Economy
Lithuania drops to 30th place in world competitiveness rankings
Lithuania has fallen to 30th place in the latest annual IMD World Competitiveness Rankings for 2016 though it remains a regional leader. […]
Enterprise Lithuania
CORPORATE
Why Lithuanian startups don’t target agriculture
Agriculture has proven fertile ground for innovators and developers of smart solutions as well as investors eager to put their money into new technology. However, Lithuanian startups have so far shown little interest in the field. […]
CORPORATE
Enterprise Lithuania selects new general manager
Rūta Pentiokinaitė, the acting general manager of the Enterprise Lithuania nonprofit organisation, has won the competition to become the organisation’s official general manager. The Ministry of Economy announced Pentiokinaitė’s appointment on Wednesday. Enterprise Lithuania is […]
Economy
Eurozone growth to drive 5% jump in Lithuania’s exports in 2016
Lithuania’s exports are expected to jump 5% to €11.1 billion in 2016 driven by stronger economic growth in both the Eurozone and Scandinavian countries, according to Enterprise Lithuania’s latest projections. […]
CORPORATE
Conquering Scandinavia presents new challenges for exporters
Lithuanian entrepreneurs have been turning away from Russia as their primary market for exports and setting their sight on the Nordic countries. However, different rules apply in Scandinavia, with easy profits hard to come by. […]
Economy
Lithuania to target 10 priority export markets
A list of priority export markets was approved in Lithuania’s Ministry of Foreign Affairs Economic Diplomacy Council on Tuesday. […]
Economy
Head of Enterprise Lithuania resigns
The Director General of Enterprise Lithuania, Mantas Nocius, has announced he will resign on 9 November, citing personal reasons. […]
Economy
Supervision of Lithuania’s tourism sector insufficient, auditors say
Implementing the Public Audit Programme of 2015, National Audit Office of Lithuania has already conducted one third of the financial (regularity) audits and prepared their reports. The report of the audit of the Ministry of Economy has been presented to the public – how Ministry as well as institutions under the Ministry performed the delegated functions and used the funds allocated for the implementation of various programmes during 2014, the Office reports. […]
Economy
Former head of Skype Tallinn: Vilnius is among Top 10 cities for startups
The former head of the Skype office in Tallinn, who established a start-up helping other start-ups find the best place to develop their businesses, has noticed that Vilnius distinguishes itself among other European cities for its suitability for developing new business. […]
Economy
The rise of Lithuania as a force in IT: Why Google and Nasdaq are investing here
The tech sector thrives in this Baltic state, and education in the STEM field is at the core of its growth. […]
Economy
Lithuanian startup ecosystem – pool of opportunities for foreign and local startups and VCs
Lithuanian startup arena has been heating up in recent years. Friendly business environment, relatively low taxes, advanced IT infrastructure, favourable relocation conditions have mightily influenced the increasing number of startups, foreign investment and community events. […]
Global LT
Lithuanian professionals from New York and Chicago join forces
The Global Lithuanian Leaders network, a worldwide organization for Lithuanian professionals, recently collaborated with the Enterprise Lithuania group and made a visit to the United States at the end of April. […]
Foreign affairs
Lithuania steps up cooperation with China’s Shandong Province
On 18 May in Vilnius, Deputy Minister of Foreign Affairs of Lithuania Rolandas Kriščiūnas and Vice-Governor of Shandong Province Xia Geng opened a business forum, which was attended by about 50 representatives of Chinese enterprises and 70 representatives of Lithuanian companies. Business meetings were also held and interests of the two countries were presented. […]
Global LT
Economy
Lithuanian government wants 40 percent of export production based in regions
The Lithuanian Government and business promotion organizations want to achieve the goal of producing 40 percent of the country’s export production in the regions by the end of this decade. Around two fifths of new businesses are sought to be established in Lithuania’s regions. […]
Economy
2014 record year for Lithuanian startups
On 5 February, Enterprise Lithuania hosted its annual startup event Startup Lithuania Overview 2014. During the event, the highlights of Lithuania Startup Ecocystem of 2014 were announced and awards were given to the teams that achieved the most in 2014, Enterprise Lithuania reports. […]
Economy
Lithuanian startups attracted EUR 46m investments in 2014
Disproving the widely popular opinion, startups in Lithuania are no longer a sphere for students. The number of entrepreneurs with higher education has doubled in the last two years, while their average age has increased by two years. […]
Economy
Global Game Jam Lithuania: more than 60 games crafted in just one weekend
Global Game Jam is an annual, global marathon for game developers and enthusiasts also held in Lithuania. The event took place across three locations in Lithuania on January 23-25. The purpose of the marathon is to give a platform for professional game developers and enthusiasts. Event is seen as a natural space to meet up, build new relationships, share ideas and craft innovative games. […]
Foreign affairs
Lithuanian PM goes on visit to Oman
Lithuanian Prime Minister Algirdas Butkevičius, accompanied by a business delegation, is to leave on a visit to Oman on Monday. […]
Economy
Lithuania promotes itself as dental tourism destination in Scandinavia
Lithuania continues to rise in the consciousness of Scandinavians and Western Europeans as a proffered destination for elective dental health treatments. Vilnius dental clinic Odontika, the Baltic’s leading dental clinic for patients from abroad, has been active in promoting Lithuania to the Scandinavian market this winter. […]