If you have moved at least 4 or more times, you are among one-tenth of the most mobile residents in Lithuania who are least attached to their place of residence. Most of the residents in the country change their housing only 1–3 times in their lives, while one-third of them are particularly settled and have never experienced moving. […]
When choosing cosmetic products, Lithuanians are paying more and more attention to their contents, as well as analysing their effects and how suitable they are for the skin or hair, and they do not hesitate to contact the manufacturer or supplier directly in cases where any questions arise. The growing demand for Lithuanian shampoos, creams, shower gels, soaps and other cosmetic products indicates that Lithuanian-made products have a big advantage in this field, a press release from the Maxima retail chain states. […]
“Philip Morris Baltic” & “Philip Morris Lietuva” have been officially recognised by the global authority „Top Employers Institute“, as a “Top Employer Lithuania 2019”, “Top Employer Europe 2019” for the fifth consecutive year and “Top Employer Global 2019” for the third year in a row. […]
With the IT market continuously growing in Lithuania, there is a constant demand for IT specialists. IT sector is dynamic and always changing, and the need for employees is mostly related to new projects or products and rapidly changing customers’ needs. There is no secret that IT specialists are among the most wanted employees in the Lithuanian labour market, a press release from TransUnion states. […]
Despite the unfavourable natural conditions and market unpredictability, last year Lietuvos Energijos Gamyba, a part of Lietuvos Energija group, managed to maintain decent financial performance indicators and provide reliable power regulation and reserve services, a press release from the group states. […]
As soon as this spring, the SBA Group will start a new era in the building tradition with erecting a new logistics centre near Klaipėda. The innovative, green-technology and distinctive design industrial complex will be the first such building in the Baltic States. The authors of the project are the architects of Paleko archstudijos – Rolandas Palekas, Bartas Puzonas, Dalia Uogintė, Karolina Burbaitė. […]
As early as this spring Vilnius city dwellers and guests will be offered to take advantage of the service of electric scooter-sharing service and to travel in the city in an innovative and convenient manner. Striving to become the capital of scooters in Europe Vilnius will not only reduce congestions but will also become a free area of scooters and other alternative means of urban transport, a press release from Vilnius City Municipality states. […]
The conditions in 5 out of 7 municipalities in Klaipėda County are seen as very favourable for business development, and the businesses of Neringa and Palanga face the least obstacles in the country. The seaside businesspeople are optimistic, but most worried about the lack of qualified workforce and high tax burden. […]
The Lithuanian non-bank financial sector is showing maturity: the consumer credit market survey of 2018 Q4 shows that Lithuanians borrow less, but more significant amounts and more responsibly. The representatives of the financial sector observe that the declining number of borrowers also shows decreasing access to consumer credit for lower-income clients. […]
Last year, the rate of enterprise failure decreased by fivefold and credit ratings of companies remained fairly stable, however, businesses cut down short-term borrowings by 14 per cent and long-term – by 13 per cent. It seems that businesses are unsure about the future; meanwhile, the fundamental indicators show no reasons for worrying – the specialists of Creditinfo credit bureau arrived to this conclusion upon the analysis of the data from over 50 thousand enterprises operating in Lithuania and information on the initiated bankruptcy proceedings. […]
The Lithuanian Parliament (the Seimas) intends to oblige companies employing the disabled to allocate the significant part of their profits (as much as 75%) for the integration of the disabled. Representatives of the Association of Social Enterprises (the Association) state that reintegration is already underway, the proposal itself is not based on any calculations, and regulations on where and how companies should use the money they earn raise more questions than answers. […]
On the top floor of a premium shopping center GO9 more than 2,000 square meters co-working space UMA GO9 will be opened this summer. Nordic aesthetics and functionality will be equipped with 230 different workstations: 36 private offices fitting 1 to 12 people teams, over 70 open-type workstations in a co-working open space, 6 modern meeting rooms, a common space with a coffee area and outdoor terraces for relaxation. […]
The Bank of Lithuania will provide assistance to the Swedish and Estonian financial supervisory authorities in the investigation of recent information regarding alleged money laundering transactions linked with the Swedbank group. […]
There is still a lot of unanswered questions about Brexit situation after 29 March 2019. This is the official date of UK withdrawal from the European Union. While there is little time left, there is no clarity about the conditions. Emigrants and Lithuanians who have already came back to Lithuania have a lot of questions about tax refunds. […]
According to specialists, Lithuania has now become a country that boldly introduces innovations to its engineering industry’s market that are not yet available to manufacturers in neighbouring countries. The country’s most famous innovators have also been developing technologies in various fields from medicine to transport. […]
An international architectural idea competition for the National Concert Hall has been launched. Architects from all over the world are invited to design one of the most important future spaces in the capital city of Lithuania and to submit their proposals to Vilnius City Municipality, Go Vilnius informed. […]
In January 2019, the number of flights in the Lithuanian airspace handled by air traffic controllers made up 19 thousand, i.e. increased by 3.8 per cent, compared to the same period last year. Overflights accounted for three fourths (14.3 thousand) of the total flight number, and compared to the same period last year, their number increased by 3.4 per cent. […]
Factris, the Amsterdam-based provider of factoring services has merged its operations with Lithuanian Fintech company Debifo. Factris intends to scale its development team and operations in Lithuania to accelerate the development of its factoring platform and execute on its ambition to become the Pan-European leader of working capital solutions for SMEs. […]
Lithuanian Farmers‘ Union (Lietuvos ūkininkų sąjunga, LŪS) is encouraging country‘s politicians to pass necessary legislation in order to fully legalize the processing of the industrial hemp. This decision would turn the cultivation and processing of the industrial hemp into a promising agribusiness sector, capable of creating a solid additional value to Lithuanian economy. […]
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