HCL Technologies Lithuania, an Indian-owned programming and IT company that opened a new office in Vilnius in 2019, has reported a net profit of 812,600 euros for the past financial year, a rise of 21% year-on-year.

The annual Free Zones of the Year ranking, conducted by fDi Intelligence, a foreign direct investment service by the Financial Times group, recognised Klaipeda FEZ for sustainability solutions offered by its management as well as other companies operating within the Zone. It is the first award of this kind in Lithuania.

A new cargo of liquefied natural gas (LNG) from Russia's Novatek arrived in the Lithuanian port of Klaipeda on Friday, marking the 49th such shipment in the outgoing gas year.

Viada LT, the operator of former Lukoil filling stations in Lithuania and Latvia, posted an unaudited consolidated net profit of 495,800 euros in the first half of this year.

Lithuania's postal and courier services market grew to 52.65 mln euros in the second quarter of 2020, up 12.4 % from 46.85 mln euros in the same period last year.

LOT Polish Airlines is relaunching flights between Vilnius and London City from August 31st.

Klaipedos Nafta (Klaipeda Oil), Lithuania's state-owned oil and LNG terminal operator, plans to become the operator of at least five LNG terminals worldwide and a stakeholder in four terminals over the next ten years.

Lithuanian researchers and their partners from various European countries have developed an environmentally friendly battery for storing green energy.

Latvian-owned Citadele Bank has agreed to lend EUR 7.3 million to Viciunai Group, one of Lithuania's largest food groups, to help finance the construction of a new logistics and warehousing center.

LTG Cargo, a freight subsidiary of Lietuvos Gelezinkeliai (Lithuanian Railways, LG), Lithuania's state-owned railway company, transported 24.279 million tons of cargoes in the first half of this year, down 9.7 percent from 26.9 million tons a year ago.