After two years of construction work and having invested more than LTL 70 million, Klaipeda Stevedoring Company (KLASCO) has opened a new terminal. Prime Minister Algirdas Butkevicius attended the opening ceremony.

AB DNB Bankas, part of Norway's largest financial services group, earned a pre-tax profit of LTL 32.9 million (EUR 9.5 million) in the first six months of 2014, up from LTL 25.5 million (EUR 7.4 million) in the same period a year ago due to the growing business volume and higher operating efficiency, the bank said in a statement.

In the first quarter of 2014, the annual growth rate of Lithuania's financial assets (3%) exceeded that of liabilities (1%). In Q1 2013, the said growth rates accounted for 2 and 1%, respectively.

Construction company AB Panevezio Statybos Trestas has signed a contract with UAB Devold regarding new textile factory construction in Panevezys, AB Panevezio Statybos Trestas announced in a statement.

President Dalia Grybauskaitė welcomed the participants of the World Lithuanian Economic Forum taking place in Vilnius. At the event which is held for the sixth time already, business people, scientists, politicians and economists will discuss education policy, economic and business issues.

The Lithuanian distribution network operator AB LESTO is extending cooperation with AB Lietuvos pastas. The state-owned companies agreed on service provision to LESTO customers at 45 post offices in Lithuania.

After the official visit by Deputy Minister of Transport and Communications of the Republic of Lithuania Arijandas Šliupas, aimed on increasing the cooperation with People's Republic of China, Chinese media evaluated the Lithuanian scope to establish stable, constructive and mutually beneficial business relationship positively.

In the first half of 2014, a total of 6,998 economic entities were registered in Lithuania, or a 0.2% increase year-on-year, reports LETA/ELTA, referring to Department of Statistics.

Based on data provided by social and media research company TNS LT, in January-May 2014 compared with the same period in 2013, total advertising volume in Lithuania increased by 6.2%. This year outdoor, cinema, radio and television advertising increased the most.

In May 2014, compared with April 2014, industrial producer prices in Lithuania fell by 1.5%, while compared with May 2013 they declined by 4.8%, Eurostat, the statistical office of the European Union, said. In May 2014, compared with April 2014, industrial producer prices fell by 0.1% in both the euro area and the EU.