In 2013, Lithuania's commercial property service sector was stably growing: the business centres rejoiced at the busyness, the rent demand in the supermarkets exceeded the supply and the vacancies in the logistics continued to decrease.

On Friday, Lithuania's Prime Minister Algirdas Butkevicius met with CEO at Russian gas giant Gazprom Aleksey Miller in Sochi.

In comparison to 2012, last year Maxima Group's consolidated turnover grew by 5.9%, reaching LTL 8.699 billion (EUR 2.519 billion) excluding VAT. The developments made in Estonia in the recent years and the renewal of stores in Poland and Lithuania had the greatest impact on growth.

SEB Group in Latvia achieved EUR 25.8 million in operating profit after taxes and provisions in 2013. The Estonian units of SEB bank ended the year 2013 with a profit of 73.9 million euros, and unaudited net profit earned over the year 2013 by AB SEB Bankas is LTL 212.3 million (EUR 61.5 million) and by AB SEB Bankas Group – LTL 212.3 million (EUR 61.5 million).

In 2014, telecommunication company Bite Lietuva will invest almost LTL 45 million (EUR 13 million) in improvement of its networks and services.

The turnover of the leading company of the real estate in the Baltic States Ober-Haus reached LTL 10.62 million (EUR 3.0 million) in Lithuania. This was 48% more, as compared to 2012 when the turnover reached LTL 7.18 million (EUR 2.0 million).

Experts predict faster growth of Lithuanian economy which has already exceeded expectations in 2013.

In 2013, earnings of telecommunications company Omnitel stood at LTL 462 million (EUR 134 million), while its EBITDA margin was at 24%.

During the extraordinary meeting which was taking place on Thursday, the shareholders of Lithuania's company Lietuvos Dujos decided to initiate the arbitration proceedings against OAO Gazprom seeking to reduce the prices of gas supplied according to 16 December 1999 Gas Supply Agreement No GLi-2000 (including all subsequent amendments and supplements thereto).

Russia announced this afternoon that a ban is on for pork and pork products crossing the border from European Union countries in wake of the swine fever outbreak in Lithuania.