Lithuania's phosphate fertilizer manufacturer Lifosa, which is owned by Russia's chemical industry concern EuroChem Group, plans to invest approximately 75 million euros in the production of phosphoric acid.

International rating agency Moody’s Investors Service has upgraded the long-term deposit rating of Siauliu Bankas, a Lithuanian commercial bank owned by the European Bank for Reconstruction and Development (EBRD) and a group of local investors, to Ba1, from Ba2.

A total of 1.743 million passengers went through Lithuania's airports during the first five months of 2016, a rise of 14.7% on the same time last year, preliminary data from Statistics Lithuania showed on June 21st.

Axis Industries, a Lithuanian industrial and energy project group, in 2015 saw its consolidated net profit grow by 49.1% to 10.28 million euros, from 6.896 million euros in 2014.

Revenue of the Norwegian-owned electronics production company Kitron is growing due to the service center opened in Lithuania in 2015.

Along with the Investment Plan for Europe, the Connecting Europe Facility plays a major role in bridging the investment gap in Europe, one of the Commission's top priorities.

The European Investment Bank (EIB) will grant a 30-million-euro grant to the state-run Vilnius airport, with guarantees provided by the European Fund for Strategic Investments (EFSI), also known as the Juncker plan.

The European Commission has approved 202 million euros for the Rail Baltica high-speed railway project in the second funding round of which Estonia's share is 10.9 million euros.

The growth of new car sales in Lithuania in the first five months of 2016 was among the biggest in the European Union.

Prices for food and non-alcoholic beverages in Lithuania in 2015 were among the lowest across the European Union (EU), figures from the EU statistical office Eurostat showed on June 15th.