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Lithuanian start-up Omnisend contributes more than 30.000 EUR to combat the coronavirus, will seek to aid small businesses

Created in Lithuania and having obtained worldwide recognition, the integrated marketing tool Omnisend has decided to contribute 30 thousand euro to combat the coronavirus and its impact. The company seeks to help thus small businesses, which have lost their income, offering its services free of charge or at half price.

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No to social distancing!

Saying the term “social distancing”, and everybody will understand you are talking about the COVID-19 pandemic, Prof. Robert van Voren, Director of the Andrei Sakharov Research Center for Democratic Development at Vytautas Magnus University wrote.

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Hoptrans helps to supply equipment for medics fighting the coronavirus

The logistics company Hoptrans (Lithuanian capital company), in line with a special order from the government, has successfully organised forwarding of the medical protective equipment from China to Lithuania, to be supplied the country’s medical personnel currently battling the coronavirus, according to the press release from Hoptrans.

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Art and cultural collectables auction ARS VIA is expanding into digital space

Last Thursday, March 26, the auction house ARS VIA organised an art and collectables auction. Of course, just like the absolute majority of Lithuanian companies, our auction house ARS VIA and its staff are experiencing the negative impact of the quarantine on our activities.

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B. Čaikauskaitė. Leadership during a crisis: how to remain a leader to the end?

The third week of us living under quarantine has reached its midpoint. And while the situation in Lithuania isn’t the worst, we are already beginning to feel the social, economic and psychological impact of the COVID-19 virus.

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E-shop numbers jump amid the national quarantines

After the announcement of the nationwide quarantines, many companies had to rethink their business models and shift to the e-commerce sector.

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Part of the ‘Paysera LT’ office building is used for storing quarantine food supplies

Since the quarantine in Lithuania was extended until the 13th of April, more private businesses join forces and try to help not just their employees but also other people, medics, and NGOs in need.

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Creditinfo opens possibility for citizens to check their credit ratings

The credit bureau Creditinfo Lietuva, which constantly analyses citizens’ debt and financial commitment fulfilment situation, has urged during the quarantine period to be especially careful in managing personal finance.

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Innovative solution helping reduce stress in the logistics sector

Due to the current Coronavirus crisis, supply chains everywhere in the world are being disrupted, and the logistics sector is dealing with unprecedented challenges. Cargo Stream – a logistics management system established in Lithuania, is proposing a solution for taking care of today’s problems. The innovative logistics platform allows to optimize logistics processes and utilizes the potential of communication between the carriers, recipients and logistics companies.

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Žygimantas Pavilionis. A bad workman always blames… Brussels

On 22 March 2020, Lukas Savickas, Advisor to the Prime Minister of Lithuania, having ultimately failed to become minister, solemnly announced the receipt by Lithuania of the first batch of support from the communist China. The country was going to help us all fight against… the virus, whose outbreak had been denied for a long time in China itself by the ruling communist power.

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Algis Krupavičius. Delegitimization or is the European Union withdrawing?

Pandemic surrounds us. More than 2 billion people around the world are now in self-isolation. The world closes up, though China is gradually opening up. But Europe has closed off. Perhaps except Sweden.

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Quarantine strikes a blow to everyone: how will this impact the “Farmers’” ratings?

The ruling coalition has to try and handle a crisis of unprecedented scale. However, how will this influence the ruling “Farmers’” ratings? Political scientist Rima Urbonaitė says that even the psychological wellbeing of people pressured by financial difficulty could have an impact. However, political scientist Lauras Bielinis is certain that even if welfare declines, people will understand that this is not the fault of the government.

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Strong start for the grain sector this year, COVID-19 becomes a variable

For Lithuania, which essentially grows grain for export and only consumes a small portion of it domestically, 2020 began favourably. The winter was warm and mild and the plentiful as never before winter crops were watered in good time in by spring rain, thus weather conditions to grow a good harvest this year are favourable. Nevertheless, what corrections the coronavirus, “shutting down” country after country in its wake, could cause is still uncertain.

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With COVID-19 shaking up markets, Lithuanian farmers are advised to sell part of their harvest at higher prices

With COVID-19 slowing the global economy, investors are beginning to turn to classes of property that are currently more stable, this including grain. Seeking to ensure sufficient financial flows for the country’s farmers and the vitality of their activities, we have proposed them an opportunity to set the price of 40-50% of their upcoming grain harvest at a fairly high point. This week, we presented a proposal to our partner grain growers to consider such a possibility.

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Vytenis Andriukaitis. The coronavirus – 10 things that Lithuania must know

The COVID-19 case statistic for 8 billion people in the planet as of this Monday morning – 723,594 detected cases. 33,998 people have died and 151,824 have recovered.

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Survey: 46 percent of companies and organisations have operating crisis management teams

Professional Partnership of Advocates “Deloitte Legal” conducted a survey of companies and organisations operating in a country, which shows how businesses are prepared to face the challenges of COVID-19 and how the pandemic related crisis will affect business results.

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Don’t want a long quarantine: the blow to the economy is already massive, requests for support flooding in

While the quarantine has been extended in Lithuania to April 13, Kazlų Rūda municipality Mayor Mantas Varaška believes that it and the economic halt caused by it can only be continued for a week at most. He believes that individuals outside the risk group could return to their activities as there’s a need to restore internal consumption.

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Ozas owners NEPI Rockcastle donates to the Red Cross, tenants in Lithuania – to medics

The COVID-19 wave has reached Europe and is motivating the business community to unite for a common cause. The owner of the capital’s shopping and entertainment centre Ozas, Leading Central and Eastern European real estate investment group NEPI Rockcastle has already allocated aid for the International Red Cross organisation, the tenants of shopping centres in many countries are also contributing with local initiatives, and this is also the case in Lithuania.

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J. Olekas. European Parliament allocates 1.5 billion euro for Lithuania

On March 26, at the European Parliament, we almost unanimously approved three pieces of emergency legislation, which will ensure a joint EU response to the COVID-19 outbreak. 1.5 billion euro has been allocated for Lithuania, and it is important that this funding is effectively and immediately made use of, Juozas Olekas, social democrat and a member of the European Parliament wrote.

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Dairy manufacturers: halting milk imports would collapse the entire dairy sector

The Ministry of Agriculture subordinate Veterinary Service is taking steps, which could completely halt high-quality milk import from Latvia and Estonia, thus collapsing Lithuania’s whole dairy sector and causing a “dairy war” between the Baltic States, dairy manufacturers say.

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