Lithuania's oil product and liquefied natural gas (LNG) terminals operator Klaipedos Nafta (Klaipeda Oil) said on April 5th that its total first-quarter revenue rose by 12.2% year-on-year to reach 29.97 million euros.

Lithuania's total grain and oilseed rape exports soared by 48% in February 2016 compared with a year ago thanks mostly to a surge in wheat exports, according to the Agricultural Information and Rural Business Center's latest publication Agrorinka (Agrimarket).

A special governmental commission, assessing the compliance of potential investors with national security interests, does not object to the takeover of Lukoil's chain of filling stations in Lithuania by Austria's AMIC Energy Management.

The Lithuanian central government sector's deficit for January through February totaled 70.4 million euros, accounting for 0.2% of this year's projected gross domestic product (GDP), the Finance Ministry said late on March 31st.

Lithuania's public debt totaled 15.815 billion euros at the end of 2015, accounting for 42.5% of last year's GDP, data from the Finance Ministry showed on March 31st.

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 18.245 million euros to 109.472 million euros from undistributed profits and to pay out 629,000 euros, or 0.2 euro cent per share, as dividends to shareholders.

Lithuania's retail sales, excluding car sales and repairs and food and beverage service providers, for January through February 2016 rose by 6.8% year-on-year to 1.315 billion euros, not including VAT, figures from Statistics Lithuania showed on March 29th.

In the first two months of the year 2016, compared to the same period last year, the Port of Klaipeda was the only Baltic port to register an increase in cargo turnover.

Apranga, the largest Baltic fashion retail chain, is opening the first Sandro and Maje stores in the Baltic countries on March 24th.

The Scandinavian financial group Swedbank has received the green light to take over the Lithuanian retail banking business of Danske Bank, the second-biggest financial group in Northern Europe by assets.

The Lithuanian Competition Council cleared the deal, whose value is not being disclosed, on Tuesday.

"The transferred share of Danske Bank Lithuania Branch's assets, rights and liabilities in the relevant markets cannot be considered significant," it said.

Swedbank and Danske Bank said that the service transfer would be carried out between Jun. 3 and Jun. 6 and would be free of charge to customers.

"Specialization of banks is a widespread phenomenon in the world. From now on Danske Bank will focus on the activity which is the strong side of the bank, i.e. on business and private banking, in Lithuania," Gintautas Galvanauskas, CEO of the Danske Bank branch, said in a press release.