Economy

Sushi
Economy

Lithuanians love sushi – last year they bought twice as much as a year before that

February 15, 2019 EN.DELFI 0

As foreign cuisine grows more popular in Lithuania, some of those dishes are becoming an irreplaceable part of people’s diets. One of the most popular dishes among Lithuanians is Japanese sushi. Demand nearly doubled over the last year. According to retailers, it’s easy to explain the secret behind the popularity of sushi – Lithuanians value the dish because of its flavour and because of how healthy it is. […]

Kaunas Free Economic Zone
Economy

Kaunas FEZ launches an innovative service: forklift sharing point

February 13, 2019 EN.DELFI 0

At the beginning of March, innovative forklift-sharing service will be launched in the territory of Kaunas Free Economic Zone. Alwark company, which has been providing loading and warehousing services as well as sales and rent of equipment in the Baltic countries has decided to establish a forklift sharing point where companies operating in Kaunas Free Economic Zone will be able to rent a forklift without any middlemen. […]

Laptop
Economy

Internet entrepreneurs misleading the authorities

February 13, 2019 EN.DELFI 0

The State Tax Inspectorate (hereinafter referred to as the STI) hereby informs that the operational analysis of Lithuanian residents who trade in online marketplaces and offer services on sharing economy platforms, which has been carried out by the Bussines in Electronic Area and By Electronic Means Control Division, revealed more than 1.5 million of undeclared income. It is an interesting fact that some people who use electronic means for business purposes not only “forget” the income they have received, but also try to hide their mistakes from the tax administrator in the most unusual ways, for example, by editing or completely deleting parts of publicly available information. […]

Rail Baltica
Economy

Rail Baltica developing efficient and sustainable energy supply system

February 11, 2019 EN.DELFI 0

The joint venture of the three Baltic states RB Rail AS has commenced the Study for the Development of the Rail Baltica Energy Subsystem Procurement and Deployment Strategy. The contract for the delivery of the Study was signed in January 2019 with the Consortium INECO – ARDANUY, consisting of Ingenería y Economía del Transporte S.M.E. M.P., S.A (INECO) and ARDANUY Ingenería, S.A (ARDANUY). Both Consortium partners have proven experience in the railway sector and specifically in energy subsystem. […]

Robots
Economy

Swiss Mikron Group set to produce automation modules in Lithuania

February 7, 2019 EN.DELFI 0

Switzerland-headquartered Mikron Automation has announced opening a production facility in the area of Kaunas, Lithuania. The facility will initially produce modules for automation solutions, mainly for customers in the automotive industry. In the following several years, Mikron will build a team of up to 50 specialists, including mechanical technicians, mechanical and control engineers, electricians, and supply chain managers. […]

Winter
Economy

Austrians’ advice to Lithuania: don’t’ turn a town into a village and vice versa

February 5, 2019 EN.DELFI 0

Flying taxi “skyport”, the Hyperloop or maglev trains – perhaps these inventions will change Lithuanian landscape and infrastructure over the coming decades. Foreign professionals warn that the way we turn into will depend not only on the experts’ insights, but also on public opinion and suggestions. The preparation of the first stage – the real situation – of the Comprehensive Plan of the Territory of the Republic of Lithuania has been completed. Considering the presented conclusions, the Ministry of Environment together with the team of experts will prepare the Comprehensive Plan of the territory of the country and will draw a new long-term vision of the country. […]

Finish flag
Economy

Finland’s Supermetrics to set up office in Vilnius

February 5, 2019 EN.DELFI 0

Founded in Helsinki in 2013, Supermetrics is a rapidly growing marketing technology company and a leader in its category. It pulls data from various marketing platforms into one single location, making it easy for marketers to report, monitor and analyze the performance of their marketing campaigns. The company is set to open its first office outside Finland this month in Vilnius, with plans to hire between 50-100 people in the next three years. Job ads can be accessed on the Work in Lithuania platform, Invest Lithuania informed in a press release. […]

Monika Kriūnaitė of CEE Attorneys during the panel. Photo by Mantas Bartaševičius
Economy

Blockchain for business: Spoiled broth and regaining trust

January 31, 2019 EN.DELFI 0

Blockchain industry leaders should start investing more in Research and Development (R&D) instead of Public Relations campaigns. There have been too many actors in the industry who made a good broth bad; a broth which now has to be consumed by all, including those com-panies and start-ups who have something dynamic to offer both small and large businesses. […]

Blockchain Centre Vilnius CEO Justas Šireika
Economy

Blockchain Centre Vilnius to be headed by Justas Šireika

January 25, 2019 EN.DELFI 0

Technology companies from 14 countries around the world, including Australia, China, Canada, Switzerland and others have established partnership with Blockchain Centre Vilnius (BCV), which was founded just a year ago. In an annual event hosted by the centre on January 23, blockchain technology experts from the World Trade Organisation, European Commission and Parliament, as well as Lithuanian institutions gathered to discuss the application of blockchain technology in international trade. During the event, Justas Šireika was introduced: he will be taking charge of the BCV, as well as a new start-up financing fund, according to a Blockchain Centre Vilnius press release. […]

No Picture
Economy

Proposals on air quality: maximum odour concentration in air to be reduced

January 22, 2019 Media Briefing 0

In order to improve air quality and reduce discomfort for those residing near industry, manufacturing and other objects, which could release sharp odours, it has been proposed to adjust the maximum permitted odour concentration in the air. Related institutions have been handed the legislative projects intended to do so, pending proposals and opinions, a Ministry of Healthcare press release states according to lrt.lt. […]

Klaipėda FEZ
Economy

Capella Baltica increasing investment in Klaipėda FEZ

January 22, 2019 EN.DELFI 0

Capella Baltica, a Spanish cosmetics and food industry supplier, has increased the amount of its investment at Klaipėda Free Economic Zone from 10 to 13M EUR and plans to open its protein factory in late 2019. […]