President: we hope for more Indian investment

Lithuania hopes for India's further investment in the country, Lithuanian President Gitanas Nauseda told Indian Vice President Venkaiah Naidu during their meeting in Vilnius on Saturday.

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Finland seeks Lithuanian talents: country lets to experience local life

Next week (19-24 Aug.), five international talents will visit Finland. The winners are from Singapore, Lithuania, Latvia, India and Albania and were selected from more than a thousand applicants. They will visit with their families and explore daily life, work and free time activities in Turku Region, announces Turku Business Region in a press release.

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Used car market up 4 pct

Some 110,700 newly-imported used cars were registered in Lithuania January-July, up 4 percent from 106,300 from a year ago.

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Kupsys: PNB Banka's collapse bad for Baltic banks' reputation

The collapse of another Latvian bank, PNB Banka, has a negative impact on the whole Baltic banking sector as investors often view this region as a whole, says the head of the association For Fair Banking.

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Franch investor buys Danpower Baltic

French renewable energy group Idex, part of Antin, one of the largest investment companies in Europe, is buying German-capital energy company Danpower Baltic.

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Zalatorius on PNB Banka closure: Latvia continues its bank cleanup

Latvia continues to clean up its banking sector, the head of the Lithuanian Banks' Association (LBA) said on Friday after the neighboring country announced the closure of another commercial bank, PNB Banka.

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German economic stagnation holds both opportunities and risks for Lithuania

With the German economy having shrunk by 0.1 percent in the second quarter and facing a real threat of recession, Lithuanian businesses exporting their products to the EU's biggest economy are presented with both new challenges and new opportunities.

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The future city idea – where everything can be reached in under 20 minutes

Over the last few decades, the urban model of the West, where residential, work, commercial and cultural areas are largely separated and access is best provided by private car, is disappearing.

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Prosecutors: companies have not breached EU's Russia sanctions

Lithuanian companies have not violated the European Unions' anti-Russian sanctions, the country's Prosecutor General's Office said after dropping a two-year pre-trial investigation.

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Nauseda on car tax: we should start from luxury tax

The Lithuanian prime minister has said recently that a car tax will be introduced in the country in January, 2020, but President Gitanas Nauseda sticks to the previous position that such a tax is not necessary yet since it would increase social exclusion.

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Karbauskis: there's no other minister with so many problems

Lithuania's outgoing Transport Minister Rokas Masiulis was replaced because of the high number of problems in the area he was in charge with, says Ramunas Karbauskis, leader of the Lithuanian Farmers and Greens Union.

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Analysts: Siauliu Bankas gears up for major changes

Lithuania's Siauliu Bankas' recent announcement about possible strategic changes and the decision to hire consultants to help to look for activity alternatives shows that the bank's board is serious about changes, market participants believe.

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Court halts ESO's EUR 150 mln smart meter tender

A court in Lithuania has temporarily halted a tender valued at around 150 million euros and called by power and gas distribution operator Energijos Skirstymo Operatorius (Energy Distribution Operator, or ESO) for the purchase of smart electricity meters and the system's IT solutions.

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Ministry moves to discard physical SIM cards

The Lithuanian Transport and Communications Ministry proposes to start using the embedded SIM (eSIM) technology to replace conventional SIM cards in mobile devices.

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Belarusians removed from GIPL tender due to ties with Russia

The Lithuanian government removed a Belarusian firm from the tender process for a Gas Interconnector Poland-Lithuania (GIPL) construction contract due to its business ties with Russian companies and contacts with individuals deemed as posing risks, according to documents available to BNS.

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Spanish architects' idea named best in Vilnius concert hall competition

Spain's Arquivio Architects tops the ranking of best architectural ideas at an international competition for ​​a national concert hall on the Lithuanian capital's Tauras Hill, Vilnius Municipality said on Monday.

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Klaipeda focuses more on service sector investors

In order to improve the city's investment environment, Kaipėda City Municipality during the July city's council meeting has approved an incentive model that should entice Service sector investors to Klaipėda. This is the first time in Lithuanian when municipality endorses the incentive tailored to service sector investors, writes Klaipėda ID.

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Kaunas Airport reached biggest number of passengers in history

Kaunas Airport marks the aviation summer with ever newer record of passenger traffic. In July, more than 114 thousand passengers have travelled across Kaunas Airport, counts Lithuanian Airports. This is more by 12 thousand than in May, when the record – a six-digit number of passengers – was reached.

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Scooter service in Kaunas launched

Ride-hailing service Bolt has launched its electric scooter rental service in Lithuania's second-largest city of Kaunas this week.

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Kaunas office market is driven by growing local companies

The office market of Kaunas is growing rapidly: since 2016 until now, the total space of modern offices has doubled, and this year Kaunas will see a record-high increase in modern office space – over 52,300 sq. m. After the recent surge in new business centres, the total office market of Kaunas will amount to 250,000 sq. m. In order to take advantage of Kaunas’ potential, developers actively build RE projects, and the growing space of available offices creates very flexible options for tenants, according to Kaunas Office Outlook for H1 2019 published by the international real-estate consulting company Newsec.

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