Economy

Economy

Survey: every eighth person in Lithuania has private health insurance

November 21, 2018 EN.DELFI 0

The results of a survey conducted in Lithuania showed that every eighth person has been ensured by health insurance. Employers tend to take care of this type of insurance irrespective of the length of employee working time. Most often, health insurance coverage is provided for management level staff and specialists. They are 18-25 year old respondents just at the beginning of their career, and professionals of significant professional expertise. According to insurers in some companies, the employers insure their employees with health insurance even before they acquire this type of insurance for themselves, a press release from Gjensidige states. […]

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Economy

Baltic States seek a single regional assessment

November 16, 2018 EN.DELFI 0

Ministers of finance of Lithuania, Latvia and Estonia, the European Commission and NASDAQ appealed to the global provider of equity indexes MSCI for a possibility of assessing the Baltic states not individually, but as a single region in using an industry classification system. The aim is to start a debate with MSCI for a possibility of improving the equity index of the countries. The appeal to MSCI has been initiated together with European Bank for Reconstruction and Development (EBRD). MSCI is one of the most important forefront index constructors, whose indexes are followed by the largest global investors, a press release from the Lithuanian Finance Ministry states. […]

Economy

LMT presents three digital service innovations at Baltic Mobile Congress

November 16, 2018 EN.DELFI 0

LMT (Latvian Mobile Telephone) is the telecommunications market leader in Latvia and a digital service provider of several mobile technologies worldwide. Three of these innovations are present at the Baltic Mobile Congress – the ISOA forest fire monitoring solution, the EDLUS employee attendance tracking service, and assembly line tracking powered by computer vision, a press release from LMT states. […]

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Economy

Israeli cloud services integrator chooses Vilnius for European base

November 14, 2018 EN.DELFI 0

TeraSky, a leading Israeli cloud solutions integrator, has just announced the opening of its European branch in Vilnius, Lithuania. The company, whose customer base includes global enterprise leaders in high-technology, finance, defence, cyber, telco and other areas, plans to hire several dozen local specialists. The Vilnius office will be responsible for software development, professional services and regional support, a press release from Invest Lithuania states. […]

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Economy

The popular French fashion brand „Gémo“ enters the Baltic States: first store in Lithuania – in 2019

November 14, 2018 EN.DELFI 0

The popular French fashion brand „Gémo“ entered the Baltic States – the first regional store was opened at the shopping center „Galleria Riga“, managed by the real estate company „BPT Real Estate“. According to brand representatives, „Gémo“ will enter Lithuania soon – the opening of the first store in the country is already scheduled in 2019. […]

Šiauliai
Economy

International investors discover Šiauliai

November 14, 2018 EN.DELFI 0

In recent years, Lithuania has seen a large influx of foreign investors. Whereas Vilnius and Kaunas remain the focal points, companies are slowly discovering that Lithuania has much more to offer. Formula Air, the oldest Dutch investor in Lithuania, discovered this a long time ago and is rapidly expanding its success story in Šiauliai, a press release from the investor states. […]

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Economy

New global sales trends have not bypassed Lithuania: “Pigu.lt” has announced two-week sale festival

November 13, 2018 EN.DELFI 0

Traditionally, November is a very busy month for global trade sector as everybody looks forward to new sales records. Although last year, still little-known Singles’ Day in China outperformed the best-known Black Friday, American Black Friday is still in the lead of shaping sales traditions for the greater part of the world. This year, the largest Baltic online shopping site “Pigu.lt” has merged both global traditions and offered a new sales concept to its customers, a press release from the site states. […]

Economy

Higher oil prices boost inflation

November 13, 2018 EN.DELFI 0

Annual inflation accelerated to 2.9% in October compared to 2.4% in September. On a monthly basis prices grew by 0.6%. Core inflation excluding food, energy, alcohol and tobacco accelerated to 1.9% up from 1.8%, a press release from Swedbank states. […]

Klaipėda port
Economy

Reduced Klaipėda seaport charges for container ships to boost the development of shipping

November 13, 2018 EN.DELFI 0

In order to create more favorable conditions for container ships, entering the Klaipėda seaport, the Ministry of Transport and Communications proposes to reduce the port charges for ships with a total capacity of more than 60 thousand units. The proposal to improve the port charges collection principles was submitted to the Government, a press release from the ministry states. […]

Vilnius
Economy

A digital creative agency has come up with the idea of how to attract more tourists to Vilnius

November 13, 2018 EN.DELFI 0

The Gediminas Castle, the Hill of Three Crosses and Užupis are probably the most popular tourist attractions in Vilnius. However, have you ever thought how many alternative sights known only to the locals remain unmarked on the Vilnius map? To fill in this gap, the digital creativity agency bigNow presents the platform Vilnius Wows where the residents of Vilnius will be invited to mark the undiscovered sights of Vilnius that are worth visiting. Later, based on the highlights provided by Vilnius residents, an alternative tourist map will be created to reflect the objects and places that remain in the shadow of the most visible sights of the city, a press release from bigNow states. […]

#Blockchain by Mantas Bartaševičius
Economy

The future of real estate industry is here already

November 12, 2018 EN.DELFI 0

The Fourth Industrial Revolution (4IR) is already affecting every corner of economy and our lives, and this is only the beginning. The real estate industry is not an exception, even though the 4IR has not made visible inroads into the industry yet. Not for long, Ruden Blockchain, a Singaporean real estate company is convinced. This company has answers of how the 4IR is going to affect the real estate industry in the near future. This future is already here, and Ruden Blockchain representatives are going speak about the future of the real estate in Vilnius this Wednesday. We asked one of the speakers Takatoshi Shibayama about his vision of the real estate in the dawn of the 4IR, a Blockchain Centre Vilnius press release states. […]

Economy

Lithuania to further promote quality standards in FinTech sector: official

November 12, 2018 Xinhua 0

Number of FinTech companies in Lithuania increased threefold in the last year, however the Baltic country’s priority is the quality of FinTech sector rather than quantity, Vitas Vasiliauskas, chairman of Lithuania’s central bank, said on November 8. […]

Economy

Newsec and Redgate Capital signed a partnership agreement

November 8, 2018 EN.DELFI 0

Changes in Baltic region‘s real estate field are happening – international real estate consulting company Newsec and Baltic investment banking company Redgate Capital signed a partnership agreement to offer real estate services to clients in Estonia. Redgate Capital‘s real estate advisory team will now operate under the Newsec trademark name in Estonia, a Newsec press release states. […]