Simplex, an Israeli based company providing fraudless payment processing solutions worldwide, has just opened its new Lithuanian office. As part of an overall expansion plan, the company is looking to triple its current 25 strong Lithuanian team in the next three years, states Invest Lithuania.

Continue reading →

Lithuanian farmers who have incurred drought-related losses cannot expect compensation from the European Union as it's an insured event, Vice Minister of Agriculture Venantas Griciunas says.

Continue reading →

Norwegian Air Shuttle will launch flights from Lithuania's coastal city of Palanga to Norway's Bergen in October, Lietuvos Oro Uostai (Lithuanian Airports), the airport operator in Lithuania, has announced.

Continue reading →

Arvydas Vaitkus, the former chief executive officer of the Klaipeda State Seaport Authority, breached the law after he failed to declare interests, the Chief Official Ethics Commission has ruled.

Continue reading →

Lithuania will start issuing visas to businessmen establishing startups in the country faster as of July 1, the country's Ministry of Economy and Innovation has announced.

Continue reading →

Avia Solutions Group, an aviation group owned by Lithuanian businessman Gediminas Ziemelis, is buying Chapman Freebor, a UK charter airline.

Continue reading →

The demolition of an unused complex of buildings that used to house a correctional facility will start in Vilnius on Tuesday.

Continue reading →

The European Commission will provide €120 million to the EU's beekeeping sector over the next three years to support its essential role in agriculture and the environment. This represents an increase of €12 million compared to the support provided for the period from 2017 to 2019.

Continue reading →

Arvi, a Lithuanian fertilizer, fodder, sugar and turkey meat production group owned by businessman Vidmantas Kucinskas, and Sanitex, a Kaunas-based and Lithuania's largest private capital consumer product wholesaler, which bought the now-bankrupt Serbian fertilizer producer HIP-Azotara in 2006, do not have to pay a million-worth fine to Serbia's privatization agency, according to the final and binding ruling issued by the Lithuanian Supreme Court.

Continue reading →

As the numbers of air passengers are growing in Lithuania, a new airport could be built between the country's largest cities of Vilnius and Kaunas by 2035, the country's Transport Minister Rokas Masiulis says, adding that the final decision is expected in 2022.

Continue reading →

Continue reading →

The Parliament of the Republic of Lithuania (Seimas) approved the definition of a start-up provided by the Ministry of the Economy and Innovation of the Republic of Lithuania. The Law on the Development of Small and Medium-Sized Enterprises shall determine that a start-up is a very small or small enterprise with great potential of innovation-based business development, operating for less than 5 years, writes Startup Lithuania.

Continue reading →

Lithuania is putting a lot of effort and is ready to test driverless cars, the country's Transport Minister says.

Continue reading →

Lithuania used more energy resources last year, and the country remains dependent on imported energy.

Continue reading →

Lithuania expects the conclusions of a recent week-long audit by Chinese experts into beef exports from the Baltic country in late summer.

Continue reading →

The regional gas exchange GET Baltic, operating in the Baltic states, will launch a new market area in Finland as of 2020, it said.

Continue reading →

Lithuania's state-run railway company Lietuvos Gelezinkeliai (Lithuanian Railways, LG) has removed Skinest Baltija and Askita from its tenders due to an alleged competition-restricting agreement.

Continue reading →

Lithuania's textiles producer Utenos Trikotazas hired six seamstresses from Vietnam in April and plans to increase their number up to 40 by the end of this year since the trial was successful.

Continue reading →

Lithuania's state-run railway company Lietuvos Gelezinkeliai (Lithaunian Railways, LG) has introduced train speed restrictions due to the ongoing heatwave and advised passengers to take into account possible delays.

Continue reading →

Despite the deteriorated international environment, Lithuania’s financial system is stable, while banks’ resilience to potential shocks remains high, states Bank of Lithuania in a press release.

Continue reading →