Economy

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Economy

Lessons from Lithuania to the most economically powerful region in China

July 26, 2018 EN.DELFI 0

Lithuania is able not only to learn but also to help others to grow. This was again proved to be true after the visit of a delegation from Guangdong – one of the most economically powerful provinces in China – that took place in Lithuania on 17th July. After getting to know country’s deposit system, the guests discussed the possibilities of collaboration between Lithuania and China and said they now know how to manage packaging in Guangdong. […]

Economy

Blockchain Technology Opportunities in the Logistics Sector

July 25, 2018 EN.DELFI 0

Blockchain technology, which can be regarded as perhaps the most significant information innovation since the advent of the Internet, has enormous potential in an incredibly wide range of fields. One of the potential fields of blockchain application is the logistics sector, where this unique technology can lead to a major breakthrough. The ParcelABC team, which utilises the latest information solutions in the parcel delivery market, has been carefully following the development of this technology and opportunities for its application. […]

Economy

In the first half-year, increase in flight number by 11%, leading airlines remain the same

July 23, 2018 EN.DELFI 0

Like in 2017, in the first half of this year, the largest number of flights in the Lithuanian airspace was operated by five airlines: Air Baltic (Latvia), Finnair (Finland), Aeroflot (Russia), Lufthansa (Germany) and Ryanair (Ireland). Compared to the same period last year, the Latvian air company, according to the number of flights operated, outran Finnair and came first, a press release from Oro Navigacija states. […]

Vilnius
Economy

British Telecommunications and Expedia will test-drive Vilnius in September

July 23, 2018 EN.DELFI 0

British Telecommunications (BT Group) and Expedia’s UK branch are both temporarily moving their offices to Vilnius this September thanks to the Workation Vilnius programme. Almost 100 companies from around the world took part in the initiative, with the UK and Sweden taking the lead with 13 and 11 company submissions respectively. The two major UK companies, together with Danish startup OrderYOYO, represent the winning teams selected to come to Vilnius for a week this September. The winning companies were evaluated and selected by a panel of judges from the Municipality of Vilnius and Go Vilnius, the city’s official development agency, a press release from the agency states. […]

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Economy

Lithuanians started to enjoy the non-alcoholic beer: sales records are beat

July 20, 2018 Lithuania Tribune 0

Today, the International Brewers’ Day is celebrated, it reminds us not only of the old brewing traditions, but of the innovations of beer industry as well. Non-alcoholic beer, which was considered a niche product not so long ago, is already about to get rid of this label. This summer the demand for non-alcohol beer is growing at a record pace, while Lithuanian and foreign beer makers had supplied store shelves with fifty different types of non-alcoholic beer, a press release from Maxima states. […]

Vilnius Airport
Economy

The number of both passengers and flights increased at Lithuanian Airports in the first half of the year

July 20, 2018 EN.DELFI 0

Almost 3 million passengers were travelling through Lithuanian Airports in the first half of this year. It’s 15% more than last year at the same time. The rates of flights and carried cargo grew rapidly, and it`s expected that country`s airports will be able to report about new records at the end of the year, a press release from Lithuanian Airports states. […]

Nordea headquarters
Economy

Instead of a bank’s headquarters – coworking space, restaurant and clothing store

July 19, 2018 EN.DELFI 0

Located in the heart of Vilnius Old Town, Nordea’s headquarters becomes a multifunctional commercial centre – real estate management and consulting company “Solid Real Advisors” leased one of the most impressive buildings in the Town Hall Square for fully serviced offices and coworking space operator “Workland”, restaurant “Queensberry” and fashion store. On the first floor of the building restaurant and fashion store will open their doors at the end of this summer, a press release from Solid Real Advisors states. […]

Vilius Šapoka
Economy

Vilius Šapoka, the Minister of Finance: the capital markets union is beneficial for all countries of the European Union

July 19, 2018 EN.DELFI 0

Today 8 countries of the EU have expressed united position on creation of the single capital markets union. It will contribute to sustainable growth of economics, stability of the financial system and diversity of sources for funding of business within the EU. The statement has been signed by the ministers of Demark, Estonia, Finland, Ireland, Latvia, Lithuania, Sweden and the Kingdom of the Netherlands, a press release from the Lithuanian Ministry of Finance states. […]

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Economy

TransferGo receives electronic money license from the Bank of Lithuania

July 18, 2018 EN.DELFI 0

The Bank of Lithuania has provided an electronic money license to the international money transfer startup TranferGo. This license opens up new development opportunities and makes it possible for the company to further simplify and speed up international money transfers, as well as to offer electronic money storage, real-time transfers and other financial services throughout the European Union, a press release from the startup states. […]

Economy

Fourth industrial revolution in Lithuania is a goldmine for business consultants

July 18, 2018 EN.DELFI 0

Lithuanian companies are increasingly looking for consultations to help them understand the prevailing trends and prepare for the changes brought about by all-pervasive technologies. Almost 700 enterprises have already made use of a national compensation scheme for such consulting expenditures, a press release from Invega states. […]

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Economy

The biggest blockchain conference in Lithuania’s history starts this week

July 18, 2018 EN.DELFI 0

Hundreds of entrepreneurs, business leaders, and cryptocurrency pioneers will arrive at the The Pillar Unconference 2018, the biggest blockchain conference in Lithuania’s history. The conference guests will cover such topics as ICO perspectives, blockchain security, legal regulation, usage, and expansion possibilities, data security, and many others, a press release from the conference organisers states. […]

Economy

Lithuania sells grain directly to Saudi Arabia for the first time in history

July 17, 2018 EN.DELFI 0

On July 16, Saudi Arabia‘s state grain buyer, the Saudi Grains Organization (SAGO) bought 115 thousand tons of Lithuanian wheat through an international tender from the Lithuanian grain trade company Agrorodeo. The Lithuanian capital company Agrorodeo is the first in the Baltic States to directly sell grain to Saudi Arabia through an international tender, a press release from the company states. […]

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Economy

Building houses with the help of smart phones – an innovation tested in Lithuania

July 16, 2018 EN.DELFI 0

It is hard to imagine our lives today without smart phones, but soon they might become indispensable at construction sites as well. When developing real estate projects, construction and sustainable real estate development company “YIT Kausta” is the first in Lithuania to start using an application of digital construction for smart devices, which was created by the Danish company “Dalux”. This application allows expanding, transferring to mobile devices and supplementing the Building Information Modelling (BIM) system that is already applied in construction. This way, the system can be applied in a flexible and broader way, a press release from YIT Kausta states. […]