Vilnius Old Town
Society

Vilnius through the eyes of its residents

This July, Go Vilnius, the city’s official development agency, published Vilnius O’Clock, a magazine that tells the story of contemporary Vilnius through the eyes of its residents. It’s made up of 18 feature interviews with residents ranging from entrepreneurs and artists, to journalists and public figures, a press release from the agency states. […]

LIGHT

Lithuanian nutrition expert: if you want to lose weight, you still can eat bread

According to the nutrition expert Vaida Kurpienė, tasty, well-balanced and high-quality bread goes perfectly with a healthy diet. Contradicting the deep-rooted stereotypes, nutrition expert claims that not only can properly chosen bread enrich your diet but also it does not contradict the aim of losing weight. With that in mind, what is the right type of bread one should choose in order to keep in shape? […]

Virginijus Sinkevičius
Foreign affairs

Virginijus Sinkevičius: ‘Lithuania and Ukraine need to more actively cooperate in the field of technology’

According to Minister of Economy Virginijus Sinkevičius, chairing the 18th meeting of the Lithuanian-Ukrainian Intergovernmental Commission on Trade, Economic, Scientific and Technical Cooperation (hereinafter referred to as the “ICC’) in Lviv (Ukraine), despite growing economic cooperation between the two countries it is necessary to seek for new partnership possibilities and ways, a press release from the Ministry of Economy states. […]

Nordea headquarters
Economy

Instead of a bank’s headquarters – coworking space, restaurant and clothing store

Located in the heart of Vilnius Old Town, Nordea’s headquarters becomes a multifunctional commercial centre – real estate management and consulting company “Solid Real Advisors” leased one of the most impressive buildings in the Town Hall Square for fully serviced offices and coworking space operator “Workland”, restaurant “Queensberry” and fashion store. On the first floor of the building restaurant and fashion store will open their doors at the end of this summer, a press release from Solid Real Advisors states. […]

Vilius Šapoka
Economy

Vilius Šapoka, the Minister of Finance: the capital markets union is beneficial for all countries of the European Union

Today 8 countries of the EU have expressed united position on creation of the single capital markets union. It will contribute to sustainable growth of economics, stability of the financial system and diversity of sources for funding of business within the EU. The statement has been signed by the ministers of Demark, Estonia, Finland, Ireland, Latvia, Lithuania, Sweden and the Kingdom of the Netherlands, a press release from the Lithuanian Ministry of Finance states. […]

No Picture
Society

Kaunas Public Transport launches ‘Voice’ app

At the start of 2017, the Kaunas city public transport bus company launched the ‘KVT Voice’ app (Kaunas Public Transport ‘Voice’) for blind and visually impaired persons. The development of the app, from conception stage through various design and development phases to full implementation, has taken less than a year, an Efcom.lt press release states. […]

No Picture
Politics

Politicians‘ fear rather than low technological capacity prevents Lithuania from having electronic voting

“Blockchain movement is not solely a technology, it changes Lithuania‘s economics,” claimed economics and finance analyst Paulius Kunčinas at the conference “The Pillar Unconference 2018“, the biggest blockchain conference in Lithuania’s history, taking place on 16-22 July. In a panel discussion about the future of Lithuania and blockchain, experts asserted that blockchain movement might at least partly solve brain drain issue. Additionally, they claimed that Lithuania does not have electronic voting system due to politicians‘ fear rather than lack of technology, a press release from the conference states. […]

No Picture
Economy

TransferGo receives electronic money license from the Bank of Lithuania

The Bank of Lithuania has provided an electronic money license to the international money transfer startup TranferGo. This license opens up new development opportunities and makes it possible for the company to further simplify and speed up international money transfers, as well as to offer electronic money storage, real-time transfers and other financial services throughout the European Union, a press release from the startup states. […]

Economy

Fourth industrial revolution in Lithuania is a goldmine for business consultants

Lithuanian companies are increasingly looking for consultations to help them understand the prevailing trends and prepare for the changes brought about by all-pervasive technologies. Almost 700 enterprises have already made use of a national compensation scheme for such consulting expenditures, a press release from Invega states. […]

