Minister: Lithuania has potential to produce COVID-19 vaccines

Lithuania has the potential to produce COVID-19 vaccines, Economy and Innovation Minister Ausrine Armonaite said after visiting Northway Biotech on Tuesday.

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Sinkevicius: no strict deadline for submitting economic recovery plan

As Lithuania plans to submit its economic recovery plan to Brussels slightly later, in the middle of May, Lithuania's delegated European Commissioner Virginijus Sinkevicius, in charge of environment, says the European Commission has no strict deadline for submitting such a plan.

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Extra-EUR 55 mln for pandemic management will push budget deficit up

As the Lithuanian government plans to review this year's budget, the now-approved state budget deficit is estimated to go up from 7 to 8.1 percent as more than 500 million euros in additional funding will be allocated for fighting the pandemic, a finance vice minister says.

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Northway Biotech claims to have created anti-coronavirus drug

Lithuanian company Northway Biotech, based in Vilnius, claims to have created an anti-coronavirus drug in cooperation with its Swiss colleagues, LNK News reported on Thursday.

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Julius Gendvilis ends his career as head of Mitnija

Julius Gendvilis is ending his career as head of Mitnija, one of the largest construction companies in Lithuania, transferring the CEO position to the company’s construction director Valentinas Cilcius effective on May 7, 2021. Julius Gendvilis has led the company for eleven years.

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Vilnius invites workers of big companies to get AstraZeneca jab

Vilnius authorities have invited workers from companies with more than 100 employees to get the AstraZeneca jab.

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Startups in Baltics: ecosystem reached breaking point and will continue growing

The Baltic States are getting increasingly attractive for startups to establish. The pandemic challenged it; yet many startups survived, proving the strength of the regional ecosystem.

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New source of support for Lithuanian small and microbusinesses business

The European Investment Fund and the LCCU have signed a cooperation agreement for a guarantee facility, to launch an €8 million microcredit programme for small businesses in towns and regions in Lithuania The guarantee is supported under the European Union Programme for Employment and Social Innovation (EaSI), while 11 credit unions, members of the LCCU credit union group, will act as financial intermediaries.

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KTU establishes Artificial Intelligence Centre

To promote fundamental and applied research in the field of artificial intelligence (AI), the results of which would lead to the development of innovative products with real practical application and commercial potential, KTU established the Artificial Intelligence Centre. “Cooperating with business partners, we will seek to contribute to the development of the Lithuanian AI ecosystem”, says Agnė Paulauskaitė-Tarasevičienė, the Head of the newly founded KTU AI Centre.

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Eastnine and Vastint sign EUR 35.5m office portfolio deal in the Baltics

Swedish Eastnine signed an agreement to acquire two office properties from Vastint (Interogo Holding) – the UNIQ business centre in Vilnius, Lithuania, and the Zala 1 office building in Riga, Latvia. The EUR 35.5 million transaction is expected to close within Q2 2021.

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Lithuanian Airports and Latvia’s A.C.B. sign contract for Palanga Airport's runway reconstruction

This week, Lithuanian Airports have signed a contract with a Latvian construction company A.C.B. The latter plans to reconstruct, already in the autumn of this year, Palanga Airport runway, also the taxiway and some parts of the apron of the airport. This company already has experience in reconstructing Vilnius Airport runway in 2017. The company, which won the public procurement contract, will perform all contract work for 13.6 million euros (exclusive of VAT).

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Financial Crime Investigation Service probes dozens of dental clinics

Lithuania's Financial Crime Investigation Service said on Wednesday it is carrying out two pre-trial investigations into the use and distribution of dental products, as well as into the operation of several dozen dental clinics.

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Two parliament committees suggest launching talks on Belarusian spa's takeover

Lithuania's parliamentary Committees on Social Affairs and on Foreign Affairs suggest giving the government a mandate to launch negotiations with Belarus on the takeover of Belorus, a Belarus-owned sanatorium situated in Lithuania's southern town of Druskininkai that is currently sanctioned by the EU.

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Not all cinemas rush into reopening

As the government allowed cinemas to reopen in Lithuania, some of them rush into welcoming the first cinemagoers and starting selling tickets. Others, however, are more cautious and are in no rush to do that.

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Klaipeda expects to receive 1st cruise ship this year in July

Lithuania's port of Klaipeda hopes to have a cruise season this year, though later, after no cruise ships arrived in Klaipeda last year due to the coronavirus pandemic. If COVID-19 vaccination is fast enough and the situation is good in the US, the first ships are expected in July.

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Ministry names priorities on transport sector economic recovery plan

Sustainable mobility, alternative fuel infrastructure and digitalisation are on the priority list of the Ministry of Transport and Communications in developing the 2021–2026 Recovery and Resilience Facility plan for the European Commission. Preliminary estimates show that the implementation of this plan of the Ministry by 2026 is to require EUR 320 million in investment.

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BMI Institute expands internationally with executive programme in Brussels

BMI Institute, founded in Lithuania, is strengthening its international footprint and expanding to Brussels. The BMI Brussels branch will deliver a 12-month Executive MBA programme together with Belgium’s Louvain School of Management, one of the founders of BMI. The first cohort of 20 diverse middle and high-level managers has begun the programme. BMI Institute is thus the first educational institution in Lithuania to have opened a branch in a foreign country, the institute informs in a press release.

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Mainlink preparing wireless networks expansion by partnering up with TEKTELIC

Mainlink, a provider of services based on the Internet of Things (IoT) technology, has collaborated with Canadian company TEKTELIC, which will speed up the development of the LoRaWAN® wireless networks. The new partnership will provide Mainlink with base stations and other equipment necessary for the reliable and global performance of the network.

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President critical of preparations for EUR 2.2b EU support

Lithuanian President Gitanas Nauseda is critical of preparations in the country to qualify for EU support, worth 2.2 billion euros, for post-pandemic economic recovery.

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Jurkonis. Everything you think you knew about politics is wrong: using political capital for good

We can’t escape the word politics, but do we really understand its various meanings?

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