Lithuanian airports’ aviation traffic results for 2021: the period of rapid recovery

In 2021, Lithuanian airports handled almost 2.5 million passengers, 37% more than in 2020, when they handled just over 1.8 million. According to aviation experts, in 2021, aviation flows at Lithuanian airports grew in almost all main categories, with the active phase of recovery starting in the middle of the year.

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Lithuanian startup launches predictive eye-tracking analytics for ad posters

Attention Insight, a pre-launch design analytics company offering AI-powered website and advertising campaign testing, has launched the market’s first tool for predictive attention testing on ad posters. The company’s predictive model, trained using data from more than 24,000 image data sets, simulates human attention and can provide marketing experts and agencies 90% accuracy in predicting users’ attention on poster designs, saving brands from the need to run their own eye-tracking studies.

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Seimas reject ruling block's bid to liberalize alcohol sale

The Seimas of Lithuania on Tuesday voted down the ruling block's initiatives aimed at liberalizing the existing rules on the sale of alcohol, regarding the age census and the time of sale.

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Bagdonavicius to lead birkle IT Lithuania and Latvia

To meet the goal of business expansion in the Baltics, birkle IT is proud to announce that Dr. Kestutis Bagdonavicius has joined as CEO of birkle IT Lithuania and Latvia in January 2021. Starting from now, Dr. Kestutis Bagdonavicius will also be Member of the Board of Management of birkle IT AG.

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Prototype electric passenger bus is being tested at Vilnius Airport

The prototype electric bus Dancer developed and manufactured in Lithuania is being tested for passenger transportation at Vilnius Airport. The prototype of a fully environmentally friendly vehicle, adapting the latest scientific discoveries, is being developed by a subsidiary of the Vėjo Projektai group, Elektrinio transporto sistemos, which is implementing a project funded by the European Union Regional Development Fund.

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Digitalisation in finance: will we truly be replaced by robots?

In the context of the Covid-19 pandemic we hear increasingly more about digitalisation and how it transforms our daily lives as well as work style and habits. We also hear even more that human labour may one day be replaced by robots. However, experts say there is no reason to worry and point to the finance sector where synergy of the human factor and process automation drive the progress within it.

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Klaipeda worried about job cuts and drop in cargo traffic due to halt in Belaruskali transit

Klaipeda city and port officials prepare for possible job losses and a sharp decline in cargo traffic due to the halt in Belarusian fertilizer shipments via Lithuania, but expect to avoid the worst-case scenario.

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The Banker names Skaiste as finance minister of year

The Banker, an influential magazine that is part of the Financial Times group, has named Lithuanian Finance Minister Gintare Skaiste the Finance Minister of the Year in the global and European context, the Finance Ministry reports.

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Cabinet blocks EUR 63 mln rail contract with Chinese-owned Spanish firm

he government has barred Lithuania's state-owned railway group from signing a deal with a Chinese-controlled Spanish firm for the construction of a Rail Baltica railway bridge over the Neris River over national security concerns.

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SunExpress will launch direct regular flights between Vilnius and Antalya

SunExpress, a joint venture between Turkish Airlines and Lufthansa Group, will as of April start direct regular flights between Vilnius and Turkey’s leisure capital – Antalya. Tickets are already available for purchase on the carrier’s website.

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Taiwan plans to invest USD 200 mln in Lithuania

The Taiwanese Representative Office in Lithuania on Wednesday confirmed plans to invest 200 million US dollars in the country in the near future.

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Starkevicius: no need for haste to decide on Belaruskali transit

There's no need for haste to make decisions on the termination of transit of fertilizers produced by Belarusian company Belaruskali via Lithuania, Kazys Starkevicius, chairman of the parliamentary Committee on Economics, says, adding that as many circumstances as possible should be evaluated.

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Airlines cancelling some flights from Lithuania

Some airlines are cancelling their flights from Lithuania, the public broadcaster LRT reported on Thursday.

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Government earmarks EUR 6 mln for businesses hit by China's restrictions

The government earmarked on Wednesday 6 million euros for businesses affected by China's restrictions.

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Chinese diplomat says trade problems not due to Beijing-Vilnius row

Challenges that Lithuanian businesses are facing in exporting their products to China are not due Beijing's diplomatic row with Vilnius, Qu Baihua, China's acting chargé d'affaires to Lithuania, said on Wednesday.

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Telekonta bags contract for surveillance system on Lithuania-Belarus border

Lithuania's engineering solutions company Telekonta has won a contract worth almost 5 million euros to install a border surveillance system along the Adutiskis frontier section of Lithuania's border with Belarus.

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eSIM implementation model in Lithuania has been decided

State authorities and providers of electronic communications services have agreed on a model according to which embedded subscriber identification modules (eSIM) technology will be implemented in Lithuania. All the necessary steps were presented in a completed eSIM study. The Ministry of Transport and Communications considers eSIM technology and the new possibilities that will be introduced with its implementation to be very significant, promoting the development of new technologies.

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Lithuanian MT Group gets EUR 14 million contract for Zeebrugge terminal project

MT Group, a Lithuanian company implementing energy and industrial infrastructure projects in Europe, has signed a EUR 14 million contract with Belgian operator of the natural gas transmission system Fluxys LNG to expand the operational volume of the Zeebrugge LNG terminal while significantly reducing the facility's environmental footprint.

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Sliuzas: Belaruskali contract termination after government's decision

Lietuvos Gelezinkeliai (Lithuanian Railways, LG), the country's state-owned railway company, is awaiting a conclusion of the Lithuanian government commission vetting deals of strategic companies, and only afterwards the company will announce its plan how its existing contract on the transit of Belarusian fertilizers via Lithuania will be terminated, says Kestutis Sliuzas, board chairman of the railway company.

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Bartuska to step down as Lithuanian Railways CEO on January 3

Mantas Bartuska is stepping down as CEO of Lietuvos Gelezinkeliai (Lithuanian Railways, LTG) on January 3, the state-owned railway company has said.

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