Economy

Banksy painting Brexit
CORPORATE

Lithuania – new destination for UK financial institutions loosing “passporting rights” after BREXIT

January 9, 2018 EN.DELFI 0

As it is almost clear that that UK banks, investment managers, payment service providers and other financial institutions will lose their “passporting rights” to do business in the European Union, Lithuania competes in attracting international financial companies leaving the UK. The Northern country uses the opportunity to become the forefront of financial technologies in the region and there are many reasons to believe about this success. An attractive legal and technological environment, business minded and advanced supervisory authority open to financial market innovations, qualified and competitive workforce, opportunities to operate across the EU basing from Lithuania – that‘s what put Lithuania to one of the best places on the global FinTech map already now. […]

CityBee car on Vokiečių Str, Vilnius
Economy

CityBee grows fast in 2017 amid breakthrough in Lithuanian car sharing market

January 5, 2018 EN.DELFI 0

Lithuanian startup CityBee has tabulated its results for 2017, and it was a year of remarkable growth in size and popularity for the car sharing operator. Its cars are now available in several of the country’s cities, the community of users of its services now numbers more than 100 000, and the total distance customers have driven is now in the millions of kilometres, a press release by the company states. […]

No Picture
Economy

Natural gas prices for small consumers in Lithuania fall 8 pct, unchanged for others

January 2, 2018 BNS 0

Natural gas prices for almost half a million Lithuanian households that use the fuel for cooking fell by almost 8 percent on Jan. 1, 2018, but prices for consumers using it to heat their homes remained unchanged from last year’s levels. […]

Bootleg alcohol distillery in Plungė region
Economy

Shadow activity in Lithuania’s spirits market on increase – report

December 28, 2017 BNS 0

The overall scale of shadow economy in Lithuania is on the decline amid an improving economic situation, but shadow activity in the strong alcoholic drinks market is growing due to increased excise duties, according to a report by the Lithuanian Free Market Institute (LFMI). […]

Rubbe in action
Economy

Inventor G. Nemanis: as the company grows, best jobs remain in Kaunas

December 19, 2017 Lithuania Tribune 0

Kaunas citizen Gediminas Nemanis turned his electric bike gear “Rubbee” into one of the most successful startups in Lithuania. An excellent debut on the crowd-funding platform “Kickstarter”, a team of enthusiasts and attracted investors allowed the invention to make its way to success and gained recognition on the global electric bike market. Gediminas, the inventor and “Rubbee” project developer, tells us how the idea of “Rubbee” was born, how it developed and how it looks now. He also talks about the ecosystem of the startups and the road from the idea to the success story, Kaunas In reported in a press release, Kaunas In wrote in a press release. […]

Christmas bonus, still in Litas
Economy

Are Christmas and year-end bonuses a given in Europe?

December 19, 2017 EN.DELFI 0

How many employees receive a Christmas bonus (13th salary) and year-end bonuses? What is their average amount? Paylab took a detailed look at the standards and conventions in individual European countries where this international salary portal maintains a strong network of local salary portals, Paylab reported in a press release. […]