Estonian-capital construction company Merko Statyba will build the new building of Kaunas County Chief Police Commissariat after winning the construction tender.

Investment in commercial RE in Lithuania is at record highs, however, the development of housing and other RE market segments is balanced. Interest rates on housing loans are gradually increasing – likely due to rising demand and reduced competition, while decisions to encourage house purchase in the regions can raise RE prices in areas deemed eligible for housing support. These and other important RE issues are discussed today in the Bank of Lithuania’s annual Real Estate Conference in Kaunas.

Lithuania switched to winter time on the last weekend of October marking the start of winter season for Lithuanian Airports. Thanks to joint efforts of Lithuanian Airports and air carriers, passengers planning holiday and business trips will now be offered eight new and strategically significant destinations, as well as additional weekly flights to already popular directions.

Lithuania's National Commission for Energy Control and Prices has on Friday approved new gas prices for households for 2019, proposed by Lietuvos Energijos Tiekimas, with the new tariffs set to come into force on Jan. 1.

Lithuania's Port of Klaipeda handled 38.02 mln tons of cargo in the first ten months of this year, up 8.3% from 35.12 mln tons during the same period last year.

Seeking to promote innovation in the financial sector, the Bank of Lithuania has initiated a public consultation to find out the opinion of current and future financial market participants and other stakeholders about the need and conditions for Open Banking in Lithuania.

Lithuanian farmers plan new protests in Brussels to demand higher direct payments from, the European Union. Farmers from Lithuania and another five EU member states plan to stage a protest in Brussels in December.

As the Lithuanian government plans to discuss this week steps to curtail electricity and natural gas price hikes, some experts say there are no good and fast measures for doing so, adding that the authorities are probably not very willing to take long-term ones ahead of next year's elections.

Poland has officially joined the European Union Permanent Structured Cooperation (PESCO) Cyber Rapid Response Teams Initiative launched by Lithuania.