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Economy

Welcome to Vilnius workshops to support foreign talent relocating to Lithuania’s capital

This Tuesday Vilnius’ business development and tourism agency Go Vilnius at the Workland Business Centre announced a series of dedicated workshops slated to begin taking place later this month. The Welcome to Vilnius workshops are designed to facilitate the transition of foreigners coming to the city to pursue professional opportunities. In just a few hours, workshop participants will receive invaluable information to help them navigate bureaucracy, settle into day-to-day life, and ultimately, become a local. The workshops will also give participants an opportunity to ask a team of experts specific questions, take part in a tour of Vilnius and meet other foreigners, a press release from Go Vilnius states. […]

Economy

The number of foreign startups choosing Lithuania for starting their businesses is growing

Last year, the Startup Visa received 178 applications of foreign companies for participation in the programme and business development in Lithuania, or 41 per cent more than in the first year of the programme, a press release from Startup Lithuania states. […]

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Economy

Icelandic payment entrepreneurs establish HQ in Vilnius

Paystra, a fintech company founded and financed by Icelandic payments experts, providing payment services, is establishing its headquarters in Vilnius, Lithuania, and plans to build a team of 30 professionals over the next two years. The company, led by two payment market veterans, will develop and deploy state-of-the-art electronic payment solutions for European merchants, a press release from Invest Lithuania states. […]

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Economy

Retirement pension rises 7%

With January arriving, pensioners will see an increase to their pensions. Some of them will have their pensions delivered not by Lithuanian Post staff, but new pension carriers. Changes also await those enrolled in pension funds. All those enrolled will be making payments from their wage, while those unwilling to participate in the pension accumulation system will have the right to opt out within half a year, lrt.lt writes. […]

Economy

Christmas shopping marathon gathers momentum: how do stores prepare?

While we are being taught to purchase gifts as early as possible and the late November Black Friday should help in distributing holiday shopper numbers, many of us still leave Christmas shopping to the last minute. Retailers interviewed by lrt.lt have observed this and note that they even hire extra staff for the Christmas period and change work schedules just so they can service the influx of customers, lrt.lt writes. […]

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Economy

Lithuanian start-ups attracted EUR 70 million in investments in 2018, further breakthrough will be determined by environment improvement

In 2018, the Lithuanian startup community achieved the record-breaking results, i.e. attracted EUR 70 million in investments from abroad and Lithuanian investment funds. At the same time a legal basis for a better business environment was being developed for innovative Lithuanian business, what will determine a more significant breakthrough of the Lithuanian startup ecosystem next year, a press release from Startup Lithuania states. […]

Vitas Vasiliauskas
Economy

Vitas Vasiliauskas: the matter of income inequality will become only more acute next year

The cabinet’s tax and public sector policy is not contributing to resolving income inequality issues, Bank of Lithuania board chairman Vitas Vasiliauskas says. […]