Economy
Lithuania’s real estate market ends summer with vigour
Although Lithuania’s real estate market in August 2015 was less active than in June and July, it was more active compared to August 2014. […]
Economy
Economy
Swedish Business Awards 2015, the first sustainable event in Lithuania
This year is an exceptional year for the Swedish Business Awards in Lithuania. The event celebrates its 10th anniversary. The ceremony of the Awards will become the first sustainable event in the country, organized in accordance with the requirements of ISO 20121:2012 standards. Moreover, the ceremony of the Awards will be honored by the presence of H.M. King Carl XVI Gustaf of Sweden, President of Lithuania Dalia Grybauskaitė and other prominent Lithuanian and Swedish business, science and political leaders. […]
Economy
Lithuania now a mature economy, says IMF
According to the International Monetary Fund’s (IMF) latest economic analysis, Lithuania has successfully transitioned from an emerging market into a mature economy. As such, the Baltic country is now considered to be in the same economic category as countries like Germany, the USA and Japan, Invest Lithuania reports. […]
Economy
Lithuanian airports step up search for explosives
Passenger screening procedures have been stepped up at the Lithuanian airports in Vilnius, Kaunas and Palanga since September 1, with some of the passengers subjected to additional checks for possible contact with explosives. […]
Economy
Space technology celebrities gather in Vilnius
Famous space technology experts are among the speakers of Vilnius Innovation Forum ‘Innovation Drift‘. Karol Joseph Bobko, an astronaut from United States will take part in the session dedicate to space technology. […]
Economy
Innovative products developed by Lithuanians to be presented at Vilnius Innovation Forum
From smart parts of satellites to brand new interactive wooden toys – Vilnius Innovation Forum will host the latest products made in Lithuania. Among them – mobile Parkinson‘s diagnostics application, virtual tutor platform, space shuttle electronics module, mobile apps that can be used instead of the usual conference equipment and many others. […]
Economy
AirBaltic opens five new routes from Vilnius
This week, Latvian airline airBaltic is opening five new routes from Vilnius International Airport, the airline has informed. […]
Economy
Lithuanian language commission rejects English signs on buses servicing Vilnius airport
The State Commission of the Lithuanian Language has not backed a public transport initiative to install Lithuanian-English direction signs on buses crossing central Vilnius and servicing the airport. […]
Economy
Lithuanian TVs carve up bigger pie as national broadcaster leaves advertising market
The Lithuanian TV industry’s revenues rose by 6 percent last year, with LNK posting the biggest growth and the TV3 Group recording a decline. This year is seen as a turning point as the public broadcaster LRT withdrew from the commercial advertising market, leaving a larger pie for commercial channels, the Verslo Žinios daily reports. […]
Economy
US market opened for Lithuanian meat producers
Lithuanian businesses will be able to export meat and meat products to the USA, according to a 31 August regulation prepared by the Food Safety and Inspection Service (FSIS) of the US Department of Agriculture. […]
Economy
Economy
Innovation investor Nicklas Bergman: ‘Curiosity drives human development’
Futurist Nicklas Bergman has been investing in new technology for over 20 years. He cooperates closely with Washington-based think tank Tech Cast and Lund University. Mr. Bergman will talk about future technology in Vilnius Innovation Forum 2015, organised by the Ministry of Economy of Lithuania and the Agency for Science, Innovation and Technology. The expert will discuss the changing relationship between the society and technology and its importance to our lives. […]
Economy
Third of Lithuanian workers would swap guarantees for higher pay
A third of Lithuanians would exchange guarantees at work for a higher salary, shows a poll commissioned by DELFI. Economists say this is nothing out of the ordinary, as people want compensation, while others say this indicates poverty of the working population. […]
Economy
Tourism industry holds key to Lithuania’s service export
To completely refocus on the West or, given accrued expertise and familiarity with the neighbours’ mentality, spend additional resources on the East? Entrepreneurs in many industries ask these questions while analyzing economic and financial indices as well as public moods in neighbouring countries. Tourism sector is no exception. […]
Economy
Lithuania’s GDP up by 1.4% in Q2 2015 y-o-y
Based on more comprehensive business, tax and price statistics, in the second quarter of 2015, GDP at current prices amounted to EUR 9,284.7 million, Statistics Lithuania reports. […]
Economy
Lithuania to export meat to US
United States officials have confirmed on the phone to the agriculture minister that Lithuania will receive permits to export meat products across the Atlantic. […]
Economy
We are incapable to take what has been put on our plate – Grybauskaitė on Rail Baltica
President Dalia Grybauskaitė says the Ministry of Transport and Communications and the Government are responsible for the loss of European funding for the Rail Baltica signalling system. Moreover, the inability to prepare attractive funding project for Brussels shows poor communication with the European Commission (EC). […]
Economy
Lithuanians do not expect positive economic changes in near-term
The Lithuanian Consumer Confidence Index (CCI) remained negative in August – more people claimed that their household’s financial situation worsened or remained the same, while one in ten predicted unemployment to rise in the next 12 months. […]
Economy
First maker space in Baltic states opens in Vilnius
3D printers and scanners, laser cutters, router machines, cutting-edge computers and an electronics lab: all this has become available in the newly opened Green Garage, the first professional maker space in the Baltic states. The equipment in the workshop is worth €300,000 and is available to everyone who is interested in technology, has ideas or wishes to create something new, Green Garage press office informed. […]
Economy
Ministry of Transport to seek operator for e-correspondence system
The Lithuanian Transport Ministry will seek an operator for an electronic document and message delivery system that will be launched next year, allowing public institutions to stop sending letters by conventional post. […]