The European Union will fund 23 heating network modernization projects in Lithuania. The Ministry of Economy has allocated LTL 26.8 million (EUR 7.8 million).

Belarusian President Alexander Lukashenko said that Minsk will not "eat away for no special reason" a $2 billion loan that Russia has promised to deliver in 2014.

According to the data of Statistics Lithuania, in the third quarter of 2013, revenue of non-financial Lithuanian companies amounted to LTL 59.9 billion (EUR 17.3 billion), by 3.6% more year-on-year and by 8% more quarter-on-quarter.

As Lithuania-based wood processing company Grigiskes reported, the group's sales in 2014 are forecasted to grow by 9% up to 360 million litas and profit before tax to grow by 49% up to 20 million litas, Grigiskes said in a statement.

Lithuanian electricity financial market administrator and Lithuanian gas market operator Baltpool expands its share capital by LTL 160 thousand (EUR 46 thousand) and now it reaches LTL 634 thousand (EUR 183 thousand).

"The status, conditions, and efficiency of majority post offices are incompatible with present-day standards. Through renewal of old post offices, we are making every effort to have comfortable, warm, and pleasant environment both for our customers and staff," Directress of Postal Network Division of Lithuania Post Inga Dunduliene said.

The turnover of the Lithuania's company Arimex engaged in the wholesale of nuts and dried fruits field exceeded LTL 100 million (EUR 28 million). As compared to 2009, the turnover of the company in 2013 doubled.

The Kaunas Free Economic Zone (FEZ) is coordinating the contracts with 3 Lithuanian and foreign investors. The investors are planning to invest about LTL 843 million (EUR 243 million) and to create 290 workplaces.

The banking union risks missing its goals under plans put forward by the EU's finance ministers this week, warned EP President Martin Schulz. He issued the warning to EU heads of state in a speech at the opening of a Council summit in Brussels on 19 December at which the economic and monetary union would be discussed. Talking about the resolution system for dealing with failed banks, he said: "The slower and less efficient a system is, the more expensive it will ultimately be for everybody."

The Lithuanian Presidency has on December 17 in Brussels reached an agreement with the European Parliament on the EU guarantee to the European Investment Bank to finance operations supporting investment projects outside the Union.