Vilnius
Economy

Dream housing for a Lithuanian – somewhere in a major city or tucked away in the nature’s lap

With unlimited financial possibilities at hand, more than half of Lithuanians would choose to live in a major city – young people are mostly fond of the spirit of an old town and lively city centre, while the older ones would opt for more remote neighbourhoods and suburban areas of major cities. Every sixth resident in Lithuania would choose to live in the nature’s lap, close to a river or lake. The above preferences were revealed by a representative survey carried out by Spinter Tyrimai on the initiative of Citadele bankas. […]

Freetime

Women celebrate March 11 with weapons in hand

The event 101 Shots for Lithuania was held for March 11 in a forest firing range. The original celebration of the Restoration of Lithuanian Independence was held for the third year now and is becoming a tradition. Ever more female representatives from culture, business and entertainment are daring to try their hand at practical combat shooting. […]

No Picture
Economy

Painful personal losses have not been avoided during two months of the pension reform

After start of the reform of pension accumulation at the beginning of January, a number of employees calculating their personal financial losses and regretting their decision is approaching to 100. According to the Lithuanian Association of Investment and Pension Funds (LIPFA), that number of participants in the 2nd pillar pension funds has tried to refuse returning to Sodra. […]

Economy

More women in shipping: the profession faces big changes

A couple of decades ago, to see a woman with a captain’s or technical uniform on a ferry for many people would have been an unusual view. And today we have more and more women at sea and on the shore as staff, captains or electricians. In support of International Women’s Day, leading ferry operator DFDS is celebrating the female members of its dedicated workforce. In an industry that historically employs more males than females, these women are proving that when it comes to a successful career in the maritime industry, gender simply doesn’t come into it. […]

Tomas Vytautas Raskevičius
Society

Lithuanian capital elects first openly gay politician to city council

Last weekend, the Lithuanian capital city of Vilnius elected the first openly gay politician to its city council. Human rights activist Tomas Vytautas Raskevičius has become the first proudly open gay person to be elected to the political office in Lithuania. The candidate was running on the list of the current liberal mayor Remigijus Šimašius, who has made headlines by stating that “Vilnius is LGBT-friendly city.” […]

No Picture
Economy

Snoras bankruptcy administrator claims first victory in 11-million-euro legal battle with Meinl Bank

Early this year the Vienna International Arbitral Centre adopted a decision by which a claim by the Austrian bank Meinl Bank AG against Bankas Snoras was dismissed. It thus recognized that a pledge agreement which Meinl and Snoras made in 2011 is to be deemed null and void under Austrian law. On the basis of that specific agreement, 11 million euros was appropriated from Bankas Snoras in September 2011. […]

No Picture
Economy

Taxify is now called Bolt

Taxify, the leading European on-demand transportation platform, is changing its name to Bolt and introducing a new logo. The update brings the brand identity in line with the company’s broader vision of transportation that has already expanded from ride-hailing, with cars and motorbikes, to scooter sharing. […]

No Picture
Culture

Fashion experts share insights about peculiarities of Lithuanian style

How do Lithuanians fit in world’s fashion contexts? Would one be able to recognise a Lithuanian in the street when judging merely from his style? Although it is quite difficult to define today’s Lithuanian identity in fashion, we are not ignorant about world’s fashion trends as we courageously get ideas and inspiration from Western countries, and we add the “made in Lithuania” phrase to the result, Expert at Newmood Fashion Institute Jūratė Stanslovaitytė claims. Young Lithuanian designers that observe shifting customer needs attentively support her opinion. […]

Economy

An Israeli startup company Is opening a software development branch in Vilnius

Another startup company is joining the ecosystem in Lithuania. Exai, a company that specializes in content management technology (CMT) and AI, has announced that it’s opening a software development branch in Vilnius. According to Exai’s CEO, the company is expanding internationally after applying for a grant of 3 million euros from the Lithuanian Ministry of Economy. With offices now in Israel, the U.S., Macedonia, and the Philippines, Exai is slowly growing to be a multinational growth company. […]

No Picture
Foreign affairs

Six steps by the cabinet in case of hard Brexit

In preparation for the potential withdrawal of the United Kingdom from the European Union without an agreement, the Lithuanian government has backed legislative changes, which would ensure undisturbed social guarantees for Lithuanian citizens, who worked in the UK so far, and British citizens, who reside in Lithuania, which would be as favourable to individuals as possible. […]

No Picture
Politics

In the last 2 years, number of MPs declaring their meetings with interest groups or lobbyists doubles

In the last 2 years, the number of Lithuanian MPs who declare with which interest groups or lobbyists they meet has doubled. Last year, parliamentarians also announced 1,5 times more meetings than in 2017. These figures are reported in research conducted by Transparency International Lithuania, which includes information from manosusitikimai.lt, official work calendars, and personal websites of the parliamentarians. […]

Ingrida Damulienė
Society

Survey: only one in every 11 Lithuanians ranks own health as excellent

Although in many areas Lithuania is showing progress and catching up with Western European countries, we are still one of the worst-looking countries in the European Union when it comes to public health. Population surveys also show that only a small number of Lithuanians enjoy an impeccable health. A public opinion poll conducted by Eurovaistinė, a pharmacy network, revealed that actually only one in every 11 Lithuanians ranks own health as good. Medical experts say that this is due to the lack of attention of the population to the disease prevention and healthy lifestyle. […]

No Picture
Society

Vilnius to celebrate March 11: march, tours and free public transport

On 11 March, Vilnius city dwellers and city guests will follow the Roads of Freedom in Vilnius. Everyone is invited to the march at which a 400 metre long Lithuania’s flag will be carried and to take free of charge tours around the Old Town. The tours will be given in a number of different languages by almost forty guides. Excellent news to everybody: public transport will take passengers to the festive events of 11 March free of charge as well, a press release from Vilnius city municipality states. […]

Economy

Specialists say shortage of quality offices in the Vilnius Old Town will only increase as FinTech startups discover Lithuania

With real estate developers recently taking note of people’s growing interest in settling closer to the center of Vilnius, specialists are talking about a parallel increase in pressure on the supply of offices in central locations in the capital city. But while in the first case there is no big imbalance so far between needs and opportunities, companies seeking quality modern workplaces in and around the capital’s Old Town often end up disappointed. […]