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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 geare...
Lithuania's Ministry of Economy to distribute €10 million from EU funds to foreign companies willing to invest in research in the country.
The Director General of Enterprise Lithuania, Mantas Nocius, has announced he will resign on 9 November, citing personal reasons.
Marketing manager at Google Regimantas Urbanas says that internet enables direct service sharing; customers can get the necessary service from other customers. In this sense technology coerces businesses to improve, make creative decisions and communicate with their customers personally. Urbanas sha...
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...
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 instituti...
The Lithuanian and Israeli businesspeople, diaspora members and people interested in fostering relations with Lithuania will meet for the seventh time this October in the World Lithuanian Economic Forum.
Saulius Skvernelis, Minister of Interior of Lithuania, instructed his staff to draft a new procedure which will significantly ease and speed up the process for non-EU companies planning to invest in Lithuania.
The Bank of Lithuania with the Ministries of Economy and Finance have formulated and submitted to the Government proposals for measures whose implementation is expected to promote small- and medium-sized (SMS) business financing in Lithuania through the use of capital market instruments, the Bank of...
Lithuanian President Dalia Grybauskaitė made her annual State of the Nation address at the Lithuanian parliament, Seimas, on Thursday. In her speech, the president mostly focused on national defence, security challenges stemming from Russia's aggressive policies, as well as emigration of working-age...
A joint meeting entitled Building a Baltic Tourism Region - Investment for Tomorrow was held by the Economics, Energy and Innovation Committee, the Education, Science and Culture Committee, and the Welfare Committee of the Baltic Assembly in Jurbarkas, Lithuania. Keynote speakers of the meeting focu...
Estonian national carrier Estonian Air will make 11 round trip flights per week on the Tallinn-Vilnius route starting on Monday instead of the current six round-trip flights per week after Air Lituanica announced of stopping operations.
Bentley Systems, a global software supplier that opened its first office in Lithuania 10 years ago, is expanding and opening a new office in Kaunas, reports Invest Lithuania, the country's state investment promotion agency.
The Germany-based Klasmann-Deilmann Group has announced EUR 11 million worth of investments in Klaipėda County, Lithuania. The company is to build a further state-of-the-art production line for manufacturing peat products and growing media for the worldwide commercial-horticulture sector. Its intend...
Amendments to the Law on Public Service have been submitted to the Seimas (parliament) on the initiative of President Dalia Grybauskaitė. The amendments seek to prevent public servants from signing additional work contracts with their own employers, to prevent them from cashing-in on public service ...
2014 proved to be a record year for Invest Lithuania, the nation’s foreign investment development agency, with 29 foreign companies deciding to establish or develop their businesses in Lithuania. Altogether almost 2,000 new jobs are planned over the next three years.
Key challenges for Lithuania’s economy next year will include the weakening purchasing power in Russia, competition in the euro area as well as sluggish investment into the expansion of manufacturing, the finance minister has said.
Jurgita Kazlauskienė has been selected to head the State Tourism Department (VTD). Up until now, she worked as the deputy president of the European Spas Association, also led the Lithuanian Spas Association.
Lithuania's Minister of Foreign Affairs Linas Linkevičius met with the Japanese delegation visiting Lithuania on 1 December, the ministry said.
On Wednesday the Government approved the proposal of the Ministry of Economy to obligate the State Department of Tourism to establish licensing procedures for travel agencies.
