Globalios Lietuvos apdovanojimai 2014
Global LT

Foreign minister: Global Lithuanian Awards express gratitude

The ceremony of the Global Lithuanian Awards 2014 took place on 30 December. The Lifetime Achievement Award of Lithuania’s Ministry of Foreign Affairs was given to the American Lithuanian organization Lithuanian Children’s Hope, its long-time head Grazina Liautaud and President of the Los Angeles Lithuanian Children’s Hope department Danguole Navickiene. The award was given for consistent support for Vilnius University Children’s Hospital and for nurturing the philanthropic tradition, Lithuania’s Ministry of Foreign Affairs said. […]

Global Lithuanian Awards 2014
Global LT

President Grybauskaitė hands out Global Lithuanian Awards

Lithuanian President Dalia Grybauskaitė congratulated the laureates of this year’s Global Lithuanian Awards, the presidential press service said. […]

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Economy

Wages in IT determined by productivity, not change of currency

The euro which will shortly replace the litas will have a positive effect on the IT services market of Lithuania, however, it will hardly bring any significant changes. Antanas Ursulis, general manager of CSC Baltic which provides IT services, says that the euro will not bring any dramatic changes to working conditions or expectations of employees; nevertheless, the new currency will help Lithuania enhance its image as a reliable and attractive country for investors. […]

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Society

President will award Global Lithuanians

The Honorees of the Global Lithuanian Awards 2014 will be announced and awarded at the official ceremony in the Presidential Palace on the 30th of December, 2014. The event will be broadcast live from 4:00 PM on LRT television and the news portal DELFI. […]

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Economy

Lithuanian business start-ups to expand despite slowing economy

With the country’s economy growing slower than expected, most business start-ups in Lithuania are taking advantage of the situation in the domestic market. While the country’s largest companies are estimating the consequences of Russia’s embargo, Lithuanian business start-ups are planning to further increase their sales volumes within the coming six months and recruit new employees to satisfy the growing demand, the bank DNB said in a statement. […]

Economy

Invest Lithuania awarded for professionalism and success

The 16th annual awarding of St. Christopher’s statues took place at Vilnius Town Hall on 18 December. The statutes, which are the highest honour awarded by Vilnius Municipality, were presented to the city’s most deserving people and businesses. At the ceremony, the foreign investment development agency Invest Lithuania was awarded for its professionalism and for attracting foreign investment to Vilnius, the agency said. […]

Danielis Libeskindas
Economy

Libeskind unveils designs for new leisure centre in Vilnius

The City of Vilnius, together with private investors and the world renowned architect Daniel Libeskind have revealed the design for Vilnius Beacon at the Liepkalnis Ski Hill. The project is a collaboration between the City of Vilnius and Daniel Libeskind to create a new tourist destination and aid in the transformation of the city as a centre of the Baltic region, the Vilnius City Council said. […]

LitPol Link
Energy

Litgrid borrows EUR 65m from European Investment Bank

On 18 December 2014, the Lithuanian electricity transmission system operator Litgrid and European Investment Bank (EIB) signed an agreement on a EUR 65m loan for a maximum period of sixteen years. The funds will be used to partially finance implementation of LitPol Link project and the new power line from Alytus to Kruonis PSHP (Pumped Storage Hydroelectric Plant), Litgrid said in a statement. […]

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Economy

Lithuania offers best public WiFi in the world

Lithuania has been ranked as number-one country with best public WiFi, according to tourismupdates.com. […]