On November 17th, Polish Business Awards were handed out for the third time in Lithuania in 2014. Trade and Investment Promotion Section of the Polish Embassy is organising Polish Business Awards.

The European Central Bank will take unconventional monetary measures if the economic situation in the euro area requires them, ECB President Mario Draghi reiterated to economic and monetary affairs MEPs on Monday. As the Banking Union takes shape, risks could migrate from banks to the non-banking sector, he warned. Also, speaking as chair of the Systemic Risk Board, he added that there is "a vast scope for more coordination of sanctions against banks between the US and Europe".

State enterprise the Deposit Insurance Fund, which paid out insurance to the customers of the bankrupt Bank Snoras, is yet to recover LTL 498 million (EUR 144.2 million) from the bank, estimates Chairman of the Board of the Bank of Lithuania Vitas Vasiliauskas.

In September 2014, the build-up of the current account balance (CAB) in surplus (LTL 346.8 million, or EUR 100.4 million) was driven by growth in the surplus balances of secondary income and capital account, as well as the remaining surplus in the balances of services.

Based on provisional data of the Ministry of Finance in Lithuania, in January-October 2014 the state budget received by 0.9% more than projected revenue from tax, whereas the aggregate state budget revenue collection plan has been fulfilled at 100.5%.

In October 2014, Klaipėda Port cargo turnover has grown by 24.3%: total of 3,652.8 thousand tons (including LNG – 48.6 thousand tons) were handled, i.e. 713.6 thousand tons more than in October 2013, reports BC port's marketing specialist Mantas Stoncius.

After Statistics Lithuania evaluated prices of 100 homogenous consumer goods and services it transpired that 39 goods and services became more expensive, 48 became cheaper, while prices of 13 goods and services did not change.

In 2015, natural gas price in Lithuania will grown by LTL 102 (EUR 29.5) per thousand cubic metres due to Klaipeda's Liquefied Natural Gas (LNG) terminal.

Orders are coming in thick and fast at Norwegian capital company Stansefabrikken's factory, located in the Lithuanian town of Ukmerge. The company forecasts growth of 10-15% and its turnover should reach EUR 21 million.

63 credit unions operating under the Lithuanian Central Credit Union (Lietuvos Centrine Kredito Unija – LCKU) earned LTL 183,000 (EUR 53,000) in profit in the first three quarters of 2014. In the first three quarters of 2013 they recorded a LTL 5.5 million (EUR 1.6 million) loss.