2018 was another hugely successful year for Fintech in Lithuania and saw the country cement its status as one of Europe’s leading Fintech hubs. The sector expanded by 45% and saw big names in the industry like Revolut and Google receive licences from the Bank of Lithuania.
Delfi
February012019
February012019
Poland has officially cancelled a ban on pig imports from the major part of Lithuania, Lithuania's Agriculture Minister announced on January 29.
February012019
Lithuania has signed a liquefied natural gas (LNG) purchase contract with energy company Total Gas & Power Limited amid LNG supply diversification efforts, Lithuania's state controlled company Lietuvos energijos tiekimas announced on January 31.
January312019
Blockchain industry leaders should start investing more in Research and Development (R&D) instead of Public Relations campaigns. There have been too many actors in the industry who made a good broth bad; a broth which now has to be consumed by all, including those com-panies and start-ups who have something dynamic to offer both small and large businesses.
January252019
Fewer medicines are sold in Lithuania and their costs are greater than in larger European Union states. European Commissioner for Health and Food Safety Vytenis Andriukaitis says that the differences in the member states’ medicine markets are massive and Lithuania should seek to be heard in negotiations, lrt.lt writes.
January252019
Technology companies from 14 countries around the world, including Australia, China, Canada, Switzerland and others have established partnership with Blockchain Centre Vilnius (BCV), which was founded just a year ago. In an annual event hosted by the centre on January 23, blockchain technology experts from the World Trade Organisation, European Commission and Parliament, as well as Lithuanian institutions gathered to discuss the application of blockchain technology in international trade. During the event, Justas Šireika was introduced: he will be taking charge of the BCV, as well as a new start-up financing fund, according to a Blockchain Centre Vilnius press release.
January252019
MEP Antanas Guoga has assured he would not participate in any elections together with the ruling Lithuanian Farmer and Greens Union (LVŽS), lrt.lt writes.
January252019
During the Davos World Forum, Lithuanian President Dalia Grybauskaitė held bilateral talks with Ukrainian President Petro Poroshenko and Armenia’s new Prime Minister Nikol Pashinyan. The Lithuanian head of state emphasized during her meeting with the Ukrainian president that the international community’s attention to Ukraine is waning, lrt.lt writes.
January252019
Lithuania aims to become the most attractive country in Europe for development of life science industry, the country's Prime Minister Saulius Skvernelis said on Thursday while visiting one of Lithuania's leading biotechnology companies.
January252019
Something happened on the 5th of January. Between worries about Brexit matters, the usual Trump business and other terrible matters, something changed on that day. Two days before Christian Orthodox Christmas, Ecumenical Patriarch Bartholomew I of Constantinople signed the tomos of autocephaly for the newly created Orthodox Church of Ukraine. This was not only a step toward the independence of Ukrainian Orthodox believers, but all of Ukraine.
January242019
The Ministry of Economy and Innovations has registered a legislative package, which specifies that the state could take land belonging to individuals if a large investor needs it. Seimas jurists note that this could clash with the Constitution.
January242019
In recent days, the Public Security Service (VST) presented Minister of Interior Eimutis Misiūnas with detailed information on dismissed former VST detachment head, colonel Sandrius Survila.
January242019
On Thursday, the status of news media in Lithuania and challenges arising for the LRT due to the national broadcaster law being discussed in Seimas were discussed in a sitting of the European Broadcaster's Union (EBU). LRT director general Monika Garbačiauskaitė-Budrienė, who participated in the sitting stressed that the European Council and EBU are concerned over trends being observed in Europe that threaten press freedom, lrt.lt writes.
January242019
The Lithuanian Radio and Television Commission (LRTK) has recommended to not change the public information law and not expand the list of restricted information. According to it, current regulations are sufficient in order to rapidly respond to the dissemination of information hostile to the country, lrt.lt writes.
January242019
It is possible, after two or three years, for teachers’ wages to be 20-30% higher than the country’s average wage, Minister of Education, Science and Sports Algirdas Monkevičius told LRT Radio. According to him, for this there is need for national consensus and a long-term plan, lrt.lt writes.
January242019
The first death from flu complications. The elderly woman, who died in Šiauliai, was suffering from a number of chronic diseases and had not had a flu vaccination. It is believed that she contracted the disease from family members. Flu and other similar disease infection rates are rising around the country and seven municipalities have declared epidemics, lrt.lt writes.
January242019
Homanit, a leading manufacturer of medium-density (MDF) and high-density (HDF) wood fibreboards from Germany, has announced building a plant in the Vilnius region. The company is expecting to around 100 million euro and hire 440 employees in the first five years of operations, a press release from Invest Lithuania states.
January242019
There are a lot of competent women in Lithuania who can hold offices of ministers or other important positions, however, women in the Baltic country are not given the opportunity to more actively participate in the process of decision making, Lithuania's President Dalia Grybauskaitė said on Wednesday.
January232019
With the Lithuanian Farmer and Greens Union (LVŽS) congress nearing, “Farmer” leader Ramūnas Karbauskis has spoken to party members, proposing to halve the number of LVŽS deputies. The party chairman would like to not longer have Seimas first Vice Speaker Rima Baškienė and Seimas Vice Speaker Arvydas Nekrošius as his deputies, LRT’s Laba Diena, Lietuva reports, according to lrt.lt.
January232019
Civic electoral committees aiming to compete for seats in the city municipal council are complaining that they cannot form a coalition, while parties are able to. Discontent, five committees are saying that in terms of the electoral campaign, they are ignored and discriminated. Due to this, they have called upon the Central Electoral Commission (VRK) for explanations, lrt.lt writes.