Economy
Economy
Economy
Lithuanian border guards set to buy 77 new SUVs
The Lithuanian State Border Guard Service is looking to purchase 77 new SUVs to renew its fleet of vehicles used to control illegal migrants and smuggling, the 15min news website reported on Friday. […]
Economy
Condition of Lithuanian roads worse than expected
The quality of Lithuania’s roads is worse than expected, Transport and Communications Minister Rokas Masiulis said in a presentation of road audit results. In his words, the checks revealed that the quality of nine in 10 roads is unsatisfactory. […]
Economy
Lithuania made a triple jump into becoming the European FinTech centre
The fact about Lithuania as one the most favourable and friendly jurisdiction for FinTech companies, planning to offer payment service across the EU is spreading out. 30 electronic money institutions had activity licences issued by the Bank of Lithuania licenses in 2017, as in 2016 there were just 12. According the information, announced by the Bank of Lithuania on 29th January 2017, about 100 companies are on consultations about licencing opportunities in Lithuania and 19 are now under review. So what factors influenced such growth and interest in FinTech licensing in Lithuania? […]
Economy
Lithuania’s national stadium tender talks to continue with Axis Industries only
Negotiations in the Lithuanian national stadium concession tender will be continued with the sole remaining participant – Axis Industries, the engineering products and solutions company operated by Icor concern, and its partners. […]
Economy
Vilnius Airport set to launch passenger terminal renovation next month
Vilnius Airport is next month launching a four-year, 60-million-euro major renovation of its passenger terminal to improve passenger service and increase the terminal’s capacity. […]
Economy
Economy
Ignalina N-plant auction case goes to court
A criminal case in which former top executives of Lithuania’s Ignalina Nuclear Power Plant (INPP) are suspected of abuse of office in organizing an auction of the plant’s assets worth 1.5 million euros is going to court. […]
Economy
FinTech development in Lithuania gathering pace
Favourable conditions for the development of financial technologies (FinTech) in Lithuania have already attracted numerous domestic and foreign companies. Upon implementation of planned initiatives for fostering FinTech development, the sector is likely to attract more investment and create more jobs, while consumers may be offered a wider range of financial services. […]
Defence
Economy
Daring Vilnius ad goes viral, may become Lithuanian capital’s calling card
A daring ad promoting Vilnius as “the G-spot of Europe” has gone viral in recent days and may become a successful calling card of the Lithuanian capital abroad. […]
Economy
Economy
Lithuania should see no drastic rise of food, drink prices in 2018 – analyst
Prices for alcohol and dairy products will grow insignificantly in Lithuania this year after being the main driver of the consumer price index in 2017, therefore, the inflation pace will slow down, says Nerijus Mačiulis, chief economist at Swedbank Lithuania. […]
Economy
Watch LIVE: Lithuania becomes a global gateway to the EU for the blockchain industry
Lithuania has announced it will host Europe’s first international Blockchain Centre in Vilnius. The Centre will open its doors in the capital of Lithuania, on Saturday, January 27, 2018. It will connect with partner Blockchain Centres in Australia and Asia. […]
Economy
Lithuanian Railways offers to rebuild dismantled track to Latvia by late 2019
Lietuvos Geležinkeliai (Lithuanian Railways) has submitted to the European Commission a plan for rebuilding a dismantled railway track from Mažeikiai, a town in northwestern Lithuania where Orlen Lietuva‘s crude refinery is located, to Rengė, in Latvia, by the end of 2019. […]
Economy
Lithuania tops list of emerging economies in WEF’s inclusive development index
Lithuania remains at the top of the list of the world’s emerging economies in the Inclusive Development Index published by the World Economic Forum for the second time. […]
Economy
Lithuanian scientists’ solution for shaky hands condition hits the market
ViLim Ball technology created at a Lithuanian startup company Fidens helps to reduce uncontrollable shaking hands, which is one of the symptoms of essential tremor. The technology is effective in 7 out of 10 cases, and it can also be used to alleviate morning stiffness of joints for rheumatoid arthritis sufferers the Kaunas University of Technology wrote in a press release. […]
Economy
Economy
Chinese FinTech startup PanPay has arrived to Lithuania
The Startup Visa programme initiated in Lithuania nearly a year ago to attract foreign talents to Lithuania has gained momentum. The geography of young entrepreneurs aspiring to set up innovative startups in Lithuania stretches from China to the United States of America, and their business ideas are as good as prominent global business models. Lithuania is a state offering exceptionally favorable conditions for financial technology startups, Enterprise Lithuania writes in a press release. […]
Economy
Health Minister sees no sense in sugar tax amid plans to improve product contents
Sugar tax is not planned in Lithuania for now, as the content of sugar in products should be reduced through agreements with manufacturers, Health Minister Aurelijus Veryga says. […]