Orlen's chief economist says that modernization may help increase the competitiveness of the Polish group's crude refineries, noting that new technologies and process digitalization is a must as refining margins will go down sooner or later.

Ireland's low-fare airline Ryanair is set to launch flights between Lithuania's second-biggest city of Kaunas and Girona, a city in Spain's northeastern Catalonia region, next March.

Kauno Grudai (Kaunas Grain), one of Lithuania's largest grain processors, is investing in a new instant noodle production facility in Alytus, in the southern part of the country, because of orders from the global food industry giant Unilever.

On November 8-9 a group of arms control inspectors of the Russian Federation carried out a verification visit to an area of choice in Lithuania according to the Vienna Document 2011 of the Organisation for Security and Cooperation in Europe.

Finland’s business community and politicians have demonstrated strong interest in Rail Baltica European-gauge railroad project, was told at RB Rail, the joint venture established by the three Baltic states to oversee the project’s implementation.

The Lithuanian Culture Ministry launched on Thursday a new search to fill the post of director general at the Lithuanian National Opera and Ballet Theater (LNOBT), informs.

Tallinn was ranked 76th in the 2017 Smart City Index released by the smart parking app EasyPark, next after Riga and one notch higher than Moscow. Vilnius ranked 73rd.

German automotive component giant Continental committed itself to investing 95 million euros in a new factory in Lithuania and the government pledged to assist the company and issue all the necessary permits in a timely manner under an agreement signed in Vilnius on November 8th.

Lithuania's automotive parts manufacturer Jubana has secured a contract to sell its products to Kramp, a leading European supplier of spare parts for the agricultural industry.

Prominent Ukrainian businessman and politician Oleg Radkovski and Ukraine's company Yugstroi Invest should pay 5.91 million US dollars (EUR 5.03 mln) in loan including interest to Trust Capital, a Lithuanian company linked with the real estate development company Hanner, a Vilnius court ruled on Oct. 20.