Investigators suspect that illegal workers from Ukraine and Belarus were hired for reconstruction works on Vilnius' landmark Gediminas Hill.

Men's gross monthly wages in Lithuania exceeded those of women by 156.3 euros on average in the first quarter of 2019, according to figures released by Statistics Lithuania.

Capital Mill, an Estonian company investing in commercial real estate, is about to build a nine-story office building in the Lithuanian capital Vilnius for an estimated 35 mln euros. The structure is expected to be completed in fall 2021, Capital Mill announced on Monday.

In I quarter 2019, the volume of construction work carried out in the country amounted to EUR 535.1 mln at current prices, and against the previous period, seasonally and calendar adjusted, increased by 14% (unadjusted – decreased by 40.6%).

By resolution of the Board of the Bank of Lithuania, UAB INVL Asset Management was imposed a €140,000 fine for two legislative breaches identified during its inspection, informed Bank of Lithuania.

Since 10 May Vilnius Airport passengers may already use an automated border control system. In total, 10 smart self-service gates have been installed in the capital’s air gates that will allow organising the traffic or arriving and departing passengers more smoothly. Such a border control system is currently not available at any airport in the Baltic States and Poland.

As Lithuania, Latvia and Estonia prepare to synchronize their power grids with the Continental European network, three synchronous compensators are to be built in each of the three Baltic countries to ensure frequency stability.

Polish-owned Lithuanian crude refiner Orlen Lietuva has returned two shipments of Russian oil contaminated with chlorine compounds.

Smart Energy Fund powered by Lietuvos Energija (Lithuanian Energy), and managed by Contrarian Ventures along with Honda, Japanese automobile manufacturer, and other partners invested in Moixa, UK-based company developing smart energy storage devices and virtual power plants technologies, informed representative of the Lietuvos energija.

The public consultation on Open Banking launched by the Bank of Lithuania drew considerable expert attention and provided constructive feedback. Therefore, the Bank of Lithuania is planning to invite market players for further discussion on specific Open Banking measures that would produce more smart financial services for businesses and citizens.