SEB next year will introduce a new platform for e-commerce in the Baltic states.

An intensive two month entrepreneurship programme was rounded off with the ‘Demo Day’ – the final Kaunas startups programme event on 16th December in Kauno Dokas. For eight weeks selected teams deepened their knowledge of the most important steps of creating an innovative business: how to position your idea, understand the value to the client, make sales, use digital marketing tools effectively, prepare for meetings with investors.

From 1st of January 2020 the Nordic energy company Gasum, will start its operation as Market Maker on the Baltic - Finnish Gas Exchange, GET Baltic. The company will take responsibility in maintaining sufficient liquidity and continuous trading on the Finnish market area by periodically providing natural gas sale and purchase orders through the trading platform of the regional gas exchange.

Lithuania's state-run railway company Lietuvos Gelezinkeliai (Lithuanian Railways, LG) has on Friday signed a contract, worth 363 mln euros, for the electrification of the Vilnius railway hub and the Kaisiadorys-Klaipeda railway, with Spanish company Elecnor.

The Lithuanian government on Wednesday gave the go-ahead for liberalizing the retail electricity supply market between 2021 and 2023, which means that the state regulation of electricity prices for household consumers will be phased out.

A new small cargo of liquefied natural gas (LNG) from Russia's Novatek arrived in the Lithuanian port of Klaipeda on Tuesday.

The corporate income tax rate for banks and credit unions is set to rise to 20%, from the current 15%, in January.

Lithuania's fertilizer producers – the Jonava based nitrogen fertilizer producer Achema and the Kedainiai-based phosphorus fertilizer producer Lifosa – are concerned that the ongoing fertilizer market probe in Ukraine could negatively effect their exports to this country.

Monaco-registered GRH International has decided to establish its new R&D and manufacturing unit in the Klaipeda Free Economic Zone (FEZ).

An investment of 20m Euros is aimed at creating one of the largest aircraft maintenance, repair and overhaul facilities in Europe.