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. […]

Counterfeit vodka
Economy

Illegal alcohol production facility busted in Lithuania

Lithuanian law enforcement officials say they have busted one of the largest counterfeit alcohol production facilities in the country, with the criminal group raking up to 3 million euros a month from this business. […]

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. […]

A pig
Economy

Swine fever outbreak recorded on Idavang’s farm in Lithuania

An outbreak of swine fever has been recorded on a pig farm in Lithuania’s northern district of Akmene, operated by Denmark’s Idavang, Lithuania’s State Food and Veterinary Service said. […]

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. […]

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. […]

Minija river
Economy

Heat causes fish to die in western Lithuanian river

The tropical heat wave that has gripped Lithuania is blamed for a massive fish kill along 50 kilometers of the River Minija in the western part of the country, the Diena.lt news website reported. […]