Cujo
Economy

US startup Cujo to open new development centre in Lithuania

Cujo, which was named as one of the hottest up-and-coming startups at this year’s TechCrunch Disrupt conference, is setting up operations in Lithuania. […]

Barclay's
CORPORATE

Barclays to open new start-up hub in Vilnius

Barclays is to open a new “Rise Vilnius” start-up hub in Lithuania’s capital this summer. […]

TableAir
Economy

Lithuanians stand up to competition with TableAir

The world cannot decide which is better – working while standing up or sitting down so a team of Lithuanians have created a desk, TableAir, that automatically adjusts to the user’s needs. […]

Minister of Economy Evaldas Gustas
Economy

Startup investment fund planned by Ministry of Economy

The Ministry of Economy is planning a potential investment fund that would provide seed capital and co-investments to newly formed small and micro businesses, or startups. The measure being considered to form the fund would also help develop the alternative First North market, a stock exchange geared towards smaller companies in the Nordic region, by preparing those companies to enter the regulated securities market. […]

De-industrialisation was the most painful for older workers. The employment service has directed these men to do community service at the local water supplier (photo by Dalia Mikonytė)
Society

Creativity and boredom in a Lithuanian town coping with globalisation

Having joined the eurozone this year and successfully advertised its natural and urban wonders, Lithuania has become a new darling of international travel ‘listicles’. Its brushed-up capital, ambitious start-ups and emerging foodie hotspots make many visitors wonder if this is really one of the poorest countries in the European Union. Much of the country’s hardships, however, have been cushioned by de-industrialised peripheral towns – like Alytus. Having lost most of its industries, the town is looking for new, global inspiration. […]