Šventoji port
Economy

Restoration of Lithuania’s Šventoji port might start next year

The restoration of Lithuania’s western port of Šventoji, officially handed over to Palanga Municipality on Friday, might be started next year, Government Chancellor Algirdas Stončaitis. […]

Virginijus Sinkevičius
Economy

Life sciences is the top industry among Lithuanian innovators

Lithuania has been gradually becoming one of the high tech centres in the region – the country has defined a goal to become the most attractive European country for the development of the life sciences sector by 2030. On 26 September, during Life Sciences Baltics, the largest international life sciences baltics forum in the Baltic countries, Lithuanian Minister of Economy Virginijus Sinkevičius presented perspectives for the development of the Lithuanian life sciences industry, a press release from Enterprise Lithuania states. […]

FlexStart
Economy

Lithuania’s industrial real estate market to receive boost with launch of ready-to-use facilities

Lithuania’s industrial real estate market will take a big leap forward with the upcoming launch of FlexStart, a new development of customisable industrial premises in Klaipėda FEZ. The project will deliver a much-needed solution to the needs of foreign investors for ready-to-use premises, enabling companies to get up and running in as little as three months. […]

No Picture
Economy

Ship traffic at Klaipėda port resumes as winds abate

Ship traffic at the Lithuanian seaport of Klaipėda is being resumed on Thursday as winds are gradually easing after Wednesday’s storm. […]

No Picture
Economy

Research: small Lithuanian business fails to assess IT potential and risks

Random employees rather than experienced specialists in the field normally are in charge of hardware and software in small Lithuanian enterprises. And even though companies admit to be often facing technological malfunctions, they do not tend to learn from their mistakes. This was revealed by a representative survey of small Lithuanian enterprises ordered by Telia. […]

Economy

Lithuanians have an idea how to reduce crypto mining costs

During the largest non-profit ICT and entrepreneurship event in the Baltic States #SWITCH held in Vilnius, winners of the Smart Energy Hackathon organized by Lietuvos Energija, the energy companies group of Lithuania, were elected. The main prize, EUR 1,500 in the selected cryptocurrency, was awarded to the team that created a platform prototype which is intended for cryptocurrency mining based on the sharing principle. The suggested platform model in each case would enable to find the most suitable place in the world to install computer equipment and to organize cryptocurrency mining for the lowest energy price on that date, a press release from Lietuvos Energija reads. […]

R. Šimašius visits #Tower appartments
Economy

Remigijus Šimašius on #TOWER: the ugly duckling becomes a beautiful swan

On Thursday, mayor of Vilnius, Remigijus Šimašius visited one of the highest residential buildings in Lithuania #Tower to congratulate the project developers on opening the building. During the visit, the mayor had a chance to look at the architecture and premises of the new skyscraper and he was among the first ones to test and evaluate the innovations installed in the building, a press release from Vilnius city municipality states. […]

No Picture
Economy

A new attraction centre will open for the citizens of Vilnius.

A Park Town business park located in a strategic area of Vilnius, in a tail of Konstitucijos avenue, next year will invite the citizens of Vilnius to relax in a new spacious terrace. The green space will be
open for both, employees of the business park and everyone who wants to take a look. The company MG Valda, which develops this project, has shown the public how the new recreation area will look like in the centre of the city. […]

Left to right Julija Giedrimė (Švyturys-Utenos Alus), Rita Čepinskienė (Nasdaq), Tadeusz Podvorski and Jevgenija Krikščiūnė (BTA Baltic Insurance Company), Natalija Piparienė (Sanofi-Aventis Lietuva), Ingrida Žumbakienė (Mondelez Lietuva Production)
Economy

Baltic Salary Survey reveals which Lithuanian companies pay the most equal salaries

“Baltic Salary Survey”, a compensation research company in Lithuania, yesterday for the first time unveiled which companies are paying the most equal wages to their employees, at the “Equal Pay 2018” awards. The winners were announced based on remuneration survey conducted this year, in which 150 organizations from all over Lithuania participated, a press release from Baltic Salary Survey states. […]