Building and home improvement supplies chain Kesko Senukai increased net sales in the Baltic countries to 715.5 mln euros last year, up 18.8% from 602.1 mln euros in 2018, the Verslo Zinios reported on Tuesday.

The coronavirus outbreak in China is already affecting the logistics business in Lithuania as the number of transit flights over Lithuania is already down since a number of global airlines have suspended flights to China.

More than half of Lithuanians keep their savings in their current account and only one in ten invest their money.

Finnish business group Fortum might divest its heat production and supply business in the Baltic states, Poland and one Finnish region.

Lithuanian fintech startup Neo Finance has entered the Estonian market with the launch of its Neopay payment initiation service (PIS).

Lithuania's wind power generation hit an all-time record last year thanks to windy weather and improving technologies.

The Lithuanian seaport of Klaipeda is planning to deepen most of its navigation channel to 15 meters to make it safer for large ships and cut their costs.

Avia Solutions Group (ASG), a global aviation business group controlled by Lithuanian businessman Gediminas Ziemelis, is buying Iceland-based cargo airline Bluebird Nordic.

Estonia's My Fitness has purchased the owner of Gym Plius sports clubs in Lithuania.

KN has been appointed as the operator of a liquefied natural gas (LNG) terminal in the Brazilian Port of Açu. KN, KN Açu Serviços de Terminal de GNL Ltda. (Brazilian SPV) and Gas Natural Açu (GNA), which is a joint venture among Prumo Logistica, BP and Siemens, signed a respective agreement for the provision of the services.