Lithuania plans to establish anti-money laundering competence center

Lithuania plans to establish an anti-money laundering competence center as the Nordic and Baltic region has been hit by several money laundering scandals in recent years.

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Minister: direct EU payments to farmers should be capped at EUR 100,000

Direct EU payments to Lithuanian farmers in 2021-2027 should be capped at 100,000 euros, Agriculture Minister Andrius Palionis says, adding that they will be 50,000 lower compared to the existing financial perspective.

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To start or not to start fintech company during recession?

Microsoft, IBM, HP, Disney, FedEx, 3M. What do these companies have in common? They started their business during a recession.

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Lithuania asks Slovenia to hand over detained businessman Kucinskas

Lithuania's Prosecutor General's Office has asked Slovenia to hand over Vidmantas Kucinskas, the founder of the Arvi business group, who has been recently detained in the country.

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Sapoka: country's economy is withstanding pandemic challenges very well

Lithuania's economy is coping very well with challenges induced by the coronavirus crisis, and the latest figures are a cause for cautious optimism in the second half of this year, Finance Minister Vilius Sapoka says.

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Zalatorius steps down as head of Lithuania's banking association

Mantas Zalatorius, suspected of corruption, is stepping down as head of the Association of Lithuanian Banks. He was temporarily suspended in June after suspicions were brought against him.

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Coronavirus-triggered economic crisis less severe than in 2009

Lithuania's gross domestic product contracted by 3.7 percent in the second quarter of 2020 from a year ago to 11.5 billion euros at current prices, the country’s statistics office said on Thursday.

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Kucinskas is under investigation in Lithuania as well

Vidmantas Kucinskas, the founder of the Arvi business group who has been recently detained in Slovenia in response to Russia's request, is also under investigation by Kaunas Regional Prosecutor's Office, Elena Martinoniene, spokeswoman for Lithuania's Prosecutor General's Office told BNS.

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Sources: Game Insight hit by Chinese hackers

Game Insight, a Lithuanian developer and publisher of free-to-play mobile games and social-network games, has been hit by Chinese hackers, two separate sources told BNS after the US Justice Department reported about the Chinese hackers' actions.

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Lithuania files new EUR 240 mln lawsuit against Veolia and Icor

Lithuania's Energy Ministry has filed with a Lithuanian court a new lawsuit worth over 240 million euros against French energy group Veolia and Icor, a Lithuanian business group owned by natural persons, and persons related to these companies for the compensation of damage done to Lithuania, Vilnius Regional Court confirmed it to BNS on Thursday.

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Economist: poverty drop in Lithuania is result of social policy

As the number of people living below the poverty line dropped in Lithuania last year, economist Rimantas Rudzkis says it reflects shrinking social inequality in the country and is a result of the state's social policy.

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Vilnius Airport plans more convenient ticket checks

Automatic self-boarding gates will be installed at Vilnius Airports early next year, and the airport hopes the novelty will help to step up passenger flows once they return to post-crisis levels.

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Four out of ten employees work in direct contact with clients, customers or patients

Eurofound’s analysis of the labour market in Europe shows that just over four out of ten (41%) of employees in the EU work in direct contact with clients, customers, users, patients or other service recipients. This ‘interactive service work’ is female dominated, with women accounting for 61% of workers – an overall imbalance that is very pronounced among frontline health workers, where 85% are women.

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Kormotech launches pet food plant in Lithuania

Kormotech, a family-owned pet food manufacturer from Ukraine, has completed its new factory in Lithuania. The wet pet food plant in Kėdainiai Free Economic Zone (FEZ) will help the company to increase production capacity and reach customers in other countries more efficiently. The investment exceeds €15 million.

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Kaunas transport firm becomes new coronavirus hotspot

Around 200 employees of Hegelmann Transporte are being tested for COVID-19 after 18 coronavirus cases have been recently registered in the Kaunas transport company, an official of the National Public Health Center (NPHC) said on Wednesday morning.

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18 truck companies and organizations call for zero-emission trucks

A newly-formed coalition of European key players in road freight urges the EU to accelerate the transition to clean trucks in order to meet the emission targets of the proposed EU Climate Law by 2030 and achieve a carbon-neutral Europe by 2050.

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Number of workplace deaths down by one-third

The number of workplace deaths in Lithuania shrank by 33 percent, or 7 cases, in the first half of 2020 from a year before, to 14 cases, figures from the State Labor Inspectorate showed on Friday.

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Unique integrated health monitoring system for stroke survivors patented in Lithuania

Group of biomedical engineers from biotech company Gruppo Fos Lithuania together with researchers at Kaunas University of Technology and Lithuanian University of Health Sciences have patented technology for advanced health monitoring of stroke survivors.

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President hopes for fair distribution of EU recovery fund

Increased financing for the European Union’s (EU) cohesion policy is one of the biggest expectations of the Baltic countries as regards the new Union’s multiannual financial framework, Lithuania’s President Gitanas Nauseda has said, also calling to ensure a fair and unbiased distribution of the proposed EU recovery fund.

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Lithuanian Airports regain their tempo

The three international airports of Lithuania summarised the results of the second quarter and rejoiced that the passenger aviation is returning to the usual pace. After the stressful period which was created by the pandemics caused by COVID-19, every day the airports provide services to more and more persons who want to travel, while the airlines renew more and more flights. Even though the peak in the number of flights and passengers during this period was recorded in June, it is expected that this July will demonstrate even better results, the Lithuanian Airports writes in a press release.

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