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. […]
The field of research of World Trade Organisation chief analyst Emmanuelle Ganne is the application of new technologies in trade and micro, small and intermediate sized companies’ problems. Such companies comprise 99% of all in Lithuania. […]
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. […]
The Lithuanian film centre have summarized the local box office results – in 2018 distribution reached a remarkable increase and hit all the records, a press release from the Lithuanian Film Centre states. […]
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. […]
Lietuvos Geležinkeliai [Lithuanian Railways] is initiating the European gauge Rail Baltica territory planning stage, lrt.lt writes. […]
According to the study of the European Commission, Lithuania is among four Member States of the European Union (EU), where the fixed broadband is the least expensive. It is accompanied by Romania, Latvia and Hungary. […]
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. […]
Prices of main food products in five largest Lithuania’s retail chains will be regularly announced on an official website in order to give shoppers better understanding about general price level, Lithuania’s Ministry of Agriculture announced on Wednesday. […]
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. […]
The government has taken aim at the informal economy, just as many prior to it has. This time, the construction sector, meat produce trade, healthcare institutions and minor traders are in its sights, lrt.lt writes. […]
The cabinet has approved a pharmacy licensing regulations amendment project proposed by the Ministry of Healthcare, which will allow retailers to sell certain medicines, rather than just pharmacies, starting from January 1, lrt.lt writes. […]
TransferGo, one of the world’s fastest growing money transfer companies, is announcing today the close of a Series B funding round for $17.5 million led by Vostok Emerging Finance and Hard Yaka from Silicon Valley, with participation from Revo Capital, U-Start and Practica Capital. […]
Lithuania is no longer a cheap country as regards food prices, Irma Gudžiūnaitė, Lithuania’s vice minister of justice, said on Thursday while presenting results of a comparison-based analysis of food prices in 12 different EU member states. […]
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. […]
After evaluating world and the country’s economic trends, the bank of Lithuania is lowering this year’s economic growth forecast from 3.4% to 3.2%. Next year’s insights are not changing, it is expected that in 2019, the economy will grow by 2.8%. Wages will continue growing faster than inflation, unemployment will consistently decline. […]
One of the most popular Lithuanian bakeries „Vilniaus duona” is counting its stable export results this year: 10 percent of total produced goods in 2018 were exported worldwide. […]
On Friday European Merchant UAB was granted the license issued by ECB, European Central Bank through the Bank of Lithuania to engage in specialized banking activities. The provision of services is planned to start in June 2019. […]
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. […]
The cabinet’s tax and public sector policy is not contributing to resolving income inequality issues, Bank of Lithuania board chairman Vitas Vasiliauskas says. […]
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