Gintarė Narkevičiūtė at the IFS Conference in 2016
Economy

Lithuanian business woman becomes a member of Istanbul Finance Summit board

How our future finances will look like? The 8th Istanbul Finance Summit will be held at Hilton Bomonti Hotel—Istanbul, between 27 – 28 September 2017, and will answer any concerning questions by offering great insights of what’s coming. Lithuanian business woman, CEO and Co-founder of Nexus Operations, Ltd., Gintarė Narkevičiūtė is invited to take a part for the second time. […]

Wizz Air airplane
Economy

Wizz Air to open Vilnius-Morocco route in November

Hungary’s budget airline Wizz Air will open a route between Vilnius and the Agadir resort city in Morocco in early November. […]

alcoholic beverages
Economy

Annual inflation accelerates again in July

Annual consumer price growth reached 3.9% in July. Meanwhile, the average annual inflation picked up to 2.3%, Swedbank announced. […]

Vilnius Tech Park
Economy

Global incubator 1776 selects Vilnius Tech Park to host Challenge Cup startup competition

Global Network for Innovation 1776 and Lithuania’s biggest ICT hub Vilnius Tech Park today announced they will join forces on 22 September in Vilnius to organise a local round of Challenge Cup 2017, an annual global competition around the world to identify the most promising startups that solve the world’s biggest challenges. This year Vilnius is one of 75 cities, where the competition is taking place, including Dublin, Athens, Dubai, Osaka. […]

No Picture
Economy

Lithuania’s Public Service reform: smaller staff, centralized selection

Lithuania will have fewer public servants, the selection will be centralized, their employer will be free to set salaries and reduce bonuses, however, they will have more days off and money for good performance, according to the reform initiated by the Interior Ministry that will still need approval from the government and the Seimas. […]

Lidl store
Economy

Food in Lithuania will never be as cheap as in Poland – PM

The accession of German-owned retail chain Lidl to Lithuania has pulled down the prices for food products in Lithuania, however, says Prime Minister Saulius Skvernelis, emphasizing they would never be as low in Lithuania as they are in the neighboring Poland. […]