Articles by Lithuania Tribune

Vilnius Tech Park
Economy

Global incubator 1776 selects Vilnius Tech Park to host Challenge Cup startup competition

August 4, 2017 Lithuania Tribune 0

Global Network for Innovation 1776 and Lithuania’s biggest ICT hub Vilnius Tech Park today announced they will join forces on 22 September in Vilnius to organise a local round of Challenge Cup 2017, an annual global competition around the world to identify the most promising startups that solve the world’s biggest challenges. This year Vilnius is one of 75 cities, where the competition is taking place, including Dublin, Athens, Dubai, Osaka. […]

euro
Economy

Strong growth continues: GDP up by 3.9% in Q2

July 31, 2017 Lithuania Tribune 0

The Lithuanian government and the businesses can relax for now and enjoy their summer vacation – the Lithuanian economy continues growing at an accelerated pace . The Lithuanian GDP increased by 3.9% in Q2 of this year, compared to the same period a year ago. Meanwhile, in quarterly terms, the seasonally adjusted GDP increased by 0.6%. The annual growth for Q1 was revised up by 0.2 pp to 4.1%, Swedbank announced. […]

Alcoholic beverages
Economy

Alcohol sales down in Lithuania but too early for conclusions on consumption

July 31, 2017 Lithuania Tribune 0

Excise duty results published by the Lithuanian State Tax Inspectorate signal a decline in alcohol sales and possibly consumption, however, experts say that the information is insufficient for credible conclusions, as they do not cover the impact of illicit alcohol and alcohol purchased abroad. […]

Ministry of Foreign Affairs
European Union

Foreign Ministry has no data on injuries of Lithuanians in quake in Greece, Turkey

July 21, 2017 Lithuania Tribune 0

Lithuania’s Foreign Ministry has no data about injuries of Lithuanian citizens during the earthquake close to the Greek islands of Dodecanese. […]

Deivydas Praspaliauskas
Freetime

Chef Praspaliauskas has opened new restaurant

July 18, 2017 Lithuania Tribune 0

Renowned chef Deivydas Praspaliauskas has opened new restaurant in the old town of Vilnius. The restaurant has small, cozy vinery type ground floor with solid wine list and a la carte menu. Moreover, in the evenings beautiful and wide basement part opens. A degustation menu, crafted by the restaurant chef is served in the basement part of the restaurant. […]

Handshake
Economy

Study shows Lithuanians believe to be most business-savvy among Balts

July 14, 2017 Lithuania Tribune 0

Lithuanians believe that the most important thing for the start of the business is having enough savings and a great business idea (76 percent), while Latvians view know-how as the most important (73 percent) and Estonians think that the most important thing is an idea and know-how (79 percent), shows a survey of entrepreneurship of residents of the Baltic states conducted by Spinter research (Spinter Surveys) for DNB bank. The survey was published on Thursday. […]

Kaunas Free Economic Zone
Economy

New details in Hella’s investment story: German giant chooses Kaunas FEZ

July 11, 2017 Lithuania Tribune 0

Hella KGaA Hueck & co., a German manufacturer of lighting technology and electronics products for the automotive industry, and the Lithuanian Kaunas Free Economic Zone have finalized a long term land lease agreement. During the first stage of development up to €30 million investment in a production plant is planned and this will create up to 250 new jobs. Depending on the pace of growth, more investments are expected in the future. […]

WOD
Freetime

Let‘s make Lithuania famous together

July 6, 2017 Lithuania Tribune 0

World of Dance is an international dance competition, which is the biggest event in urban dance world today. The event gathers around dancers from more than 30 countries, including Asia, Europe and USA. From this year Lithuania is in the list as well! Competition stimulates the art of urban dance to be spread and prompts enthusiasm of incredibly talented dancers from all over the world. Hundreds of participants and thousands of spectators gathers every year to watch performances and support artists that comes to represent their countries in the worldwide finals and contend for the title of the best dancer in the world. […]