Lithuanian-owned charter carrier Small Planet Airlines is set to expand its aircraft fleet and plans to hire another 80 pilots by the summer, mostly for work in Poland, Germany, Britain and France.

Promwad, an innovative technology developer and a pioneer of the Internet of Things in the CEE region, has announced that it is opening an office in the Lithuanian capital, Vilnius. The Belarussian independent electronics design house, which also manufacturers electronic devices and develops software for the likes of Fujitsu, Marvell and Texas Instruments, plans to use its Vilnius office to provide services to its clients in the EU.

Construction on a 20-million-euro worth Marriott hotel in Palanga – the first hotel of the Marriott chain in the Baltic countries – should be launched in 2017 and finalized in the second half of 2018.

Lithuania's state-owned energy holding company Lietuvos Energija (Lithuanian Energy), which controls the natural gas import and supply companies Litgas and Lietuvos Duju Tiekimas (Lithuanian Gas Supply), will participate in the prequalification procedure for Gazprom's natural gas auction for the Baltic countries and will decide if to take part in the auction when it knows what the minimum price is.

One-off factors and continued quantitative easing in the euro area ate into the profit of Lithuania's banking sector in 2015.

A total of 3,404 new cars were registered in Lithuania during the first two months of 2016, a rise of 19% from 2,856 a year earlier, Autotyrimai said on Tuesday, based on data from the state car registration company Regitra.

Credit unions operating in Lithuania closed the year 2015 with a net loss of 614,660 euros, versus a net profit of 621,900 euros in 2014, due to a 2.315-million-euro loss in the fourth quarter, the Bank of Lithuania said on February 26th.

Two or three global gas suppliers are showing interest in the Klaipeda liquefied natural gas (LNG) terminal, the chief executive officer of Klaipedos Nafta (Klaipeda Oil), the facility's operator, said on February 26th.

Lithuania's liquefied natural gas (LNG) and oil product terminals operator Klaipedos Nafta (Klaipeda Oil) reported on Friday a net profit of 22.036 million euros for the full year 2015, more than a two-fold increase from 9.257 million euros in 2014.

Small Planet Group has announced financial results for the year 2015. The company carried 1.8 million passengers – 40% more than in the previous year – and saw its revenues growth 27%. Meanwhile full year profit for a second year in a row grew double. Profits now are being reinvested into cabin interior and other growth projects.