Due to African swine fever, pork processors now pay some 30 percent more for meat, compared to the last year, and businesses will have to work under the conditions of higher costs for at least several years before pig farms star to recover.

A tanker has delivered a new large shipment of Norwegian liquefied natural gas (LNG) to Klaipeda, probably for Lithuania's fertilizer manufacturer Achema, the country's largest gas consumer.

Lithuania's mobile device maintenance and repair services provider MTTC has entered the Polish market with the opening of a phone repair facility in Warsaw jointly with Poland's Digital Care.

Standard & Poor's has affirmed its BB+ credit rating on Maxima Grupe (Maxima Group), with a stable outlook, the Baltic retail group said.

The Lithuanian parliament's Committee on Budget and Finance, which has investigated the circumstances surrounding the 2009 financial crisis, is proposing to the government to consider a possibility to establish a commercial state bank.

Lithuania has risen three notches from last year to reach its highest-ever 11th position in the World Bank's latest ranking of 190 economies on the ease of doing business.

Lithuanian cheeses, yoghurts and other dairy products are now subject to a new 25-percent import tariff imposed by the United States, according to the US Federal Register.

The Lithuanian seaport of Klaipeda has posted the best cargo handling figures among all Baltic ports for four successive years now.

Klaipeda FEZ earned 4 bespoke awards in the annual Free Zones of the Year ranking, released by fDi Intelligence, a foreign direct investment publication, belonging to the Financial Times Group. In the 2019 rankings, the Klaipeda FEZ was mentioned for its expansions, local transport improvements, workforce amenities and the FlexStart manufacturing building.

Luminor started to route US dollar payments through its new core banking platform via Citibank N.A., the third largest banking group in the United States, from the beginning of October.