Lithuania's exports contracted by 8.4 percent in January-June 2020 from a year earlier to 13.187 billion euros, and its imports shrank by 14.2 percent to 13.511 billion euros, the country's statistics office said on Friday.

Lithuania's PET resin manufacturer Neo Group expects to launch a 1-megawatt solar power plant by the end of the year, expecting to save more than 50,000 euros in annual energy costs.

The construction of the Lithuanian-Polish gas pipeline (GIPL) under the River Nemunas was started in Lithuania earlier this week, Lithuania's natural gas transmission company Amber Grid said.

The operator of Lithuania's three international airports sees the current decline in passenger traffic due to the coronavirus pandemic and the government’s 150-million-euro financial injection as a good opportunity to accelerate infrastructure expansion and upgrades.

Lithuanian entrepreneur Milda Mitkutė, co-founder of Vinted / Kleiderkreisel, on being named one of the Top 10 Female Founders in the world, informed Invest Lithuania. Rating created by Business.Financing.co.uk.

Ignitis Polska, a Polish subsidiary of Ignitis, entered the country’s market of electricity and natural gas supply for business customers. Strengthening the position in the Polish market is one of the goals set in the renewed long-term corporate strategy of Ignitis Group. Founded in 2017, Ignitis Polska so far engaged only in the wholesale electricity trading on the stock exchange, selling up to five terawatt-hours of electricity per year in the Polish wholesale electricity market.

A new large shipment of liquefied natural gas (LNG) from Norway is on its way to the Lithuanian port of Klaipeda, marking the 16th such cargo in the gas year that started last October.

Banks in Lithuania saw their combined net profits drop by 25.8 percent in the first quarter of 2020 from a year ago to 65 million euros.

Lietuvos Gelezinkeliai (Lithuanian Railways, LG), Lithuania's state-owned railway company, is expanding to Poland and looking into buying a cargo company in Poland and is looking for consultants.

As the number of people living below the poverty line dropped in Lithuania in 2019, economist Rimantas Rudzkis says it reflects shrinking social inequality in the country and is a result of the state's social policy.