According to preliminary data of Statistics Lithuania, Lithuanian airports handled 2.9 million people this year. The number of arriving and departing people increased by 6 percent in September, when compared to the same period in previous years.

The rate of export of Lithuanian agricultural products to Poland increased by 16.5 percent when comparing the period of January-August 2014 to the same period of last year. Nevertheless, the biggest increase of export – almost double - was observed to Egypt.

An estimated EUR 177 billion in value added tax (VAT) revenue was lost in the European Union due to non-compliance or non-collection in 2012, according to the latest VAT Gap study published by the European Commission. This equates to 16% of total expected VAT revenue of 26 member states.

AB DNB Bankas, part of Norway's largest financial services group, earned a pre-tax profit of LTL 42.3 million (EUR 12.26 million) in the first nine months of 2014, up from LTL 36.4 million (EUR10.55 million) in the same period a year ago due to the further growth of business volumes and higher operating efficiency, the bank said in a report today.

The European Central Bank (ECB) has set minimum reserves for banks in Lithuania, the Bank said on Friday.

The Lithuanian airline Air Lituanica expands its business in Belarus with agency Ticketing Airport Services Belarus becoming the official commercial representative of the company. The agency will be responsible for the distribution of Air Lituanica flight tickets on the Belarusian market and represent the company in terms of marketing and the market of tourism, the airline said in a statement.

The function of payment of compensation for heating will be transferred to local governments and they will be able to assist a greater number of residents as from next year.

In his meeting with Lithuanian economic diplomats and representatives of Enterprise Lithuania (Versli Lietiva), Lithuania's Minister of Economy Evaldas Gustas presented the challenges posed to Lithuania by the Russian embargo and urged them not to give in in their search for new export markets for Lithuania's produce.

A newly built high voltage power line between Klaipeda and Telsiai has been put into operation. It is the first 330 kV overhead power line built after the restoration of Lithuania's independence. The power line will transmit electricity from Northern Europe to Lithuania when the NordBalt power link begins to operate, energy company Litgrid announced in a statement.

The Board of TEO LT, AB approved unaudited TEO LT, AB Consolidated Interim Financial Statements, prepared according to International Financial Reporting Standards as adopted by the European Union, for the nine months period ended 30 September 2014, the company said in a statement.