No Picture
Economy

The biggest blockchain conference in Lithuania’s history starts this week

Hundreds of entrepreneurs, business leaders, and cryptocurrency pioneers will arrive at the The Pillar Unconference 2018, the biggest blockchain conference in Lithuania’s history. The conference guests will cover such topics as ICO perspectives, blockchain security, legal regulation, usage, and expansion possibilities, data security, and many others, a press release from the conference organisers states. […]

Robotics Competition Centre at MINTIS Gymnasium
Society

The City of Panevėžys sets up Robotics Competition Centre

“The establishment of the new centre will provide more possibilities for the pupils from the region to acquire the basic knowledge about robotics, to take part in competitions, to develop the skills of creativity, logical thinking, team work, engineering competences, to organise and participate in regional, national and international world standard competitions,” – says the Deputy Mayor Aleksas Varna in a press release from the city municipality. […]

Global LT

Experience of a Lithuanian working in Silicon Valley: what actually happens in the cradle of innovation?

Many people all over the world believe that working in a company based in Silicon Valley is the dream of a lifetime. Giedrė Pociūtė, referring to herself as a citizen of the world, not only dreams the dream but also purposefully pursues her goals. This graduate of Vilnius University Business School leads her life as if no boundaries or rules exist and now openly shares her not-so-easy daily life in the world’s cradle of information technologies, a press release from the business school states. […]

LIGHT

Customers are satisfying their hunger for English books

Interest in books is on the rise, according to sales figures from Lithuanian retail chain “Maxima”. Customers purchased more than 1.2 million books in 2017, and the most intense demand for books in recent years was recorded in the first half of this year. The main reason for this trend is that books written or translated into English are immediately selling out, a press release from the retail chain states. […]

Economy

Lithuania sells grain directly to Saudi Arabia for the first time in history

On July 16, Saudi Arabia‘s state grain buyer, the Saudi Grains Organization (SAGO) bought 115 thousand tons of Lithuanian wheat through an international tender from the Lithuanian grain trade company Agrorodeo. The Lithuanian capital company Agrorodeo is the first in the Baltic States to directly sell grain to Saudi Arabia through an international tender, a press release from the company states. […]

Stichijos Festival in Kupiškis. Photos Gintarė Baseckaitė
Freetime

Kupiškis’ lagoon shaken by the centenary event “Stichijos”

Stichijos” (“Elements”) is a creativity and arts festival that does not have an equivalent in the entire Lithuania, and is aimed at promoting the name of the city of Kupiškis. On July 7th, the third iteration of the “Stichijos” event arrived to the Kupiškis lagoon with a resonating name “Mother-in-law’s Tongue”. The event was dedicated to celebrating the centenary of Lithuania’s independence, and the four elements – fire, water, earth and air – that reflected the specific periods of the country’s history, including their spirit, fashion, music, and creative activities Kupiškis Culture Centre wrote in a press release. […]

Totorių Street renovations
Society

Totorių Street is being renovated in the Capital

Works of restoration of the section of Totorių Street from Gediminas Avenue to Labdarių Street were started in the Old Town of the capital. In a couple of months, new asphalt pavement will be built, also replacing about 2000 sidewalk tiles and road curbs. The City allocated about 70 thousand euro for the repair of Totorių Street. The Totorių Street has not undergone any major renovation since the stone pavement was replaced with asphalt on the street, a Vilnius city municipality press release states. […]

Automatically lifting barrier gates in Gediminas Ave
Society

Automatically lifting barrier gates – in the Gediminas Avenue

The works of installation of new modern automatically lifting barrier gates were started in Gediminas Avenue. The City has arranged for the installation of new stainless steel hydraulically lifted and lowered barrier gates by the end of the summer. This modern system, which cost about 50 000 euro, was brought to the capital from Great Britain. Traffic is restricted in a part of the avenue in the evenings of working days and on weekends, giving way to pedestrians and cyclists, city sightseeing tours and active recreation, a Vilnius city municipality press release states. […]

No Picture
Economy

Building houses with the help of smart phones – an innovation tested in Lithuania

It is hard to imagine our lives today without smart phones, but soon they might become indispensable at construction sites as well. When developing real estate projects, construction and sustainable real estate development company “YIT Kausta” is the first in Lithuania to start using an application of digital construction for smart devices, which was created by the Danish company “Dalux”. This application allows expanding, transferring to mobile devices and supplementing the Building Information Modelling (BIM) system that is already applied in construction. This way, the system can be applied in a flexible and broader way, a press release from YIT Kausta states. […]