State controlled company Klaipedos Nafta during October 2014 reloaded 498,000 tons of oil products into its storage tanks, greater by 35.0% than during October 2013, when 369,000 tons were reloaded. During ten months of 2014 the company reloaded 4.39 million tons of oil products into its storage tanks, by 14.7% lower than during ten months of 2013.

The European Commission's autumn forecast projects weak economic growth for the rest of this year in both the EU and the euro area. Real GDP growth is expected to reach 1.3% in the EU and 0.8% in the euro area for 2014 as a whole. Growth is expected to rise slowly in the course of 2015, to 1.5% and 1.1% respectively, on the back of improving foreign and domestic demand. An acceleration of economic activity to 2.0% and 1.7% respectively in 2016 is expected to be driven by the strengthening of the financial sector (following the comprehensive assessment by the European Central Bank and further progress towards the Banking Union), as well as recent structural reforms starting to bear fruit.

Talks to be held in Lima next month should enable global partners to reach an ambitious climate agreement in Paris in 2015, so as to keep the world on track for a sub-2°C climate warming scenario, said the Environment Committee in a resolution voted on Wednesday. MEPs reiterated the pledge by the EU and its member states to step up contributions to the UN Green Climate Fund so as to mobilise USD 100 billion per year by 2020, and called on other donors to play their part too.

With the beginning of the year 2014, 330 post offices will exchange the litas to the euro free of charge for a period of 60 calendar days. In relation to this process, Lithuania Post will employ 75 employees throughout the country.

On 31 October 2014, subsequent to obtaining the required consents and approvals from market regulators, PZU SA has finalized its contract with the RSA Group to purchase the Lithuanian company doing business as Lietuvos Draudimas and the Estonian branch of Denmark's Codan Forsikring A/S.

Invalda LT, one of the leading companies in Lithuania investing in other businesses and managing assets, together with partners has signed the Finasta group Share Purchase Agreement.

AB Utenos Trikotazas sales for the third quarter of 2014 amounted to LTL 17.5 million (EUR 5.1 million), i.e. 14.7% more than during the same period in 2013.

The unaudited consolidated profit before income tax of Apranga Group amounted to LTL 33.7 million (EUR 9.8 million) during the nine months of 2014, while Apranga Group has made the profit of LTL 33.1 million (EUR 9.6 million) in the same period of 2013 (an increase of 2.0 percent).

Lithuanian oil producers are worried: the fall of oil prices does not seem to end soon, which results both in lower income of their companies and the state budget.

Lithuanian Ministry of Transport and Communications has Lithuania prepared the New Generation Access Network Plan for 2014-2020, which in terms of state intervention will provide the basic new generation broadband infrastructure in areas where no adequate broadband infrastructure was available before, the ministry said in a report.