Articles by EN.DELFI

Last year, the rate of enterprise failure decreased by fivefold and credit ratings of companies remained fairly stable, however, businesses cut down short-term borrowings by 14 per cent and long-term – by 13 per cent. It seems that businesses are unsure about the future; meanwhile, the fundamental indicators show no reasons for worrying – the specialists of Creditinfo credit bureau arrived to this conclusion upon the analysis of the data from over 50 thousand enterprises operating in Lithuania and information on the initiated bankruptcy proceedings. […]

At a meeting of disables 'Just let me work'

Socially responsible business: growth opportunity or a rehabilitation centre for the disabled?

The Lithuanian Parliament (the Seimas) intends to oblige companies employing the disabled to allocate the significant part of their profits (as much as 75%) for the integration of the disabled. Representatives of the Association of Social Enterprises (the Association) state that reintegration is already underway, the proposal itself is not based on any calculations, and regulations on where and how companies should use the money they earn raise more questions than answers. […]

Historical breakthrough – there are no more obstacles to building a multifunctional complex in Vilnius

Residents of Vilnius and sports community of the country can mark today as a day to remember – the Council of Vilnius gave the green light to the concession agreement of the multifunctional complex in Šeškinė, and there are no more obstacles to signing it. Having signed the agreement, starting works of construction of the National Stadium and another 15 sports objects on Šeškinė hills will be possible in the nearest future. […]

The countries will have to prepare properly to the termination of time changing

With regard to public opinion polls and recommendations by doctors, as well as referring to the needs of the agricultural sector, the European Parliament’s Committee on Agriculture and Rural Development (AGRI) have agreed with the abolition of seasonal clock change. […]

Different faces of the queen of furniture: Why do Lithuanians dislike what Germans are fond of?

The furniture designers who design products for the markets of Western countries note that customer needs differ considerably: Lithuanian residents choose completely different soft furniture than, for example, Germans. The trend both in Western Europe and in Lithuania is clear: not a single, even the most minimalist, apartment can do without a sofa, which has become a real standard of a multifunctional item of furniture and got painted in bright colours. […]

A new co-working space UMA GO9 in downtown Vilnius will be filled with Nordic motifs of nature

On the top floor of a premium shopping center GO9 more than 2,000 square meters co-working space UMA GO9 will be opened this summer. Nordic aesthetics and functionality will be equipped with 230 different workstations: 36 private offices fitting 1 to 12 people teams, over 70 open-type workstations in a co-working open space, 6 modern meeting rooms, a common space with a coffee area and outdoor terraces for relaxation. […]

FinTech companies showed avid interest in the LBChain project

The LBChain project has garnered significant attention among European FinTech companies: with 21 registrations from countries such as Belgium, Poland, Lithuania, the Netherlands, Finland, Serbia and Sweden, no more than 6 applicants will be deemed eligible to move forward. […]

Bank of Lithuania to assist in investigation of alleged money laundering cases in Swedbank

The Bank of Lithuania will provide assistance to the Swedish and Estonian financial supervisory authorities in the investigation of recent information regarding alleged money laundering transactions linked with the Swedbank group. […]

Lithuanian TV and Radio commission reached a final verdict on “The Simpsons”

Having assessed the accomplished investigation and additional information, the Radio and Television Commission of Lithuania (hereinafter – the RTCL) decided not to apply sanctions on UAB All Media Lithuania regarding the information disseminated in the TV series “The Simpsons”. […]

Emigrants, worried about BREXIT, rush to return taxes from UK

There is still a lot of unanswered questions about Brexit situation after 29 March 2019. This is the official date of UK withdrawal from the European Union. While there is little time left, there is no clarity about the conditions. Emigrants and Lithuanians who have already came back to Lithuania have a lot of questions about tax refunds. […]

Lithuanians to be fist in Baltic states to cut metal as easy as butter

According to specialists, Lithuania has now become a country that boldly introduces innovations to its engineering industry’s market that are not yet available to manufacturers in neighbouring countries. The country’s most famous innovators have also been developing technologies in various fields from medicine to transport. […]

Kaziuko mugė: 416 years of history alive in the streets of Vilnius

February 20, 2019 EN.DELFI 0

It’s not with the first flowers, the returning of birds, or the warmer temperatures that spring starts in Vilnius – Kaziukas Fair (Kaziuko mugė) marks its beginning on 1-3 March. Filled with songs, crafts, and scrumptious food, the city’s oldest and largest fair is an experience to remember. Taking over the streets of the Old Town, the fair cherishes some of Vilnius’ ancient traditions while also embracing modern ones, making for an adventure that is both dynamic and unique. From culinary heritage and innovative food experiments, traditional performances and modern entertainment, to archaic crafts and contemporary design pieces – there’s so much to explore. […]

Vilnius Trade Unions Palace, a place for new National Concert Hall

Architects from all over the world invited to Vilnius to design National Concert Hall

February 20, 2019 EN.DELFI 0

An international architectural idea competition for the National Concert Hall has been launched. Architects from all over the world are invited to design one of the most important future spaces in the capital city of Lithuania and to submit their proposals to Vilnius City Municipality, Go Vilnius informed. […]

Flight number in January increases by 3.8%

In January 2019, the number of flights in the Lithuanian airspace handled by air traffic controllers made up 19 thousand, i.e. increased by 3.8 per cent, compared to the same period last year. Overflights accounted for three fourths (14.3 thousand) of the total flight number, and compared to the same period last year, their number increased by 3.4 per cent. […]

Fintech company Factris announces expansion and investment plans in Lithuania

Factris, the Amsterdam-based provider of factoring services has merged its operations with Lithuanian Fintech company Debifo. Factris intends to scale its development team and operations in Lithuania to accelerate the development of its factoring platform and execute on its ambition to become the Pan-European leader of working capital solutions for SMEs. […]

Lithuania still has room for improvement in terms of recycling

The fast growth of human consumption is the main cause of decreasing land resources and its pollution. Yet, our habits are not friendly to the environment. Quite often we do not consider recycling to be one of the fundamental activities which can help each and every one of us make a contribution to the environmental protection and reduction of pollution. […]

Processing of industrial hemp: an additional value of 100-300 m EUR for Lithuanian economy