OECD: Lithuania needs to boost municipal borrowing capacity

Lithuania needs to increase the borrowing capacity of its municipalities for public investment to bring in as much benefit for the country's economy as possible, the Organization for Co-cooperation and Development says.

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5 smart city solutions from KTU students for Kaunas

Smart waste collection systems, advanced street lighting, mobile applications informing on the traffic are just a few examples of technologies for a smart city. Every year, consumption and pollution rates go up people living in urban areas are experiencing parking and traffic problems, therefore the demand for technology and science-based solutions in cities increasing. Kaunas City Municipality aiming to improve the life and well-being of citizens involved KTU students into solving real challenges the city faces.

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Avia Solutions Group calls block on its investment in Vilnius "witch hunt"

Avia Solutions Group, an aviation business group, says it is disappointed with the recent decision by the Lithuanian government's commission vetting deals important to national security to block its investment at Vilnius Airport due to potential threat to national security, calling it a with hunt.

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Fertility clinic is suspected of having hidden EUR 1 mln in revenue

A fertility clinic operating in Lithuania's three largest cities is suspected of having hidden revenue worth around 1 million euros.

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Some 169 people turn to police over stolen CityBee data

Some 169 people have turned to Lithuania's police over the theft of their personal information from CityBee, a car-sharing service, Arunas Paulauskas, a deputy chief police commissioner, says, adding that there's no data so far on any attempt to use the information to carry out criminal acts.

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Cinemas saw revenue drop almost 3 times last year

Pandemic-related restrictions pushed revenue and the number of spectators of Lithuanian cinemas down almost three times, according to the latest figures from the Lithuanian Film Centr

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Winner of tender to provide coronavirus testing at Lithuanian Airports announced

Lithuanian Airports have announced that the medical testing company „Rezus.lt“ has won a public tender to provide Coronavirus testing services at the country’s airports. Coronavirus testing is scheduled to begin near Vilnius Airport by the end of February, and by April – at Kaunas and Palanga airports.

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Hacker: I posted everything I have, Citybee data protection was poor

The hacker who has recently leaked data of 110,000 Lithuanian-registered users of the car-sharing service CityBee says the company’s security measures were poor, adding that he has no more data.

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Avia Solutions Group wants to expand at Vilnius Airport

Avia Solutions Group, an aviation business group, has asked Lithuania's government for permission to reconstruct a hangar at Vilnius Airport where aircraft are serviced and repaired.

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Moody’s improves, Standard & Poor’s affirms Lithuania's rating

International rating agency Moody’s has improved Lithuania's long-term credit rating to A2, from A3, with a stable outlook after six years, and Standard & Poor’s has affirmed the existing rating of A+, from A, with a stable outlook.

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Majority of Lithuanians believe economic situation will worsen

More than half of Lithuanian residents believe the economic situation in the country will worsen over the upcoming year, a new survey showed on Friday.

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Russia resumes gas transit to Kaliningrad via Lithuania

Russia resumed its transit of natural gas to the Kaliningrad region via Lithuania on Tuesday night, according to the latest data on Lithuania's gas transmission system operator Amber Grid's website.

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Large firms can expect alternative support for testing

The Lithuanian government is currently discussing an alternative method of coronavirus testing that could be applied in large companies, Prime Minister Ingrida Simonyte said on Tuesday.

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Lithuania may allow hairdressers, non-food shops to reopen next Monday

The Lithuanian Cabinet on Monday approved in principle a plan allowing some non-food shops and hairdressers to reopen next Monday, but will make a final decision on Wednesday.

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Tech companies join hands to tackle low supply of in-demand specialists

Nord Security, Biomapas, Satalia, NFQ and other tech leaders are coming together to help train Data Scientists that will be company-ready in just 6 months. For Turing College, the Data Science career school behind this new method, an expanding circle of suitable industry partners is of high strategic importance for growing the next generation of highly sought-after Data Scientists.

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Traders agree to gradual lockdown easing

Traders agree to a gradual easing of the existing restrictions, Ruta Vainiene, director of the Association of Lithuanian Trade Enterprises, says, adding that those having direct access from the outside and able to restrict their trading space to 2,000 square meters could go first.

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Retailers say delay of reopening of shops 'at odds with reality and logic'

The government's decision to delay the reopening of non-food shops is at odds with reality and logic, the director of the Lithuanian Association of Trade Companies said on Wednesday, noting that part of the closed businesses is starting to work illegally.

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Revolut starts moving to permanent flexible working

Revolut, the global financial app, this week confirmed its move towards permanent flexible working, supported by an innovative RevLab real estate strategy to repurpose all its offices as flexible collaborative spaces. The company is enabling the vast majority of its 2,000+ employees to choose when and how often they would like to work from home or visit the workplace. The new RevLabs will have around 70% of the space devoted to collaboration and teamwork in response to employees’ feedback.

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Panel to propose letting ski runs operate

A proposal will be presented to the government to allow ski runs to operate in Lithuania, the country's Interior Minister Agne Bilotaite says.

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Thermo Fisher Scientific opening new production building in Vilnius

Thermo Fisher Scientific Baltics, the Lithuanian branch of the US-based medical and scientific equipment manufacturer Thermo Fisher Scientific, is opening a new production building in Vilnius on Friday.

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