crude prices more stable this year and forecast that the average oil price in 2016 will stay above 40 US dollars per barrel.

SEB Bankas, Lithuania's largest commercial bank by assets, has kept its Lithuanian GDP growth forecast for 2016 unchanged at 2.8%.

Akropolis Vilnius is the most efficient among the largest shopping centers in Lithuania.

Swedbank Latvia in the first quarter of 2016 posted EUR 28 million in profit, up 19% from the respective period last year. The increase is driven by income growth and higher net recoveries, said the bank’s spokeswoman Vineta Savicka. Swedbank in Lithuania said that its first-quarter net profit rose to 22 million euros, up 3% from 21 million euros a year earlier and the Estonian unit of Swedbank made a profit of 45.5 million euros in the first quarter 2016, 23% more than in the first quarter of 2015.