Statistics Lithuania informs that in II quarter 2015 country's gross domestic product (GDP), estimated based on available statistical data and econometric models, amounted to EUR 9 274.9 million at current prices.

Statistics Lithuania informs that, based on provisional data, in June 2015, the turnover (VAT excluded) of retail trade enterprises* amounted to EUR 772.8 million; against May 2015, it increased by 1.1% at constant prices (seasonally and working day adjusted – increased by 0.8%).

In June 2015, the average price for electricity in the Nord Pool Spot Lithuanian bidding area was 14% higher than in May and it reached 42.8 EUR/MWh. Compared to the same period last year, the price of electricity was 22% lower, reports BC Litgrid.

Orlen Lietuva benefits from restructuration and very favorable macroeconomical conditions in Q2 of 2015. Production capacity utlilization reached 86% (reaching 92% in June, which was the highest level since two years).

Baltic e-commerce group Pigu reached turnover of EUR 50 million in 2014, with an increase of 31% compared to 2013, when the turnover was EUR 38,2 million, Roberts Ziminskis, representative of Pigu.

The company Lithuanian Shipping Company (LSC), whose vessels remain arrested in foreign ports and which suffers from an extremely complicated financial situation, will have to file for bankruptcy, said Lithuanian Transport and Communications Minister Rimantas Sinkevicius, after a meeting with President Dalia Grybauskaite on July 22nd.

According to the preaudited data, Lithuanian bank Siauliu Bankas AB gained EUR 12.4 million of net profit over the first half year of 2015, while the bank Group earned EUR 15.2 million of net profit.

Bankruptcy administrator of bank Snoras has started a new stage of property sales. It is expected to sell more than 1,500 movable and 250 immovable properties, including the bank's former headquarters in Vilnius.

Statistics Lithuania informs that in June 2015 industrial production totalled EUR 1.7 billion at current prices and, compared to May, grew by 4.4% at constant prices, seasonally and working day adjusted – by 0.8%.

Based on preliminary data of Statistics Lithuania, in June 2015 compared with June 2014, Klaipeda State Seaport and Butinge Terminal handled by 17% more cargo. Meanwhile, Lithuanian airports and Lithuanian railways transported by 24 and 10.8% more goods respectively.