Economy
Economy
Economy
Vilnius’ Kempinski Hotel among TripAdvisor’s top 25 hotels in Europe
Kempinski Hotel Cathedral Square was named one of the “Top 25 Hotels in Europe” and “Top 25 Luxury Hotels in Europe” by TripAdvisor, the world’s largest travel site. Kempinski Hotel Cathedral Square was also nominated as the No 1 hotel in Lithuania. […]
Economy
Fishermen and environmentalists disagree on protected areas in Baltic Sea
Fishermen in Lithuania are concerned about the European Union‘s regulations to define protected areas in the Baltic Sea and fear they might be left without fishing areas, the Vakarų Ekspresas daily reports. […]
Economy
Swedish manufacturer opens new factory in northern Lithuania
Anva Polytech, a rubber component producer from Sweden, is setting up a production facility in Lithuania, with the aim of creating 50 new jobs in the next 5 years. The factory, which will produce a variety of rubber components, will be established in Biržai town, Panevėžys County, Invest Lithuania said. […]
Economy
Klaipėda Port stands against EC’s requirements
The European Commission has requested that Klaipėda Port terminate the privilege to lease land to companies without a tendering procedure if a company has purchased buildings or other structural objects. The daily Verslo Žinios reports that companies operating in the port fear that their investments will remain unsafeguarded if such a requirement is implemented. […]
Economy
Lithuania climbs 6 notches to No. 15 in global economic freedom rankings
Lithuania has gone up six notches to rank 15th among 178 countries worldwide in the latest economic freedom ranking released by the US-based think tank Heritage Foundation. […]
Economy
Lithuanian cheese Liliputas included into EU’s list of protected products
After member-states of the European Union have finally given their blessing to the Liliputas, a Lithuanian semi-hard cheese, the product will from now on be sold with a “protected geographical indication” logo. […]
Economy
Lithuania’s export to Russia to shrink 10 percent, Swedbank economist says
Continuing geopolitical tensions in Eastern Europe will continue to affect Lithuania’s economy in 2015, says Nerijus Mačiulis, chief economist at Swedbank. […]
Economy
New lab at Vilnius University expected to deal with artificial intelligence in future
On 22 January, Telecommunications Research Centre M2M (machine-to-machine) laboratory was opened officially at the Faculty of Physics of Vilnius University. […]
Economy
Lithuania promotes itself as dental tourism destination in Scandinavia
Lithuania continues to rise in the consciousness of Scandinavians and Western Europeans as a proffered destination for elective dental health treatments. Vilnius dental clinic Odontika, the Baltic’s leading dental clinic for patients from abroad, has been active in promoting Lithuania to the Scandinavian market this winter. […]
Economy
Third of Lithuanian enterprises innovate
In the European Union, just under half (48.9 percent) of enterprises of 10 employees or more reported innovation activity during the period 2010-2012. The proportion of innovative enterprises in the EU dropped in 2010-2012 compared with both 2006-2008 (51.5 percent innovative enterprises) and the peak recorded in 2008-2010 (52.8 percent). This pattern was observed in the majority of Member States, Eurostat, the statistical office of the European Union, announced based on the Community Innovation Survey 2012. […]
Economy
Rural Development Programme distributed 90 percent of support to Lithuanian beneficiaries
According to the data of the end of December 2014, EUR 2 billion or 90 percent of financial support of the Rural Development Programme for 2007-2013 (RDP) were already paid to Lithuanian beneficiaries. […]
Economy
KTU Executive School: Tailor-made competences for business
Every businessperson in his of her life has encountered a situation when they need to upgrade their competence package. However, usually there is no time for proper studies, and the quality of available lectures by individual speakers is often compromised. Lauri Koponen, Head of KTU Executive School says that business breakfast, popular in Scandinavian countries, is a good solution for this problem. […]
Economy
Lithuanian mobile game reaches USA monthly top 10
Mobile applications performance service App Annie recently announced results for last years’ November in which Lithuanian game Cooking Fever reached top 10 in Apple iOS games charts. Nordcurrent studios’ game squeezed between such industry heavyweights as Candy Crush, Madden NFL, Game of War and others. […]
Economy
Most popular flight destinations from Lithuania in 2014 – UK, Germany and Norway
Last year, a total of 3.8 million passengers used the services of Lithuania’s three airports in Vilnius, Kaunas and Palanga, or 9.1 percent more than in 2013. […]
Economy
Economy
British rail companies interested in Rail Baltica project
UK rail companies working in international projects and providing rail infrastructure services such as planning, construction and management of innovative and sustainable railways met the representatives of the Lithuanian Ministry of Transport and Communications. During the meeting, the companies had the possibility to learn more about Lithuania’s strategic project Rail Baltica 2 and other rail projects implemented in the country, the Ministry of Transport and Communication said. […]
Economy
Rise in services prices in Lithuania not due to euro, finance minister insists
An increase in services prices in Lithuania last year was due to growing wages rather than to euro adoption, Finance Minister Rimantas Šadžius said on Thursday. […]
Economy
Economy
Nasdaq creates new technology and business support competence center in Vilnius
Nasdaq (Nasdaq: NDAQ) announces that the world leading operator of exchanges and provider of capital markets technology, will create a new technology and business support competence center in Vilnius. […]