Revenue of the State Social Insurance Fund Board (SoDra) has continued to grow consistently since January 2014. Meanwhile, expenditure remained similar as last year, but deficit was substantially lower.

Ryanair, Europe's favourite low fares airline, today Ryanair, Europe's favourite low fares airline, today (18 Aug) launched a new payment partnership with PayPal, providing customers, business travellers, travel agents and corporate travel departments with even more ways to book and pay for the lowest fares on the Ryanair.com website.

Prior to the embargo of import of agricultural production introduced by the Russian Federation on 6 August, sales of Lithuania-based dairy company Zemaitijos Pienas to Russian market constituted about 18% of all sales of the company.

In July 2014, the external assets of the Bank of Lithuania increased by LTL 338.9 million (EUR 98.2 million), while the external liabilities decreased by LTL 100 million (EUR 29 million).

On the highway Vilnius-Kaunas, nearby Kaunas Airport, Lithuania Post has started construction of the new logistics centre. The logistics centre will be used by Lithuania Post and its subsidiary company Baltic Post.

After Russia has imposed an embargo on the Lithuanian production, not only subsidies for food products but also a reduced rate of value-added tax (VAT) of 5% for vegetable and meat producers are under discussion.

The association of Bank Snoras depositors and creditors addressed in writing the bankruptcy administrator of the bank demanding information whether he intends to pursue claims against audit company Ernst & Young Baltic.

Wizz Air, the largest low-cost airline in Central and Eastern Europe, on August 9th announced further expansion of its low fare route network in Lithuania, Wizz Air informs.

Statistics Lithuania informs that at the beginning of 2014, the estimated population of Lithuania amounted to 2943.5 thousand, i.e. by 28.4 thousand (1%) less than at the beginning of 2013. In 2005-2013, the population declined by 411.7 thousand, or 12.3%.

Last week's hot weather and intensive repairs of electricity networks reduced electricity supply but the demand continued to grow, thus electricity price increased. The average electricity price in Nord Pool Spot power market Lithuanian trading zone was LTL 0.215 (EUR 0.062) per kilowatt hour.