Innovations
Economy

Innovation development is impeded by sluggish cooperation between science and business

This May, the annual analysis of Lithuanian innovation development prepared by the Agency for Science, Innovation and Technology (MITA) showed the necessity of changes in the innovation ecosystem. According to the analysis, without taking more decisive actions a number of country indicators, projected for 2020, may not be met, a press release from Kaunas Science and Technology Park states. […]

No Picture
Economy

After beating the drought, the Lithuanian carrot and onion harvest has reached the store shelves

Despite the hot and dry summer that made growing carrots and onions more difficult, fresh Lithuanian vegetables have already reached the store shelves. According to the data from Maxima’s market researchers, Lithuanian onions were available in supermarkets a week earlier than last year, and carrots just a week later. Retailers have noticed that buyers are especially fond of fresh vegetables grown in Lithuania, which they buy plentifully as soon as they arrive on the shelves. According to data from the largest national trading network, the demand for Lithuanian carrots and onions has grown by one third in the past year, a press release from the Maxima retail chain states. […]

IKEA project in Riga
Economy

The first IKEA store in Latvia opens on 30 August

IKEA, the Swedish home furnishing retailer, will open the first store in Latvia on 30 August. The store is located on the very edge of Riga (Biķeru Street 2, Dreiliņi, Stopiņu Municipality). It will be the biggest IKEA store in the Baltics. Total size: 34.5 thousand square metres and offering visitors more than 8000 different Swedish design home furnishing items at a price affordable for the many, a press release from the company states. […]

OECD
Economy

OECD review on corporate governance in Lithuania: praise and recommendations

The Organisation for Economic Cooperation and Development (OECD) has published a review of corporate governance in Lithuania, in which Lithuania’s capacities, reform efforts and willingness to adopt the OECD standards and principles have been positively assessed. In the review, the OECD also made recommendations on how Lithuania could continue to improve this area in the future, a press release from the Ministry of Economy states. […]

Emilis Vėlyvis
Society

Pre-trial probe launched in Lithuania following actors’ church show

A pre-trial investigation has been launched in Lithuania after three actors, dressed like priests and promoting Zero Live Show, a movie, music and black comedy show, on Wednesday invited parishioners to this show ahead of a service at a church in Turgeliai, Šalčininkai District. […]

Saulius Skvernelis, Gitanas Nausėda and Visvaldas Matijošaitis
CORPORATE

Presidential elections: the three main candidates have reasons to stay silent

With less than a year to go to the presidential elections, individuals, who have yet to declare their intent to become the head of state remain the most popular candidates. Political scientists and sociologists state […]

No Picture
Economy

Brewers are happy about the hot summer and notice the new trends

Extremely hot summer and shorter sales time of alcohol in shops are changing Lithuanian consumers’ habits. So far, most people, who were buying alcoholic beverages in supermarkets are turning to bars and cafes. The owners of the bars are counting up to one third of the increased sales due to the changed trend, while the brewers say that sales of such beverages as non-alcoholic beer or soft drinks are also rising, a press release from Carlsberg states. […]

No Picture
Society

The development of the residential housing project “Matau Vilnių” near the Tauras Hill has begun

At the Aludarių street, in the territory of the former brewery “Tauras”, construction works of residential housing “Matau Vilnių” (Eng. Vilnius is in my sight) have started. During the first stage of construction, the development of three buildings “Pilies”, “Upės” and “Tilto” is planned. The first stage will comprise a total of 92 apartments, with a panoramic view of the historical and modern city centre. The sustainable real estate development company “YIT Kausta” will undertake the construction of the project in a location of the capital that is rich with history, a press release from the company states. […]

No Picture
Society

Online social networking dangers: what are they and how to protect yourself against them

Nowadays, social media is one of the main tools for communication, and a way to obtain and share information. Naturally, the youth are among the most active users: most of them have their profiles on various social networks and social media is an integral part of their everyday life; thus, the youth (14-29 yrs) is the most affected group by the dangers of social networking: disguised advertising, propaganda, fake news, and information creating a distorted perception of reality just to mention a few, a press release from VGTU states. […]