Customers remain the focus of Pigu.lt. Marketplace is celebrating four years of operations

Celebrating its fourth anniversary, the Pigu HobbyHall Group (PHH Group) Marketplace, operating in Lithuania under the name of Pigu.lt, has achieved impressive results over the period. The leading marketplace in the Baltics offers unrivaled customer experience and access to more than 3M products of local and international selection. At the same time it continuously improves its services for more than 4000 sellers, many of whom are based in the Baltic States.

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Karbauskis family is largest landowner in Lithuania

The Karbauskis family is the largest landowner in Lithuania, news website 15min.lt reported on Monday.

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First green gas supplied in Lithuanian gas transmission network

Molecules of green gas produced in Lithuania from renewable resources are already circulating in the country’s gas transmission network, operator of the Lithuanian natural gas transmission system Amber Grid has announced.

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Port of Klaipėda closes cruise shipping season

On Sunday morning, the last cruise liner this year is set to dock in the port of Klaipėda. A total of 41 cruise liners berthed at the Lithuanian port city this season, which lasts about five months.

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Central bank’s chief says ‘light at the end of the tunnel’ after ECB latest rate hike

The governor of the Bank of Lithuania believes the European Central Bank’s (ECB) latest increase of key interest rates may be the last one in efforts to tame inflation.

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Volume of construction work carried out up by 4.8% in July

In July 2023, the volume of construction work carried out in Lithuania amounted to EUR 507.1 million at current prices and, against June, seasonally and calendar adjusted, increased by 4.8 percent at constant prices (unadjusted – by 0.4 percent), reports the State Data Agency.

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Internet use is increasing in Estonia

According to Statistics Estonia, 93.2% of households in Estonia have an internet connection at home. The number of households with an internet connection has increased by 13,000 compared with the previous year, when there were 533,300 such households. There are also more users of e-commerce, stated Statistic Estonia.

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Electricity price in Lithuania up by 14% in early September

On 4-10 September, compared with the previous week, wholesale electricity prices in Lithuania and Latvia increased by 14% to EUR 127.48/MWh. In Estonia, electricity price rose by 13% to EUR 122.82/MWh.

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Minister of Energy: Lithuania will produce enormous amounts of hydrogen in future

Vilnius City Municipality has approved plans to acquire hydrogen-powered buses and to start green nitrogen production as of 2026. Minister of Energy Dainius Kreivys notes that in the future Lithuania is expected to produce vast amounts of hydrogen using excess energy generated by power plants from renewable sources.

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Lithuania slides into deflation in August

In August 2023, against July, prices for consumer goods and services decreased by 0.2%, the State Data Agency said on Friday.

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Teltonika builds new plant in Vilnius

Teltonika, Lithuania’s group of high-tech companies, says it will build a new electronics assembly plant in Vilnius. It has already obtained a construction permit for developing the project in the Teltonika High-Tech Hill technology park.

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Startup Fair starts in Vilnius on Thursday

On Thursday, Lithuania is hosting the largest startup event in the Baltics – Startup Fair Adapt 2023.

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Electricity price in Lithuania down by 22% in late August

On 28 August-3 September, compared with the previous week, wholesale electricity price in Lithuania and Latvia fell by 22% to EUR 111.82/MWh, while it fell by 29% to EUR 109.06/MWh in Estonia.

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Exploring Rail Baltica: a perspective of the global project’s environmental impact

In an era marked by an urgent need to address environmental concerns, Rail Baltica aims to offer eco-friendly and sustainable transportation in the region. The transport sector, while crucial for economic development, has long been one of the largest contributors to greenhouse gas emissions in Europe. However, the tide is turning, and rail transport is emerging as a healthier and more eco-friendly alternative. It aligns perfectly with the European Green Deal and simply makes common sense, reports RB Rail AS, a joint venture of the Baltic States.

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E-scooters in Vilnius city centre may be parked only in specific locations

Starting with 1 September, rental electric scooters in Vilnius city centre may be parked only in specifically marked parking spaces.

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Vilnius set to become Lithuania’s first green hydrogen producer

Vilnius City Council has approved a plan to develop the production and use of green hydrogen in both public and private transport, the municipality said on Wednesday.

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Electricity price in Lithuania up by 23% in late August

According to independent electricity supplier Elektrum Lietuva, wholesale electricity prices in Lithuania and Latvia rose by 23% to EUR 142.58/MWh on 21-27 August, compared with the previous week. In Estonia, wholesale electricity price soared by 93% to EUR 153.39/MWh.

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Ignitis Renewables is building its first wind and solar hybrid power plant

An international green energy company Ignitis Renewables has started the construction of a solar power plant in Tauragė district in Lithuania, near an operating wind farm. This will be the company’s first wind and solar hybrid power plant, which will enable a more effective utilisation of the land and infrastructure, the company reports.

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Estonia sees 12.4% wage growth in the second quarter this year

The average monthly gross wages and salaries in Estonia grew by 12.4% to EUR 1,873 in the second quarter of 2023, from a year before, reports Statistics Estonia. The median wage was EUR 1,524 in the second quarter this year.

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European Energy unveils biggest solar farm in Baltics

The biggest solar farm that will be built to date in Lithuania and the Baltics has been presented to the public. When the construction is fully finalised, the solar farm operated by European Energy will have a capacity of 65 MW(ac), the company said in a press release.

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