Prime Minister Algirdas Butkevicius announced on Friday that a 5,000 cubic metre onshore liquefied natural gas (LNG) terminal will be constructed in Klaipeda. In addition, a small vessel for transportation of gas will be purchased.

Statistics Lithuania informs that, based on non-final data obtained from customs declarations, Intrastat reporting and VAT returns data, exports in December 2014 amounted to EUR 1.9 billion (LTL 6.6 billion), imports – EUR 2.1 billion (LTL 7.3 billion). Over the month (December 2014, against November), exports decreased by 11.2, imports – by 16.3%.

The Ministry of Agriculture in Lithuania has prepared payment rules in order to provide financial aid to farmers growing beef cattle and sheep.

The majority of the winners in Lithuania's first ever 'Top Employer' awards, held in Vilnius this week, were foreign investors. The best employers in Lithuania of 2014, chosen by means of a poll on the CV-Online website, were announced at a black-tie ceremony, with foreign companies dominating a number of categories.

Disproving the widely popular opinion, startups in Lithuania are no longer a sphere for students. The number of entrepreneurs with higher education has doubled in the last two years, while their average age has increased by two years.

The gross profit of the Lithuanian subsidiary of the largest Danish group of financial services Danske Bank A/S in 2014 was LTL 36 million (EUR 10.42 million), the branch said in an annual report.

Statistics Lithuania has announced that trade turnover in Lithuania's markets totalled EUR 85.5 million in the fourth quarter of 2014 and, compared with the fourth quarter of 2013, it increased by 6.6% at constant prices.

Lithuania's GDP which grew in the last quarter of 2014 as well as has been going up during the entire year allowed to temporarily halt the creation of pessimistic scenarios as Russia started punishing the producers of the European Union with various sanctions and experienced a collapse of its own economy, says financial analyst Gitanas Nauseda, advisor to the SEB bank president.

Statistics Lithuania informs that in 2014 country's gross domestic product (GDP), estimated based on available statistical data and econometric models, amounted to EUR 36 270.8 million (LTL 125 236 million) at current prices. Compared to 2014, the real GDP change, seasonally and working day adjusted, stood at 2.9%.

According to preliminary data, unaudited net profit earned over the year 2014 by AB SEB bankas is EUR 65.3 million (LTL 225.6 million) and by AB SEB bankas Group – EUR 72.4 million (LTL 249.9 million), the bank announced in a statement.