The idea of building a metro network in Vilnius, which some in the city have been considering for many years, could be implemented using exclusively private investment without any government funds, according to supporters of the idea. They also claim that several foreign companies have expressed interest in building a metro system for Vilnius. […]
NASA scientists are looking at using a technology invented by Dr Arminas Ragauskas, professor at Department of Telecommunications at the Kaunas University of Technology, to detect head injuries among astronauts. […]
Lithuanian businessman Žilvinas Marcinkevičius, one of the founders of the Vilniaus Prekyba group, which controls the largest retail chain in the Baltics, Maxima, and many other companies, will be leaving the group. […]
The Lithuanian labour code is outdated and is constantly drawing criticism from both foreign investors and international organisations, the Investors’ Forum said yesterday. […]
About a third of all taxi drivers in Vilnius are working illegally, according to an investigation by the city’s municipality. Although drivers mark their cars as taxis, many do not meet official requirements. […]
Some public procurement contracts signed in 2014 between Vilnius Municipality, then under the direction of former Mayor Artūras Zuokas, and private companies were illegal and should be annulled, said the Public Procurement Office. […]
Lithuania’s economic growth was lower than initially estimated in the final quarter of 2015, the latest figures from Statistics Lithuania showed on Monday. […]
On Thursday 18 February, the European Business Network (EBN) invited Lithuanian lawyer Ernesta Seiliūtė to speak about intellectual property and data protection in Lithuania. Seiliūtė is a lawyer with IPnovus Law, an international law firm specialising in intellectual property. Pirated software and other dubious programs can lead to poor data protection and data breaches, which can be extremely costly for businesses and individuals alike. […]
If Lithuania made its tax system more transparent, like Estonia‘s, it could collect about €2.5 billion more to its coffers each year, says economist Raimondas Kuodis, deputy chairman of the Bank of Lithuania. […]
Three instant credit companies have been sanctioned by the Bank of Lithuania for failing to properly vet their clients’ credit worthiness. […]
On Wednesday, the Vilnius city council decided against considering a “pillow tax.” 16 voted for considering the change, 9 voted against it, and 16 abstained. […]
Hanner Real Estate is to invest €30 million building a new 20,000 sq metre business centre in Vilnius’ financial district. […]
Some chocolate bars from a shipment recalled by the American company Mars found their way into Lithuanian shops, the company’s representatives said on Wednesday, retracting earlier claims that no possibly unsafe products were on the market. Lithuania’s food regulation authority says it is investigating the company for misleading consumers. […]
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