The Bank of Lithuania published the balance sheet and interest rate data of monetary financial institutions (MFIs) for October 2022, which show that:

As batteries become a strategic market, the European Parliament is working on new rules to tackle related environmental, ethical and social issues.

Lithuania is expanding its economic representation network in one of the most important markets for our country, Germany, and strengthening its team of commercial attachés. Lina Gudelionytė-Gylienė and Arūnas Šarka will be joined by Inga Rovbutas. She becomes the third Commercial Attaché in Germany.

Having completed the works of the Enhancement of Latvia-Lithuania interconnection (ELLI) project a year earlier, the Lithuanian gas transmission system operator Amber Grid has increased the capacity of its gas pipeline by one-third. It improved the region’s gas supply opportunities and allowed for a faster filling of Latvia’s Inčukalns underground gas storage facility, which stores gas for all countries of the Baltic region. Lithuania’s implementation of the ELLI project has increased the integration of the Baltic gas market and the energy security of the region.

Territorial planning in the framework of the implementation of the Rail Baltica project continues — the concrete solutions for the railway infrastructure maintenance depots of Panevėžys and Kaunas are being made public. The special territorial planning document, which will be accessible to all interested parties, provides for the specific sites for the construction of depots and related facilities. The duration of the publicity procedures is two months.

Lithuania, together with other European Union (EU) Member States, has an opportunity to further strengthen the country’s high value-added semiconductor industry, help solve the shortage of semiconductor chips and access the necessary funding.

The Transport, Telecommunications and Energy (TTE) Council on Monday adopted a general approach on the trans-European transport network (TEN-T) regulation, which provides for the development of a new European gauge railway line to Klaipėda, including the line in the relevant TEN-T maps. According to the Minister of Transport and Communications of Lithuania Marius Skuodis, this will help to ensure not only better international rail transport interoperability, but also the competitiveness of the Klaipėda Seaport.

Saving energy is key to fighting climate change and reducing the EU's energy dependency. Find out what MEPs are doing to reduce consumption.

Lithuanian Airports has carried out an international public procurement procedure for the preparation of master plans and feasibility studies. The study, which will outline development options for the coming decades, will be prepared by Royal HaskoningDHV from the Netherlands. The contract is worth EUR 824 thousand (excluding VAT).

Although exports of Lithuanian goods to China declined significantly in the first nine months of this year, overall exports of Lithuanian goods to the Southeast Asian region are growing strongly and are offsetting the loss of exports to China.