The topic of the welfare state gained more attention in the country last year, when the incumbent Lithuanian President Gitanas Nausėda shared his vision of Lithuania as a strong, just, green and innovative welfare state, […]
Manufacturers in Europe struggle with new automation and robotisation solutions as the technologies they deploy do not provide the desired return on investment and often end up standing idle. Torsten Christensen, partner and co-founder at […]
What are the global FinTech trends in 2021 since the sector has faced multiple challenges in the last year. Like many other industries worldwide, the finance sector lost its workforce, and many businesses had to […]
On the proposal of the Bank of Lithuania, the European Central Bank (ECB) has issued a specialised bank licence to a neobank, SME Bank, to be established by SME Finance. As previously planned, SME Bank […]
Investor Marius Jakulis Jason has consolidated the shares of UAB AAA Holdingas. Going forward, all company shares will be owned by IKKB Mūsų Ateities Investicijos, which manages the Jakulis Jason family property, and the philanthropic […]
The Competition Council of Latvia has adopted a resolution allowing Linas Agro Group to implement the concentration and acquire the companies belonging to KG Group. The decision was made by the Latvian Competition institution after […]
For the retail sector, the beginning of the COVID-19 pandemic in 2020 meant emptied shelves and an incredible demand for toilet paper, cereals and pasta. With the initial panic over, shoppers are now adopting a […]
More than 4% of people around the world over the age of 40 suffer from essential tremor causing involuntary hand shaking. A Lithuanian healthtech and the medical technology startup “Vilimed”, located in Kaunas Science and […]
After the collapse of the Soviet regime, the Lithuanian passenger transport sector fell into stagnation and still hasn’t recovered: the market is fractured and passenger transport development has ground to a halt. This situation is […]
The worst-case scenario has been avoided, but at least in the near future, there will be little good news. This is how the EU-UK economic Brexit agreement could be described, lrytas.lt announced. While there is […]
Lithuanian Airports have announced that the medical testing company „Rezus.lt“ has won a public tender to provide Coronavirus testing services at the country’s airports. Coronavirus testing is scheduled to begin near Vilnius Airport by the […]
In 2019, companies, working in the Lithuanian biotechnology sector, have shown a growth of 24% in revenue, exceeding 1 billion Eur. The sector is expected to maintain the same rapid pace in 2020 as well. […]
In terms of its housing market, Vilnius is often compared to the nearby city of Kaunas or the Baltic neighbours Riga and Tallinn just a short car journey away. Meaningful as it may be, it […]
Last year, Scania Lietuva maintained its position in the heavy transport sales sector, occupying 9 per cent of the market, and with 360 new Scania trucks registered in Lithuania. In 2020, the heavy transport market, […]
Despite placing a more considerable emphasis on sustainability and becoming Europe’s leader in plastic packaging recycling in recent years, Lithuania remains a below-average performer on the EU Eco-Innovation Scoreboard (ranking 22 out of 28). To […]
A few weeks ago, some of the participants at the new cabinet’s meeting must have been overtaken by a sense of déjà vu. It was a similarly urgent meeting in the weekend that the previous […]
For whom and what does the new Lithuania’s government programme promise? Across the 118 pages long programme, anyone could find accents of relevance to themselves – optimists can celebrate every page, while pessimists, as the […]
With favourable business conditions to grow, Lithuania is a home for many technology startups and established companies. One of the fastest developing sectors is fintech. Although 2020 was a challenging year for the country’s economy […]
With tighter lockdown restrictions imposed in Lithuania, small and medium-sized enterprises (SMEs) will face a dual challenge: on the one hand, companies will face cash flow issues, and on the other– potential lack of bank […]
The pandemic has closed borders and increased unemployment in Lithuania to levels not seen for several years. However, even give such a situation, a quarter more people immigrated to Lithuania compared to last year. The […]
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