CGTrader, one of the largest 3D model marketplaces globally, has raised EUR 2 million in funding to scale the business and serve the rapidly growing demand for 3D models. The investment round was led by Karma Ventures, with participation by CGTrader’s current investors Intel Capital and Practica Capital. […]
President Dalia Grybauskaitė says she has been informed by the European Commission that Lithuania will receive aid to help cover losses caused to its farmers by heavy rains earlier this year. […]
Lithuania will recalculate damages caused to the state by heavy rains last summer as farmers’ losses due to the natural disaster are too low to qualify for EU aid, Lithuanian Interior Minister Eimutis Misiūnas said on Tuesday. […]
Lithuania’s parliament on Tuesday approved the 2018 budget, the first budget in the country’s history with the government sector’s revenue expected to top the spending, and Lithuania finally meeting its commitment to NATO of earmarking 2 percent of the gross domestic product (GDP) to defence. […]
Although residents of Lithuania still think that many areas in the country are badly affected by corruption, the past few years marked a significant decline in the number of cases they faced corruption, shows the latest Eurobarometer survey. […]
Lithuania’s budget for the next year is more socially sensitive and responsible, says Mindaugas Lingė, senior interior policy adviser to President Dalia Grybauskaitė. […]
Two applicants – Icor’s engineering product and solution company Axis Industries and Vilniaus Nacionalinis Stadionas (Vilnius National Stadium) – have submitted final offers for the concession tender of the national stadium complex next to the Akropolis mall in Vilnius. […]
Lithuanian Finance Minister Vilius Šapoka expects that the country will become a member of the Organization for Economic Cooperation and Development (OECD) next year. […]
Opportunities for organising business events in Lithuania are attractive not only to European countries, but also to the USA, Canada and Australia. Those seeking new business tourism destinations believe that the main strengths of Lithuania are the country’s security and sustainability, implementation of innovations, professional employees and even progress in the area of gastronomic tourism, a press release from the State Department of Tourism says. […]
Lithuania’s parliament has raised the basic tariff used for calculation of salaries of staff of budgetary institutions, civil service, officers, judges and politicians for the first time in nine years. […]
Delfi, a subsidiary of Estonia’s media group Ekspress Grupp, is selling its magazine publishing business to GM Media Invest, a company controlled by Gitana Markovičienė, the buyer and CEO of the Lithuanian news agency ELTA. […]
A European Monetary Fund (EMF) that is proposed to be set up to more rapidly respond to financial difficulties in the Eurozone would benefit Lithuania in that the country would become more resilient to economic shocks, analysts said on Wednesday. […]
The European Commission proposes to transform the 500-billion-euro European Stability Mechanism (ESM) into a European Monetary Fund (EMF) to more rapidly respond to financial difficulties in Eurozone member states. […]
All Lithuanian children will each receive a monthly benefit of between 30 and 58.5 euros next year. […]
Lithuania’s excise duty on diesel fuel will rise next January and a hike in the tax on tobacco products will follow in March. […]
The Lithuanian parliament voted on Tuesday to keep a reduced 9 percent VAT rate on district heating in place indefinitely in a move that means that the cost of heating for around 700,000 households living in multi-apartment buildings can only change because of fuel prices. […]
Hot on the heels of issuing of the Europe’s fastest e-money (EMI) license to the numerous global tech companies, Lithuania has announced it will host Europe’s first international Blockchain Centre. The Centre’s mission: to unlock economic and social value by applying blockchain technology to business, finance, and public administration, a press release from the Blockchain Centre states. […]
When it comes to the labour market in Lithuania, now the employees are calling the shots, while most employers need to compete to attract and retain talent. In the sellers’ market, employers should not approach hiring like courting – instead of trying to find Mr or Ms Perfect, they should settle with an acceptable candidate and then invest into developing them into a perfect fit for the company, is the advise offered by recruiting specialists from Lithuania’s biggest recruitment and HR agency at their monthly EBN business breakfast. […]
Nobel Prize winner and Yale Professor Robert Shiller overshadowed the entire Fintech Conference on Thursday in the Radisson Blue in Vilnius. More than 500 policy makers, academics and business representatives from Lithuania, the United States, Sweden and several other countries attended the conference addressing various future impacts on financial transactions in the Radisson Blue. […]
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