Metso Outotec’s new manufacturing site in the region of Šiauliai (Šiauliai län) in northern Lithuania has started its operations. The new plant further strengthens the company’s capability to produce high-quality rubber and poly-met wear parts for its mining customers. The investment was announced in March 2020.

Paysera LT has started trading gold. Unlike other fintech companies, Paysera LT will trade in actual bars and coins rather than units of this precious metal sold on the exchanges. Buyers will be able to store their gold, purchased via the app, at the company’s storage facilities, order home delivery or pick it up at the company HQ, the company informs in a press release.

KTU researchers together with colleagues from Latvia, Denmark, Sweden, Slovakia, Ukraine, Czechia, Belarus and the US are developing multifunctional composite materials for aircraft, cars, wind power plants and other structure production. The international team of researchers aims at making the new material not only durable but also checking for errors invisible to the human eye.According to Dr Daiva Zeleniakienė, a researcher at Kaunas University of Technology (KTU) Faculty of Mechanical Engineering and Design, advanced transport, aviation, wind turbines and other structures production from fibrous polymer composites is popular because the material is light and has excellent mechanical properties.

The joint management model of the European standard-gauge railway project Rail Baltica is already posing threat to the project's continuity, Lithuanian Transport Minister Jaroslav Narkevic said after hinting about the possibility of building the railway independently without Estonia and Latvia.

As Lithuania's public debt is growing due to the coronavirus crisis, the country might need to raise some taxes in the futures. Their burden wouldn’t be as heavy on residents and the economy if the economic structure changed, Lithuanian Finance Minister Vilius Sapoka says.

As new information on the transfer of money of dubious origin via Danske Bank's divisions in the Baltic states has recently emerged, the central Bank of Lithuania says it is cooperating with Denmark's law enforcement.

Biotechnology company Thermo Fisher Scientific says its Vilnius branch is not producing coronavirus vaccines but is providing reagents that can be used in the development of a vaccine.

Lithuania's minimum wage could be raised by about 35 euros to 642 euros as of next January, Social Security and Labor Minister Linas Kukuraitis said on Thursday.

The Lithuanian National Public Health Center recommends that employers organize work remotely where possible as new coronavirus clusters are emerging in companies and organizations after 249 cases were recorded in the country over the weekend.

Low-cost carrier Ryanair announced a new Vilnius route to Leeds Bradford, flying three times per week from 26th October 2020 as part of Ryanair’s British Winter 2020 schedule.

Lithuanian haulage companies are facing delays and increased costs after Belarus has stepped up border checks on Lithuanian-registered trucks, the president of the national road carriers' association Linava has said.

Palanga Airport is preparing for an important reconstruction in the autumn of 2021, as the runway of the airport will be reconstructed and other works will include renewal of the taxiway and other parts of the apron. The search for a contractor for these works will be announced this week and the contract will be signed with a selected partner in the second quarter of 2021. Reconstruction works are scheduled to start in September next year, during which time the airport will be suspended for the shortest necessary period - 45 days.

The European Commission's proposal to cut greenhouse emissions in Europe by 55 percent by 2030 is an ambitious target that is achievable for Lithuania, Prime Minister Saulius Skvernelis said on Wednesday.

Lithuania is considering facilitating conditions for Belarusian businesses to move to Lithuania by letting them open not only bank accounts while establishing an enterprise in Lithuania but also open accounts with e-money institutions, Vice Minister of Economy and Innovation Marius Skuodis says, adding that legal changes would be required to do so.

Students that choose technological sciences are welcome in many companies, including space technology and space research centres in Lithuania and abroad. In contemporary world, even startups are capable to fulfil great ideas. However, every new project needs someone to believe and to invest in it. Dr Vladas Lašas, Kaunas University of Technology (KTU) alumni and lecturer is a business angel of a very important European-British space programme – startup Orbex.

Lithuania and the United States have signed a joint declaration and agreed to step up cooperation on the development of 5G communication networks and carry out a rigorous evaluation of suppliers of hardware and software.

Ryanair announced it will add more flights from Vilnius to Liverpool. In light of strong demand from both Lithuanian & British consumers, Ryanair will now fly 3 times weekly (+1) from Vilnius to Liverpool from the 25th October as part of its Winter 2020 schedule.

Lithuania's coronavirus situation is under control and its infection rate and economic indicators are better than in most other European countries, an advisor to President Gitanas Nauseda said on Tuesday.