The first hotel of the Marriott chain will open in Lithuania in April 2018, real estate developer Hanner, which has invested 20 million euros in the construction, has confirmed.

The advertisement market in Lithuania widened by 3.8% to 111.2 million euros in 2017 year-on-year, Kantar TNS research company said in its annual research of the advertisement market on March 28th.

Lithuanian banks and foreign bank branches in 2017 posted 239.669 million euros in combined net profits, down 4.6% from 251.236 million euros in 2016, the central Bank of Lithuania said on Tuesday.

Novaturas, one of Lithuania's biggest tour operators, posted 15.7 million euros in revenue in the first two months of 2018, up by 50% from January-February last year.

Statistics Lithuania informs that in February 2018, based on provisional data, industrial production totalled EUR 1.6 billion at current prices and, compared to January, seasonally and calendar adjusted, decreased by 3.9% at constant prices (unadjusted – by 7.1%).

Germany-based vacation rental search engine HomeToGo is expanding its operations in Lithuania, the business daily Verslo Zinios reported on March 22nd.

The Lithuanian seaport of Klaipeda handled 7.251 million tons of cargo in January through February 2018, up by 407,900 tons, or 6%, from 6.843 million tons a year ago, the port's authority said.

Riga trailed Tallinn and Vilnius by construction of new industrial and warehouse property in 2017, Eriks Bergmanis, a partner at Colliers International real estate consultancy, said at the presentation of the latest Baltic real estate market overview.

Lithuania's gas importer Litgas in March 2018 sold a part of its liquefied natural gas (LNG) cargo in Britain as the UK's limited gas supply caused a spike in prices, the Lrt.lt website reported.

The central Bank of Lithuania has improved the outlook for the country's economic development in light of positive changes in the international climate and the recovering investment.