Pieno Zvaigzdes, one of Lithuania's largest dairy producers, is gradually raising exports volumes to countries outside the European Union (EU).

About one-third of the consumer financing granted in 2015 was issued to people in the age group of 25-34 while youngsters under 24 years of age were most reluctant to take consumer loans from commercial banks, according to the SEB Baltic Household Outlook.

Competition on the global market of liquefied natural gas (LNG) should continue growing, which should be in the benefit of Lithuania, experts say.

The International Monetary Fund (IMF) recommends that Lithuania should strengthen its credit unions sector and carry out structural reform of the sector.

The second phase of Vilnius' 50-million-euro shopping complex Nordika opened on May 20th next to the Lithuanian capital's only Ikea store.

Vilniaus Prekyba, one of Lithuania's biggest business groups, has purchased the Akropolis shopping centers for more than 400 million euros, closing a deal that dragged on for over a year after being challenged in courts.

Lithuanian food producers already have contracts with the German-owned discount supermarket chain Lidl, with the first goods to be supplied on May 25, therefore, the opening is expected in early June 2016, Verslo Zinios business daily said on May 18th.

Lithuania was the only Baltic country to post a year-on-year increase in exports for the first quarter of 2016, figures from the EU statistical office Eurostat showed on May 17th.

Leisure carrier Small Planet Airlines GmbH obtained their German Air Operator’s Certificate (AOC) and will now operate flights under German registration. Small Planet Airlines Group began offering its services to the German market last autumn and from the first steps had a clear vision to establish an AOC in Germany.

Industrial tourism may be profitable, show examples from food production companies in Lithuania, which see this as an efficient marketing instrument, even if revenues from visitors cover the costs only.