Opera Limited, a software company and one of the world’s leading browser providers with more than 360 million users, intends to acquire Fjord Bank, a Lithuania-based digitalized bank, which on Wednesday launched its first exclusively online deposit and loan service, and will apply for the required regulatory approvals, Fjord Bank reported on July 9th.

Lithuania's three international airports lost over 1.5 million passengers due to the coronavirus pandemic that started in the spring, but the situation has been improving lately, their operator said on July 8th, 2020.

Lithuania's consumer confidence indicator went up by 7 percentage points in June from May to minus 4 percent, the latest figures from Statistics Lithuania, Lithuania's statistics service, showed on Friday.

Biogen, a US-best biotechnology company, one of the largest in the world, has established a subsidiary in Lithuania and it plans to research, produce, test and sell pharmaceutical and biological products.

Rail Baltica, a European standard gauge railway that will connect the Baltic countries, will also improve military mobility, General Jorg Vollmer, commander of Allied Joint Force Command (JFC) Brunssum, has said.

Lithuania’s Seimas has lifted the tax-free income threshold, which will be applied to all labor income this year, by 50 euros, to 400 euros.

The Lithuanian seaport of Klaipeda handled 18.4 mln tons of cargo in January through May 2020, a decline of 6.7% y-o-y.

The average wholesale electricity price in Lithuania fell by a preliminary 39% y-o-y in the first half of 2020, Lithuania's power transmission system operator Litgrid has said citing its analysis.

Lithuania's exports rose 4.8% to 29.624 billion euros in 2019, and imports grew 3.3% to 31.949 billion euros, according to the final figures published y the country's statistics office, Statistics Lithuania.

Russia's discount supermarket chain Svetofor, which operates in EU countries under the Mere band, has launched its first Lithuanian store in Kaunas, with plans to open 40 stores in Lithuania in 2020.