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. […]
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. […]
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? […]
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. […]
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. […]
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. […]
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. […]
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. […]
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. […]
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. […]
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. […]
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. […]
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. […]
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. […]
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. […]
The General Data Protection Regulation, or GDPR, may sound like one more arcane package of rules coming from Brussels, but saying it’s “a big deal” does not even begin to cover it. The directive will affect every company inside the EU, as well as those outside the EU, doing business with EU citizens when it comes into effect on 25 May. Preparing for it requires quite extensive legal and IT resources. Aurelija Rutkauskaitė, attorney at the legal firm Triniti, and Stein Ove Sektnan, managing director at customer relations management firm SuperOffice, acquainted the attendees of the monthly European Business Network business breakfast with the challenges of meeting the GDPR and offered tips how to deal with them. […]
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