The runway reconstruction planned for the summer of 2017 at Vilnius Airport will cost nearly €25m to the enterprise. Such an estimate was made taking into account the prices of the necessary technical work under the project and the expenditures of other European airports for such work. The estimated price will not be increased because the open procedure for stage 1 work the value of which totals nearly €1m is already over and the tendering procedures for stage 2 work have already been launched.

The recent referendum in which the British voted to withdraw from the European Union (EU) came as a shock not only to the whole bloc and Britain itself, but also to each country and company that does business in Britain – as it did to us, Knowledgeprice.com, an IT company based in Latvia.

President Dalia Grybauskaitė together with Israeli Ambassador Amir Maimon visited the site of massacre carried 75 years ago in Molėtai and held a minute’s silence in memory of the Holocaust victims. According to the Jewish tradition, the President laid a pebble at the mass gravesite as a token of remembrance.

A Lithuania Square is planned in the Ukrainian capital Kiev, in a 10-are territory in central part of the city in front of the St. Sophia Cathedral.

Japan's Hitachi, one of the world's biggest power plant construction and manufacturing corporations, has failed to stop the tender for a contractor of the construction of the Vilnius Japan's Hitachi, one of the world's biggest power plant construction and manufacturing corporations, has failed to stop the tender for a contractor of the construction of the Vilnius Cogeneration Power Plant.

Agricultural produce purchase prices in Lithuania declined by 6.9% in July year-on-year, Statistics Lithuania said on Thursday.

China has approved a list of 16 Lithuanian dairy processing companies allowed to export their products to the huge market, says Lithuania's Ambassador to China Ina Marciulionyte.

Sanatoriums in Lithuania are again hosting growing numbers of guests from Russia, with more clients coming from other important foreign markets, therefore, some of the sanatoriums expect a two-digit increase in 2016 revenue.

Gardeners in Lithuania feel being mistreated by the state, as their crops cannot compete with imported apples on legal terms.

Minijos Nafta, one of Lithuania's largest oil extraction companies, posted a loss of over 10 mln euros in 2015 due to a decline in global crude prices. The company is this year halting oil extraction in some of the deposits, reducing staff numbers and shortening the working week.