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CORPORATE

Lithuanians prefer domestic resorts for holidays

This year, nearly 60% of Lithuanians are planning to spend their holidays in Lithuanian resorts and towns, while a fifth will travel to southern Europe, Future of Holidays consumer habits survey shows. The study showed […]

Bankai
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Lithuanian banks safe from ‘Italian problems’

While Italian banks holding €360 billion of bad loans may soon become a problem for the eurozone, financial institutions in Lithuania are not as exposed to bad loans, representatives of the biggest banks in Lithuania […]

CORPORATE

Vilnius to build 10 new public squares

This year, the Lithuanian capital city’s municipality plans to rework 10 public spaces in Fabijoniškės, Lazdynai, Antakalnis, Šeškinė, Karoliniškės, Pilaitė, Naujamiestis, Naujoji Vilnia, Pašilaičiai and Naujininkai. The ten projects that are to be launched later […]

Bucharest
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Lithuania’s Hanner plans €40m development in Romania

Lithuanian developer Hanner has acquired a piece of land in the Romanian capital, Bucharest, where the company plans to build offices and apartments worth €40 million, the company has said. Hanner acquired the former Grivita […]

Internet search engines
CORPORATE

Lithuanian IT company gets $20 million investment

Lithuanian company NFQ Technologies, which has created a unique meta search engine which is said to be more effective than Google, has received a $20 million venture capital investment. US private equity and venture capital […]