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. […]
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. […]
Enterprise Lithuania and Bank of China Limited signed a cooperation memorandum providing Chinese and Lithuanian business communities with an opportunity to develop more efficient cooperation in the fields of trade, investments, services, and industry. The cooperation agreement was signed on 7 July, at the meeting of heads of government of the Central and Eastern European countries and China, held in Sophia, a press release from Enterprise Lithuania states. […]
Lithuanian President Dalia Grybauskaitė has signed the Law on Technology and Innovation and amendments to the Law on Innovation and Science and Studies, defining the composition of a technology and innovation system, areas of responsibility of institutions, as well as funding of technological and innovation activity. […]
A direct flight between Vilnius and London City Airport might be launched in a near future. […]
“Elinta Charge” took home a major award at the “Red Dot: Product Design” awards in Essen, Germany on 9th July 2018 for its “CityCharge V2” electric vehicle charging station, which was designed and developed for public and commercial use, a press release from the company states. […]
One of the most persistent trends today is that of investments in stocks or cryptocurrencies. The reasons behind this are clear. Large chunks of capital are no longer necessary, so anyone can become an investor by investing as little as 10 EUR. Today, specialist financial services or banks are largely obsolete, because it is simple enough to sign up to online trading platforms, such as Luno, which are custom made for small investments. Likewise, there are no limits to the amount of Bitcoins or any other cryptocurrencies you can acquire, so you are perfectly legit with as little as 0.0001 percent. Finally, the risks involved in withdrawing your profits or balance are very few as you can set your own trade and cash flow amounts. […]
Modern-day users face an increasingly tougher decision when it comes to choosing from the plethora of goods and services on offer or making the right purchase decision. Advertisements on television, radio, and social media, flashing, sparkling and ringing at you from every direction, sometimes seem to strip one of the right to choose. Thus, before deciding to purchase anything, people look up goods or services online, read reviews on websites or go on social media, which helps to make the ultimate decision on whether it is worth buying the product you chose. […]
This July 15th to 22nd, hundreds of entrepreneurs, business leaders, and crypto pioneers will arrive at the Vilnius Grand Resort, Lithuania for seven days of workshops, case studies, and panel discussions on the future of blockchain. […]
With over 50 thousand users in Lithuania, the Estonian start-up company for anonymous recruiting MeetFrank is not holding back as three venture capital funds recently granted financing for its expansion into Western Europe, while users have already been able to appreciate the app‘s updated interface design, making interactions even easier, a press release from the startup states. […]
DFDS is increasing the number of ferry crossings between the ports of Klaipėda and Karlshamn (Sweden) by introducing a novelty in Lithuanian market – day crossing from Lithuania to Sweden, a DFDS press release states. […]
Exports of goods of Lithuanian origin, excluding mineral products, continue to grow, though at a somewhat slower pace than last year. In early 2018, nominal exports of Lithuanian goods increased by 6.8% compared to the same period in 2017 (15.4% throughout 2017). Growth in exports of petroleum products of Lithuanian origin turned negative. In light of the latest data, Lithuanian exports are unlikely to gather momentum in the short run. Moreover, the looming trade war between Europe, other countries and the US does not warrant optimism. […]
Most Lithuanians know what cryptocurrencies are, one third would like to purchase some, but only a few actually own and use such virtual currencies as bitcoin. According to Magalena Gołębiewska, Head for Eastern Europe at Luno, a digital currency trading platform, these numbers show that Lithuania has a huge potential in the digital currency market, a press release from the platform states. […]
The evocative lanes and courtyards of Vilnius echo with the romances of the past, brought to life today through the infectious atmosphere, voices and clinking glasses of the restaurants and bars of the Old Town. […]
We’ve always been fans of Radix DLT and the work they have been doing. That’s why we are excited to announce that we will be hosting the first Radix hackathon at the #PillarUnconference. […]
On the 28th of June, after 3-year reconstruction Švyturys Brewery opened its doors in Klaipėda port of Lithuania. Here, the modern craft beer line, gastrobar, shop, beer museum as well as conference and degustation halls fit under the same roof. The project is a joint investment of Carlsberg Group and Brooklyn Brewery, strengthening the partnership between two brewers to excel in European craft beer market. […]
The secretary general of the Organization of Economic Cooperation and Development (OECD) says that Lithuania, the organization’s newest member, must combat the informal economy. […]
Lithuanian President Dalia Grybauskaitė on Wednesday signed 26 amendments paving the way for the implementation of the pension accumulation reform, endorsed by the Seimas, as of the start of the next year. […]
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