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Lithuanian professor ‘will win the Nobel prize’ for genome editing
Biotechnology Institute Professor Virginijus Šikšnys will become the first Lithuanian to get the Nobel Prize, according to a leading expert in the field. […]
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New real estate trends in Kaunas mirror Vilnius real estate market
Real estate experts claim that more and more people in Kaunas are moving from the suburbs to the city’s centre, a trend that previously had only been seen in Vilnius. In the beginning of the […]
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Is radiation a danger after accident at Belarus nuclear plant?
Lithuanian State Nuclear Power Safety inspectors say that there is no information suggesting that a possible incident at the Astravyets nuclear plant, 50km from Lithuania’s capital, could cause a risk of radiation exposure but Belarusian authorities deny the incident even took place. […]
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Move to simplify residence permit procedures for foreigner start-up founders
Lithuania‘s parliament, the Seimas, accepted a proposal submitted by the government to simplify residence permit issuance procedures for start-up founders and their families on Thursday. The proposal includes the creating by the government of a […]
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What is main source of foreign highly skilled workers in Lithuania?
The majority of highly qualified workers that use the blue card system come to Lithuania to work from Russia, Belarus and Ukraine, according to lawyer Andrejus Mokšinas. Mokšinas, who was speaking at the LOGIN 2016 […]
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Black market still quarter of Lithuanian economy
More than a quarter of Lithuania’s economy still exists on the black market, according to the Lithuanian Free Market Institute‘s research into the country’s shadow market. The research found that Lithuania’s black market was found […]
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US airforce sending a strong message, says US Commander
The landing of F-22 US Raptor fighters in Lithuania last week sent a strong signal of deterrence, said Captain Michael Probasco, the US 95th Fighter Squadron pilot on LRT. “The very fact that we brought […]
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Lithuanian dairy farmers to receive €18m in government subsidies
The Lithuanian government is giving out €18 million to dairy farmers who say low prices have dealt a lethal blow to small farms. About 1,500 farmers will distribute the subsidy, about €80 per cow. Members […]
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What should Lithuania do to increase the impact of tech industry on economy?
Lithuania’s information technology sector is frequently discussed as a growing part of the economy, attracting foreign investment, bringing the benefits of job creation and increased taxes for the state. However, director of IT solutions company […]
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Lithuania’s banks boost profits despite low interest rates
The beginning of this year has been successful for Lithuania’s banking sector, with most banks reporting profit growth despite historically low interest rates. Finance expert Mantas Valužis said that the good results are surprising given […]
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Rising Peasant and Greens Union launch candidates
The Lithuanian Peasant and Greens Union led by entrepreneur Ramūnas Karbauskis has announced some of their leading candidates for single-member constituencies. Public opinion and market research company‘s Vilmorus polling data from April shows that 11.1% […]
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Trump result ‘could have big impact on Lithuania’
The possibility that Donald Trump could win the US presidential election is growing after essentially securing the Republican Party nomination yesterday, said former US Ambassador Žygimantas Pavilionis on Žinių radijas and that can have big […]
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Russia ‘should not even dream about touching Baltic States’ – German Defence Minister
Russia needs to be given a clear message that interfering in NATO member states in any way is not acceptable, said German Defence Minister Ursula von der Leyen. “Russia needs to get a clear message […]
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Fall in Lithuania’s industrial producer prices among biggest in EU
Lithuania has reported one of the biggest falls in industrial producer prices among the 28 European States in March. Industrial producer prices in March 2016 fell 6.3%, compared to March 2015, according to Eurostat data […]
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Lithuanian company lands contract with Western Union
The Lithuanian company Vertex, which offers SMS marketing solutions, has secured a contract from the American money transfer giant Western Union. Vertex will be conducting marketing for the American company via text messages starting this […]
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Big companies may be taxed to support competition regulator
Some companies in Lithuania may face a new tax through which they would be obligated to support the Competition Council (CC). Businessmen have expressed their opposition to the tax, indicating that it would twist competition […]
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Lithuanian entrepreneurs push for adoption of Estonian tax model
A number of Lithuanian entrepreneurs are pushing for Lithuania to adopt Estonia‘s approach to taxation to stop a flight of companies from the country to its Baltic neighbour. “Income tax administration in Lithuania both for […]
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Brussels forecasts slower growth for Lithuania
Lithuania’s economy will grow, but at a slower pace than predicted, according to European Commission forecasts with GDP growing by 3.1% in 2017 instead of the 3.4% previously predicted. However, the Commission said Lithaunia‘s economy […]