Small and medium-sized enterprises (SMEs) create three out of four jobs in Lithuania and that is 10 % higher than the EU average. SMEs are economic growth drivers in Lithuania as stated in the “Small Business Act” for Europe report published by the European Commission. This is the latest EU study aimed at assessing measures for improving environment for small and medium-sized business. […]
On Wednesday, the cabinet approved the Ministry of Interior’s proposal to form a list of the most demanded professions. It includes 40 professions the public sector is lacking. It has been decided that specialists on the list will be granted simplified employment conditions. Furthermore, they will be granted double the wages of professions not on the list. Solely forming this list will not solve the lack of staff in the country, the chairwoman of the Lithuanian Trade Union Confederation (LPSK) says. […]
Lithuania is the only of the Baltic States where average wages do not reach a thousand euro, lrt.lt writes. […]
On 27 November 2018, winners of the World Summit Awards under the auspices of the United Nations were announced (www.worldsummitawards.org) – Top 5 content solutions in each of 8 WSA categories. This year, even two Lithuanian projects were ranked among Top 40 digital innovations: Pulse Tip (Pulsetip) was declared the winner in the business and commerce category, and Computers for Children (Computer Support Foundation) – in the teaching and education category. […]
With solutions based on distributed ledge technology and blockchain rapidly gaining popularity, the demand for technologically reliable and legal means to organise property and other securities circulation when using these technologies appears. […]
In the very near future the passengers of Vilnius Airport will have more options while spending their free time before departure. New-concept “Charlie Pizza” pizzerias will open in the extended commercial area of the air gateways of the capital at the beginning of next year. After their opening, 11 catering outlets offering different varieties of food will be operating at the airport, a Lithuanian Airports press release states. […]
Through the Southwestern Advantage program 46 Lithuanian students spent their summer in the US practicing their marketing and entrepreneurial skills and selling educational books. The best seller turned out to be a Lithuanian student who in only three months made a personal profit of 25 000 dollars. […]
Even though all Lithuanian real estate market segments showed growing numbers, DIY (Do It Yourself) shopping centers were especially successful. The main reason for the significant changes in this market segment was the arrival of a new market player and the established players’ reaction to the newcomer’s moves. Active DIY development also signifies the developers’ trust in the country’s economic situation, as well as the likelihood of international DIY giants paying attention to the Lithuanian market. […]
The Bank of Lithuania issued on Wednesday an e-money license to Chinese controlled payment company Paytend Europe amid the country’s efforts to become a payment gateway between China and the European Union. […]
Yesterday in Tallinn, during a special presentation at Industry@Tallinn & Baltic Event, Rolandas Kvietkauskas, the director of the Lithuanian Film Centre, presented to the international film community the results and future outlook of the government’s tax incentive for film production in Lithuania – the national tax incentive will rise to 30% in 2019. Kvietkauskas and producer Gabija Siurbytė (Dansu Films) discussed cases of successful tax incentive use, the scheme’s future prospects and important details filmmakers should know about the measure. […]
NKT, a leading global power cable manufacturer, and THINKT, an innovation hub backed by the Danish company, are bringing their joint competencies to Kaunas where they are establishing a digital project development team. The new site will collaborate with the THINKT hub in Berlin to support and develop new projects for the energy industry, a press release from Invest Lithuania states. […]
From the spring of the next year, LOT Polish Airlines will be flying passengers from Vilnius to one of the world’s largest financial centres in London City, after winning the international public contest of Lithuanian Airports. The purpose of this unique contest was to remove the geographical barrier between the business communities of Lithuania and the United Kingdom, and help promote investment, a press release from Lithuanian Airports states. […]
Emigrants living in the UK heavily influence Lithuania’s annual flow of foreign income. However, in the recent years, remittances from Great Britain have been steadily declining. This is largely influenced by the effects of political processes – over the course of three years, the exchange rate of the pound to euro has appreciably depreciated. Lithuanians must look for ways to protect the money they earned – they are increasingly interested in investment opportunities, including bitcoins and other cryptocurrencies, a press release from Luno states. […]
Capital – a city of creating people: having announced a competition for innovation for those who have unique ideas on how to innovate the city’s public spaces, the municipality received as many as 30 applications and projects. The commission already selected the 4 strongest projects, which will be implemented as soon as by the end of this year. The city allocated a total of EUR 200 000 for this competition, a Vilnius city municipality press release states. […]
While populism has come to be regarded as a catch-all culprit for many of the ills befalling Europe and the world today, how does it overlap with the domain of competition law? This was the question addressed by Šarūnas Keserauskas, the Chairman of the Competition Council of Lithuania, during the European Business Network’s (EBN) recent event hosted at Holiday Inn hotel in Vilnius. […]
During the Hacker Games hackathon that took place in Vilnius last December, the team that created the Mushrooming game were declared the winners in the gaming league. This autumn, the game was nominated as one of the best games in the mobile application category. The Lithuanians managed to stand out in the highly competitive gaming industry by implementing an unexpected and ingenious solution, a press release from Startup Lithuania states. […]
Naturally the airport in Vilnius is the centre of intensive movement to and from which thousands of people travel every day. The range of transport means they use partially characterises the whole system of city transport. The latest research has revealed a significantly higher passengers’ confidence in Vilnius public transport over the last seven years, a press release from Lietuvos Oro Uostai states. […]
Blockchain will transform digital services and Europe. It is acknowledged that Europe missed out on the Internet, however, the continent is determined not to miss out on the next revolutionary technology – blockchain. The European Union, with its digital Single Market of over 500 million citizens, is well placed to seize an opportunity to become the world leader of blockchain. Since Lithuania is regarded as a centre of excellence in blockchain, it is going to be playing a major role in those efforts. Blockchain Centre Vilnius is invited to shape this future and be a founding member of a new association, which is going to be putting blockchain technology at the heart of Europe’s future. […]
While undergoing the process of modernisation, the strategic company Oro Navigacija, whose mission is to provide flight safety in the Lithuanian airspace, is presenting its new logo. The trademark that had been representing the enterprise for seventeen years was replaced by a modern one, which communicates the same message to both the Lithuanian and the foreign audience, a press release from Oro Navigacija states. […]
During ten months of this year, air traffic controllers handled 227.5 thousand flights in Lithuanian airspace, i.e. more by 9.3 per cent, compared to the same period last year. Overflights made up 172.6 thousand, or three fourths of the total flight number, a press release from Oro Navigacija states. […]
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