Lithuanian citizens are entrepreneurial people, but specialists note that the creation of individual business most frightens them due to the potential for public failure and society’s limited tolerance for mistakes. The Amway Global Entrepreneurship Report […]
More and more Lithuanians are realizing their ideas with the help of crowd-funding platforms like Kickstarter and Indiegogo. Some of them are already planning for mass production following successful launch campaigns. […]
Creativity is at the heart of business success in the 21st Century era of smart technology rather than money. according to the president of the Lithuanian Confederation of Industrialists Robertas Dargis who was speaking at […]
Entrepreneurs in Lithuanian cities have the highest levels of optimism but the mood among companies is pessimistic in the country’s smaller cities and towns, according to a Citadele Bank business confidence survey carried out in […]
It took only six months for two Lithuanian entrepreneurs, Vilnius Malinauskas and Marius Bartkevičius, to establish a business and start exporting their products. Their company, Smells Like Spells, is making natural soy was candles and home fragrances which found a niche in the US, the UK, German and Latvian markets. […]
A growing number of self-employed people in Lithuania indicates the spread of the spirit of entrepreneurship, say economists. […]
Only about a third of the country’s entrepreneurs take active steps to achieve tangible results in looking for new business development opportunities, according to a new survey. […]
Entrepreneurial activity is booming in Lithuania’s three biggest cities – Vilnius, Kaunas, Klaipėda – and the coastal resorts of Neringa and Palanga, according to the 2015 Entrepreneurship Map from the Lithuanian Central Credit Union (LCKU). […]
The Small Business Act for Europe report shows that Lithuania exceeded the EU average in areas of entrepreneurship, administration, state support, public procurement, funding possibilities and the overall market situation. […]
Lithuanians would like to develop their own businesses, but many are afraid or simply do not have an idea for one, SEB Bank has concluded after carrying out a survey in the Baltic states. About one in ten Lithuanians have a business, whereas in Latvia and Estonia the share is twice as big. Many say they do not know enough about how to start a business. […]
Van Williams, CIO, chief of product engineering and manager of Virtustream development centre in Lithuania, says that the Baltic countries should be more active in attracting global funding. Also, he is convinced that the main asset of any business are innovative professionals, discovered and fostered by universities. […]
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. […]
Fionn Dobbin, entrepreneur and lecturer at Stockholm School of Economics in Riga, started his social enterprise after he heard a story about one unhappy woman. […]
According the European Commission, long-term investments clearly represent the important instrument while seeking the sustainable, advanced and integrated ensurance of European Union economic growth as well as the development of risk-resistant tomorrow’s economy. […]
Last year businessman and investor Igor Matsanyuk moved his team to Vilnius, Lithuania’s capital city. And at the beginning of the summer he himself moved to Lithuania’s capital. […]
Lithuania became a member of the European Union in 2004, and since that year almost 470,000 people have emigrated from the country. Now, many of the so-called “generation of independence” – the first generation of Lithuanians to be born after the collapse of the Soviet Union – are returning. And, with their degrees from prestigious universities and their experience working in international companies and organisations, they are having a big impact. […]
The Lithuanian weekly Veidas elected Manager of the Year. The 2015 award went to Andrius Rupšys, head of the company Ruptela UAB. […]
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. […]
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