The CEO of Lietuvos Gelezinkeliai (Lithuanian Railways, or LG) says that Lietuvos Juru Laivininkyste's (Lithuanian Shipping Company, or LJL) bankruptcy is inevitable and that the shipping company's majority shareholder and SEB Bankas, its biggest creditor, have agreed to provide 1.2 million euros to ensure that the ships and their crews can safely return to European ports.

What is the real impact of transport on Lithuanian economy: 86, 205 or 869 million euros? The role of aviation sector in the context of national economy is underestimated. Often only the assessment of direct impact is taken into account. Namely, the added value and jobs generated by airports, airlines and companies operating in airports is estimated. However, in the economy two plus two seldom equals four. Thus, straightforward 'accounting' often leads to misguided results.

Danish-owned, Klaipeda-based ferry operator DFDS Seaways saw its revenues from operations in the Baltic Sea region shrink by approximately 3% in the first nine months of 2015 from the same period last year, to 129.4 million euros.

China Merchants Group (CMG) signed in Beijing on Thursday agreements with the Klaipeda Free Economic Zone (FEZ) and the Klaipeda port authority as part of its plans to expand in the Lithuanian seaport.

Lithuania's electronic communications market revenues grew by 4.5% in the third quarter from a year ago to reach 158.3 million euros, preliminary data from the Communications Regulatory Authority (RRT) showed on Wednesday.

According to the provisional data of Statistics Lithuania, in III quarter 2015, accommodation establishments accommodated by 7.3% more guests than in the same quarter of 2014 and received 894.6 thousand tourists.

A total of 3.614 million passengers went through Lithuanian airports in the ten months through October 2015, a rise of 10.8% year-on-year, figures from Statistics Lithuania showed on Friday.

Hanner, a leading Lithuanian property development group with operations in Lithuania, Ukraine, Russia, Latvia and Romania, plans to spin its cash flow generating projects off into a new company named Hanner RE in an effort to streamline its business.

Holders of Snoras' certificates of deposit (CDs) will recover their money, but bonds issued by the now-bankrupt Lithuanian bank are not covered by the deposit insurance system, the Lithuanian Supreme Court ruled on November 17th.

More than one in four children in Europe are at risk of poverty and social exclusion, which will have repercussions for them throughout life. On Monday 23 November MEPs debate a report urging EU countries to boost their efforts to combat child poverty and social inequalities. They will then vote on the report the following day. Check out our map for the latest statistics on child poverty.