Swedish Business Awards
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. […]

Mantas Radvila
Economy

Lithuanian game developer with 30m users aiming to triple revenue in 2015

With over 30 million downloads worldwide of their game development platform, Kaunas-based TutoTOONS is going from strength to strength. Established as a start-up two years ago by two Lithuanian game developers, the company now has 15 staff in Kaunas and Barcelona, and has ambitious plans for further expansion. One of TutoTOONS’s founders, Mantas Radvila, makes no secret of the fact that he had a chance to settle in the US and develop his business there, but chose Lithuania instead. DELFI, a Lithuanian media network, caught up with Mr Radvila to discover the reasons behind this decision, and what the secret of the company’s success is. […]

Aivaras Abromavičius
Uncategorized

Lithuanian minister in charge of making Ukraine economy more efficient: 400 ministry staff gone in 7 months

Many Lithuanians follow closely developments in Kiev, where Aivaras Abromavičius, a 39-year-old Vilnius-born businessman, has been put in charge of Ukraine‘s ministry of economy and trade. He is one of several foreigners invited by Ukraine’s current leadership who decided it takes an outsider to tackle corruption and inefficiency that plagues the country’s economy. […]

Economy

B2B News Network: Why Lithuania may be the next IT hotspot

Recently we have seen reports of B2B companies moving into Lithuania’s borders and setting up shop. Google is also establishing a presence in the small Baltic state. […]

Economy

Business trips expected to boost Lithuania’s tourism industry

The number of holiday-makers choosing Lithuania as their destination is falling, yet, there are increasingly more and more business tourists in the country, which allows expecting a modest growth in the sector in the upcoming 6 months, a Tourism Confidence Index compiled by the Confederation of Lithuanian Industrialists shows. […]

Michael Baum
Economy

Insights on building a billion-dollar company from Silicon Valley entrepreneur Michael Baum

Silicon Valley serial entrepreneur Michael Baum is coming to Kaunas University of Technology (KTU) to deliver a lecture and a pitching event. Baum is a CEO of 100 million worth investment company and startup academy FOUNDER.org which invests in student entrepreneurs from the world’s top universities and helps them build great companies. His lecture ‘The 8 Secrets to Building a Billion Dollar Company’ will take place on Tuesday 17 February. […]

No Picture
Economy

Third of Lithuanian enterprises innovate

In the European Union, just under half (48.9 percent) of enterprises of 10 employees or more reported innovation activity during the period 2010-2012. The proportion of innovative enterprises in the EU dropped in 2010-2012 compared with both 2006-2008 (51.5 percent innovative enterprises) and the peak recorded in 2008-2010 (52.8 percent). This pattern was observed in the majority of Member States, Eurostat, the statistical office of the European Union, announced based on the Community Innovation Survey 2012. […]

Lauri Koponen
Economy

KTU Executive School: Tailor-made competences for business

Every businessperson in his of her life has encountered a situation when they need to upgrade their competence package. However, usually there is no time for proper studies, and the quality of available lectures by individual speakers is often compromised. Lauri Koponen, Head of KTU Executive School says that business breakfast, popular in Scandinavian countries, is a good solution for this problem. […]

No Picture
Economy

Lithuanian business start-ups to expand despite slowing economy

With the country’s economy growing slower than expected, most business start-ups in Lithuania are taking advantage of the situation in the domestic market. While the country’s largest companies are estimating the consequences of Russia’s embargo, Lithuanian business start-ups are planning to further increase their sales volumes within the coming six months and recruit new employees to satisfy the growing demand, the bank DNB said in a statement. […]

No Picture
Economy

The Economist: Lithuania lags behind Baltic states in terms of business conditions

Lithuania lags behind Estonia, Poland and Latvia in terms of business conditions, according to a new rating by the Economist Intelligence Unit. […]