Radisson Blu Hotel Lietuva in Vilnius
Economy

Radisson Blu Hotel receives International Premium Certificate

Being the biggest hotel both in Vilnius and Lithuania in terms of its rooms number, now Vilnius hotel Radisson Blu Hotel Lietuva has been recognized as one of the safest hotels in the country. The independent company Safehotels has awarded the hotel with the certificate which shows that Radisson Blu Hotel Lietuva meets the requirements of the international hotel safety standard with Premium class. […]

Laptop
Economy

Startup from Lithuania among 50 most innovative in Europe

Company from Kaunas, Lithuania icy365 was recognized as one of the most innovative in Europe. The list of the most perspective companies was made by “unbound London” innovation festival organizers. The event gathers more than 5000 founders, investors, entrepreneurs, corporate & brand executives and thought leaders every year. Lithuanians had an opportunity to present their own-made collaboration platform for Office 365 to huge international corporations. […]

Bitcoins accepted here
Economy

Varle.lt cryptocurrency payments volume grows by more than 1,200%

More and more people are becoming familiar with and are acquiring bitcoins from their friends or acquaintances, while speculating on the stock exchange, through mining or performing other tasks or operations on the internet or otherwise. In fact, the process of earning money would not get people hooked if they did not have the opportunity to spend them. The first bitcoin owners did not have the freedom of choice when it came to using bitcoins as money but today there are much more opportunities to do so. […]

Rapolas Žilionis
Economy

Vilnius University student with team discovers a new cell type

Webpage of one of the most prestigious scientific journals in the world, Nature, recently published an article “A Single-cell Atlas of the Airway Epithelium Reveals the CFTR-rich Pulmonary Ionocyte”. It centres around the discovery of a new type of cell – pulmonary ionocyte. Dr. Lindsey Plasschaert and Vilnius University (VU) Life Sciences Centre doctorate student Rapolas Žilionis are first authors on this paper. […]

Vilnius Airport
Economy

A new duty free shop has opened at Vilnius Airport

Vilnius Airport passengers flying to non-Schengen countries will enjoy an even more pleasant travelling experience. Now the passengers can visit a newly opened duty free shop. The shopping area was renovated as a part of the Vilnius Airport terminal reconstruction. […]

Money
Economy

More business financing alternatives and investment opportunities introduced in Lithuania

Reduction of administrative burden on investment funds and more favourable environment for their activities in Lithuania, and at the same time, creation of better possibilities of business financing and greater opportunities for investors is the main goal of the draft laws on collective investment undertakings (CIU) which the Ministry of Finance submitted today to the Government. […]

Lietuvos geležinkeliai train
Economy

Railways to rent new railcars for grain producers

Lithuanian state-run railway company Lietuvos Geležinkeliai (Lithuanian Railways) plans to rent grain railcars from Belarus as Lithuanian grain processors and exporters complain about a lack of them. And the traffic of the existing ones is slow due to ongoing railway repairs, they add. […]

Quadrum in Vilnius
Economy

New building in Quadrum business centre in Vilnius will be built

The company Merko statyba which is part of AS Merko Ehitus group and Forumas 4, the company controlled by the Norwegian capital group Schage, signed a contract on const-ruction of a new office building Quadrum South in Vilnius, in Quadrum business city at the address Konstitucijos pr. 21. The value of the contract is higher than EUR 12 million. Completion of the works is scheduled in October 2019. […]

A flat in the Kaunas old town
Economy

Losses in rented housing sometimes amount to six-digit figures

Apartment or house rent market is constantly increasing, whereas the major determinants of its growth include the rise of investments into housing intended for rent as well as the opened short-time rent opportunities through the online platforms such as Airbnb or Booking.com. Gains cannot be separated from risks; consequently, we hear increasingly more stories about people who entrusted housing to tenants or short-term guests and eventually had to deal with the costs of tidying up the vandalised premises. […]

Laisvės al. 55, for sale
Economy

KTU will organise public auctions for 5 buildings in Kaunas centre

Lithuanian Government has permitted Kaunas University of Technology (KTU) to sell 5 more unused real estate objects in Kaunas city centre. The buildings, which belong to the State and are being held in trust by the University, will be sold in public auctions. The first of the auctions is planned in October 2018. The funds will be invested into improving study infrastructure. […]