Aušrinė Armonaitė
Politics

Smaller Seimas would easier succumb to control by large agribusinesses – MP Armonaitė

Aušrinė Armonaitė, Member of the Seimas, claims that the initiative of the Government to reduce the number of Members of the Seimas to 121 is a cheap trick in the presidential election campaign of the Lithuanian Farmers and Greens Union that shakes the very foundations of parliamentarianism and might strengthen the position of groups of influence in the Seimas. […]

Kaunas Free Economic Zone
Economy

Kaunas FEZ launches an innovative service: forklift sharing point

At the beginning of March, innovative forklift-sharing service will be launched in the territory of Kaunas Free Economic Zone. Alwark company, which has been providing loading and warehousing services as well as sales and rent of equipment in the Baltic countries has decided to establish a forklift sharing point where companies operating in Kaunas Free Economic Zone will be able to rent a forklift without any middlemen. […]

Astravyets NPP
Energy

Lithuania now has substantial legal arguments to deny access for electricity produced in the unsafe Astravyets Plant

On 7 February 2019, the Meeting of the Parties to the Convention on Environmental Impact Assessment in a Transboundary Context (Espoo Convention) in Geneva definitively concluded that during the construction of the Astravyets Nuclear Power Plant (NPP) in the vicinity of the Lithuanian border and Vilnius, Lithuania’s capital city, Belarus had infringed three articles of the Convention thus failing to justify the selection of the construction site and consult with the countries that are most likely to be affected. […]

Vytautas Bakas
Defence

Vytautas Bakas: ‘We need to be more receptive to the needs of servicemen’

The Committee on National Security and Defence of the Seimas of the Republic of Lithuania held a meeting to hear the presentation on the most recent studies by the Military Academy of Lithuania into the attitudes of Lithuania’s population, young people and soldiers towards military service as well as into the motivation of professional military soldiers and conscripts called up to initial mandatory military service. […]

Laptop
Economy

Internet entrepreneurs misleading the authorities

The State Tax Inspectorate (hereinafter referred to as the STI) hereby informs that the operational analysis of Lithuanian residents who trade in online marketplaces and offer services on sharing economy platforms, which has been carried out by the Bussines in Electronic Area and By Electronic Means Control Division, revealed more than 1.5 million of undeclared income. It is an interesting fact that some people who use electronic means for business purposes not only “forget” the income they have received, but also try to hide their mistakes from the tax administrator in the most unusual ways, for example, by editing or completely deleting parts of publicly available information. […]

Rail Baltica
Economy

Rail Baltica developing efficient and sustainable energy supply system

The joint venture of the three Baltic states RB Rail AS has commenced the Study for the Development of the Rail Baltica Energy Subsystem Procurement and Deployment Strategy. The contract for the delivery of the Study was signed in January 2019 with the Consortium INECO – ARDANUY, consisting of Ingenería y Economía del Transporte S.M.E. M.P., S.A (INECO) and ARDANUY Ingenería, S.A (ARDANUY). Both Consortium partners have proven experience in the railway sector and specifically in energy subsystem. […]

Brexit
Economy

Survey: approaching Brexit is not discouraging Lithuanian exporters

A customer satisfaction survey conducted by Enterprise Lithuania shows that the United Kingdom is one of the most attractive foreign markets despite the approaching Brexit. Every tenth Lithuanian exporter is planning to start exporting to the United Kingdom this or next year. […]

Robots
Economy

Swiss Mikron Group set to produce automation modules in Lithuania

Switzerland-headquartered Mikron Automation has announced opening a production facility in the area of Kaunas, Lithuania. The facility will initially produce modules for automation solutions, mainly for customers in the automotive industry. In the following several years, Mikron will build a team of up to 50 specialists, including mechanical technicians, mechanical and control engineers, electricians, and supply chain managers. […]

Winter
Economy

Austrians’ advice to Lithuania: don’t’ turn a town into a village and vice versa

Flying taxi “skyport”, the Hyperloop or maglev trains – perhaps these inventions will change Lithuanian landscape and infrastructure over the coming decades. Foreign professionals warn that the way we turn into will depend not only on the experts’ insights, but also on public opinion and suggestions. The preparation of the first stage – the real situation – of the Comprehensive Plan of the Territory of the Republic of Lithuania has been completed. Considering the presented conclusions, the Ministry of Environment together with the team of experts will prepare the Comprehensive Plan of the territory of the country and will draw a new long-term vision of the country. […]

Finish flag
Economy

Finland’s Supermetrics to set up office in Vilnius

Founded in Helsinki in 2013, Supermetrics is a rapidly growing marketing technology company and a leader in its category. It pulls data from various marketing platforms into one single location, making it easy for marketers to report, monitor and analyze the performance of their marketing campaigns. The company is set to open its first office outside Finland this month in Vilnius, with plans to hire between 50-100 people in the next three years. Job ads can be accessed on the Work in Lithuania platform, Invest Lithuania informed in a press release. […]

Happy Lithuanians
Society

Lithuanian residents are happier

A survey of the emotional climate in Lithuania has shown that residents of the country feel much happier. As many as 70 per cent of residents of Lithuania consider themselves happy. The findings of the monitoring of the emotional condition of Lithuania that has been carried out since 2008 by the Human Study Centre show an overall improvement of the emotional climate in Lithuania. […]

FinTech
Economy

Lithuania’s Fintech sector grows 45% in 2018

2018 was another hugely successful year for Fintech in Lithuania and saw the country cement its status as one of Europe’s leading Fintech hubs. The sector expanded by 45% and saw big names in the industry like Revolut and Google receive licences from the Bank of Lithuania. […]