Large Baltic banks, which have to comply with more stringent e-banking security requirements from this year, are working on a common solution that will enable their customers to make online payment securely, president of the Lithuanian Banks' Association (LBA) has said, adding the banks involved are now assessing potential proposals for a future application and the solution might possibly be worked out by the end of the year.

Consolidated revenue of Acme Group, the leading Lithuania's ICT equipment wholesaler and movie distributor, in 2015 rose by 38.8% to 335.05 million euros, from 241.31 million euros in 2014.

Lietuvos Gelezinkeliai (Lithuanian Railways) will cooperate with KTZ Express, a subsidiary of Kazakhstan Temir Zholy (Kazakhstan Railways), in an effort to attract more freight from Kazakhstan to Lithuania and further west.

The Lithuanian Finance Ministry on January 18th, 2016 raised 8 million euros by reopening a ten-year government bond, falling due in 3,213 days, at an average yield of 1.416%.

Member States agreed on a Commission proposal to invest €217 million in key trans-European energy infrastructure projects.

The Taurage Industrial Park (TIP), in Western Lithuania, in 2015 failed to find any new investors. However, it is now holding talks with several potential investors from Scandinavia, which plan to settle down in Taurage in 2016, the Verslo Zinios business daily reports on Monday citing Darius Stankus, TIP business development manager.

Lithuania's total crude oil production last year fell to 74,000 tons, down 10 % from 82,000 tons in 2014, the Environment Ministry said on Friday.

64% of the Lithuanian population see banks as one of the country's most important economic sectors, a survey showed on Thursday.

Lithuania's PET pre-form and PET bottle manufacturer Putoksnis is launching a project worth over 3.3 mln. euros and is targeting a 20 % growth in sales this year.

SEB Bankas, Lithuania's largest commercial bank by assets, has left unchanged its September forecast for this year's Lithuanian GDP growth at 2.8 %.