The Norwegian company Devold, which is engaged in making knitwear, is building a new plant in Panevezys Free Economic Zone, Lithuania.

Local government of Siauliai city is looking for foreign investors. They presented the Siauliai business climate to the Estonian ambassador and representatives of the Estonian Chamber of Commerce in Lithuania.

Having assessed the impact of record-low interest rates on residents' expectations and solutions, the Board of the Bank of Lithuania has approved the updated Responsible Lending Regulations (RLR) that will mitigate the risk of over-indebtedness of residents. The Regulations were approved following consultations with credit market participants and will come into effect on 1 November 2015.

In 2014, approximately a tenth of households with loans in Lithuania were late to pay tranches for 60 days and above, mostly – borrowers of consumer loans.

On 29 May 2015, AB Linas board confirmed AB Linas consolidated interim financial reports of three months of year 2015 which are not checked by the auditors and prepared according to international financial accountability standards accepted by the EU.

Having recently investigated the unit-linked life assurance market in several directions, the Bank of Lithuania puts forward for a public discussion proposals on how to deal with fundamental problems within this fast developing market.

State Company Klaipedos Nafta net profit for the 3 months of 2015 amounts to EUR 4,473,000 or higher by 124% when compared to the same period of 2014 – EUR 1,997,000.

EUROC Lithuania celebrates the fifth birthday of the establishment. Within the past 4 years, EUROC expanded more than 5 times from the initial plan of 250 employees in 2010 to more than 1,300 employees today (2015 April). During this time, Western Union's (WU) centre in Lithuania has experienced the strongest growth in global WU scale.

In the first quarter of the year 2015, most credit unions made a profit to substantially improve their performance year on year; however, the quality of loans deteriorated. The ratio of specific provisions against loans, formed by credit unions, to loans increased, while non-performing loans, according to 1 April 2015 data, accounted for more than a fourth of total loans.

On May 26 Air Lituanica reached an agreement on the passenger transportation with Air Baltic also for period May 30 - Jun 5 (inclusive). Passengers flying on May 30 already received information about the flights. Passengers flying on May 31 - June 5 will get a reservation messages to the e-mail about the availability of flights with Air Baltic and should contact Air Baltic customer service center for a new route choice. Air Baltic accept Air Lituanica passengers on BT flights from and to Amsterdam, Brussels, Prague, Munich, Paris, Billund, Stockholm, Vilnius, Tallinn, Hamburg.