The Lithuanian gas market Get Baltic, which is launching operations in Latvia and Estonia in July, projects growth, however, not only due to larger market but also due to the gas price discount applied by Gazprom three years ago and due to expire in mid-2017.

Now is a good time for the European Bank for Reconstruction and Development (EBRD) to withdraw from the management of Lithuania's Siauliu Bankas.

Lithuania's power transmission system operator Litgrid has earmarked 18.156 mln euros for dividend or 3.6 cents per share after netting 16.828 mln euros in profit last year.

Swedbank, one of Lithuania's largest banks, said on Tuesday that its first-quarter net profit jumped by 33% to 29 mln euros, from 22 mln euros a year earlier.

Growing inequality in income and opportunities is an issue that is especially relevant to us as well. While we are reasonably excited at the economy’s recovery and growth, the gap between the richest households and those with the lowest income continues to be unjustifiably large; hence, people’s feelings about economic growth vary, and not everyone’s quality of life has been improving.

Lithuanian-owned charter carrier Small Planet Airlines posted 223.1 mln euros in revenue in 2016, up by 22.6% y-o-y, however, ended the year with a loss of 3.8 mln euros after netting a profit of 19.2 million euros in 2015.

A total of 1.064 mln passengers went through Lithuania's airports in the first quarter if this year, a rise of 16.4% on the same time last year, Statistics Lithuania said.

Lietuvos Gelezinkeliai (Lithuanian Railways) has signed an agreement with OTLK, a company set up by Russian, Kazakh and Belarusian railway administrations, that will open the way for freight from China to reach Western Europe via Sestokai, a transshipment hub at the Lithuanian-Polish border.

The LitPol Link power interconnection between Lithuania and Poland will be available for use for electricity trade between Lithuania and Sweden starting from July.

Simplex, an Israeli financial technology (fintech) and cybersecurity start-up, has chosen Lithuania ahead of the likes of Luxembourg, Cyprus and the UK as the location for its new global supervision and sales team.