The Lithuanian Aid Fund for Business with a target size of up to 1 billion euros is expected to be launched in late summer, First Deputy Government Chancellor Lukas Savickas said on June 8th.

While continuing divestment of non-core businesses, an international energy company Ignitis Group together with Litgrid signed a share sale-purchase agreement with Quaero European Infrastructure Fund II (QEIF II), an infrastructure investment fund managed by Quaero Capital, regarding the sale of UAB Duomenų logistikos centras (DLC). Following the agreement, Ignitis Group will sell 79.64%, whereas Litgrid – 20.36% shares of DLC. informed Ignitis Group representative.

Latvian airline airBaltic has on Monday resumed its regular flights from Vilnius to Amsterdam.

Lithuania became one of the economies in May 2020 with the fastest rate of return back to normal as growing residential mobility allows to believe that a major part of internal demand will get back to normal, and the situation in the labor market is also showing signs of stabilization, Vitas Vasiliauskas, board chairman of the central Bank of Lithuania, says.

A total of 15,506 new passenger cars were registered in Lithuania in January-May 2020, down 26.9% from 21,201 in the same period last year, the market research company Autotyrimai said.

The construction of the Pabrade-Pazeimene railway section of national importance was completed in Lithuania's Svencionys District earlier this month and it will be presented on May 29th.

The Lithuanian government intends to invest 6.3 billion euros in the post-coronavirus economy by the end of 2021, 1.8 billion euros more than planned earlier.

The Lithuanian seaport of Klaipeda handled 14.7 million tons of cargo in January-April 2020, a decline of 7.5% year-on-year.

CAST AI, a Florida-based developer of cloud computing solutions, is opening a development office in Lithuania, with plans to expand its Vilnius-based team to 100 people in the next three years, Invest Lithuania informed.

In I quarter 2020, there were 2,009 new residential and non-residential buildings completed, i.e. by 14.2% more than in the respective quarter of 2019. Over the quarter, 1,856 new residential buildings with 3,462 dwellings were completed, of which 60.2% – in individual houses.