Smart Energy Fund powered by Lietuvos Energija, managed by Contrarian Ventures is investing in French and US start-up Sterblue which develops software for non-pilot aircraft (drones) allowing inspecting power lines and wind turbines without human intervention.

HCL Technologies, a multinational technology company which has been working with British bank Barclays for past four years, plans to expand its operations in the Nordic and other European countries, Rahul Singh, president of financial services sales at HCL Technologies, says after Barclays announced its plans on Tuesday to close its operation center in Vilnius and move 460 jobs to HCL Technologies.

The Lithuanian government approved on Wednesday an improved draft budget for 2019, allocating additional funds for municipal budgets and educators' salaries.

The Nordic Investment Bank (NIB) and Lidl Lietuva have signed a ten-year, 50-million-euro loan agreement to finance the German-owned grocery chain's expansion in Lithuania in 2017–2019.

Eften Real Estate Fund IV, the closed-end real estate fund investing in commercial properties, acquired the RYO shopping center in Panevezys, Lithuania, for 47 mln euros.

Statistics Lithuania informs that based on more comprehensive business, tax and price statistics, in III quarter 2018, country’s gross domestic product (GDP) at current prices amounted to EUR 12.0 bn. Compared to II quarter 2018, the real GDP change1 was negative and stood at -0.3%, while compared to the respective quarter 2017, GDP increased by 2.9%. Seasonally and calendar unadjusted, GDP growth stood at 8.1 and 2.4% respectively.

Lithuania's Energy Ministry is looking for experts to carry out a feasibility study for the installation of wind farms in the Baltic Sea as the country wants to operate wind farms with a total capacity of 200-3,350 MW in the sea in the future.

Lithuania's Civil Aviation Administration (CAA) said on Wednesday it had suspended the air operating license of the financially-troubled charter carrier Small Planet Airlines.

The value of investment into commercial real estate stood at 330 million euros in Lithuania in the first eleven months of this year, and it was the highest amount on record, figures from real estate company Ober-Haus show.

Lithuania's financially-troubled leisure carrier Small Planet Airlines expects that a new investor will help get its financial situation under control.