Lithuania's power transmission company Litgrid is starting territorial planning work after the country's government endorsed in August the development plans for four projects important for the Baltic countries' power grid synchronization with that of Western Europe.

Lithuania's electricity and natural gas distribution company Energijos Skirstymo Operatorius (Energy Distribution Operator, or ESO) said on Friday that its revenue for January through July, 2019 fell 15 % y-o-y to 303.5 mln euros.

Rokiskio Suris, one of the biggest dairy groups in Lithuania, posted 89.168 million euros in first-half revenue, down, 12.8% from the same period last year.

Wind turbines with blades made of glass fiber reinforced materials produced in Lithuania generate a great deal of electricity in the North Sea.

A fund operated by French investment company Corum Asset Management is buying a store in Vilnius from the owner of Latvia's DIY store chain Depo, real estate services company Colliers International, which acted as a transaction intermediary, announced on Friday.

The supervisory board of Swedbank has appointed Jens Henriksson as its president and CEO, Henriksson is to assume office as soon as possible.

Lithuania's average wholesale electricity market price edged down by 1 percent last week to 47.84 euros per megawatt-hour (MWh), Elektrum Lietuva said.

In July 2019, based on provisional data, industrial production totalled EUR 1.96 bn at current prices and, compared to June, seasonally and calendar adjusted, increased by 1.2% at constant prices (unadjusted – 2.3%).

Based on provisional data, in July 2019, the turnover (VAT excluded) of retail trade enterprises amounted to EUR 1 bn 70 mln at current prices, and against June 2019, seasonally and calendar adjusted, decreased by 0.2% at constant prices.

Lithuania's state and municipal budgets received 6.247 bn euros in revenue in January-July, 3.1%, or 189.8 mln euros, more than it was planned, and 2.7 % more than a year ago.