Business

The financial data intelligence platform Bud Financial (Bud) is expanding its team in Lithuania. Established in Vilnius last year, Bud’s office is set to become one of the company’s hubs for technical and risk roles, powering its growth in the region and across Europe, Invest Lithuania reports.

INTUS Windows, an American producer of PVC windows and doors, has announced plans to construct a new production facility near its current plant in Šiauliai, Lithuania. The construction of the new 13,000 m² plant is slated to begin later this year, with an estimated operational start in mid-2025. The...

Vinted, operator of an online second-hand clothing trading and exchange platform, claims that the state data privacy agency had no legal grounds to impose an administrative fine of nearly EUR 2.4 million on the company.

Lithuanian capital company group 15min on Monday announced that it is acquiring M-1 radio station group.

Minister of the Economy and Innovation Aušrinė Armonaitė is set to meet with Stefano Pontecorvo, President of the Italian company Leonardo, on Monday afternoon. She will present the simplified regulatory framework for companies to develop defence and security industry activities in Lithuania, the mi...

Minister of the Economy and Innovation Aušrinė Armonaitė has met with Sojitz CEO Tatsuhiko Niitaka to discuss the company’s expansion opportunities in Lithuania, the ministry reports.

Most people can no longer imagine everyday life without communicating by email, searching for information, or ordering goods online. Safiyya Baba-zada, a Kaunas University of Technology (KTU) student, says that digitalisation is changing people’s lives by making them simpler, and companies’ operatio...

Vilnius-registered firm Tersis participated in an annual international logistics fair in Moscow at the end of March, Delfi news website reports.

Ryanair celebrates the opening of its second hangar at the Kaunas Airport, strengthening its commitment to the aviation industry in the region, reports the Ministry of Transport and Communications.

Lithuania will make even more data available and easier to share for businesses and citizens. The Government has approved a draft law submitted by the Ministry of the Economy and Innovation to implement the European Data Governance Act, the ministry has announced.

Norwegian airline opened a base in Riga Airport on Monday, the Investment and Development Agency of Latvia (LIAA) reports.

If only businesses are obligated to finance additional defence needs, they may consider pulling out from the domestic market, the Lithuanian Business Confederation (LVK) has warned. Such a decision would not help draw new firms to the market either, it says.

The Government on Wednesday gave the green light to the Energy Ministry’s roadmap for hydrogen development in Lithuania in 2024-2050. The ministry was obligated to implement the roadmap in cooperation with state institutions and social partners.

Finance Minister Gintarė Skaistė presented the advantages of the Lithuanian Fintech sector and the further direction of growth to the investors of the United States of America in Washington and invited them to invest in one of the fastest growing sectors, the ministry said in a press release on Mond...

President Gitanas Nausėda rejects the proposal that value added tax (VAT) would be raised to fund Lithuania’s defence needs. He suggests taxing business instead.

Real estate developer Hanner says the Public Procurement Service’s (VPT) report on the updated national stadium project does not change its plans to finish the decades-long project.

The first Lithuanian restaurant selection of the Michelin Guide will be unveiled during a special event in June, the Ministry of the Economy and Innovation said on Thursday. It will be held on 13 June 2024 at the Merchants’ Club in Vilnius.

In January 2024, compared with December 2023, seasonally adjusted services production increased by 1.5% in the euro area and by 1.0% in the EU, according to first estimates from Eurostat, the statistical office of the European Union (EU).

Go Vilnius on Thursday presented a new advertising campaign for the city, which is expected to boost the number of tourist arrivals from the UK and Germany by 25 percent.

LTG Link, passenger transport company of Lithuanian Railways (LTG), has introduced Starlink satellite internet service on its trains that will ensure stable connection throughout the entire journey.