Lithuanian laser manufacturer Ekspla and American company National Energetics have won a joint tender worth more than USD 40 million to manufacture and implement an ultra-high intensity laser system in the EU research complex ELI-Beamlines, situated in the town of Dolní Břežany near Prague (Czech Republic).
The London Economic informs that, according to the latest research by the World Economic Forum (WEF), it is easier to start a business in Lithuania than the UK. It takes almost twice as long to start a business in the UK (12 days) as compared with Lithuania (6.5 days).
This year the influential Association of German Magazine Publishers has awarded the Golden Victoria prize to three Baltic States for promoting and implementing pro-European ideas. President Dalia Grybauskaitė will accept the award at a solemn ceremony in Berlin on 6 November.
Lithuania has continued its strong growth in attracting foreign direct investment projects over the first half of 2014 despite a fall in investments in the region as a whole, according fDi Markets, The Financial Times’ database of foreign direct investment (FDI).
This year, Lithuania is ranked 41st by competitiveness among 144 countries of the world. It has gone up seven positions against 2013, the World Economic Forum reports.
Tourist flow to Lithuania increased twice in the second half year of 2014. Lithuanian State Department of Tourism presented the data after summarizing results of the first half year, during which time the number of foreign tourists, who visited Lithuania and spent nights at tourism accommodation establishments, increased by 12.2%, while the number of Lithuanian tourists increased by 11.3% compared with the same period in the previous year.
On 23 August, Lithuania, Latvia and Estonia mark the 25th anniversary of the Baltic Way. A quarter of a century ago, the three nations joined their hands to make a human chain from Vilnius to Riga and Tallinn.
Business confidence among foreign-owned companies in Lithuania has been growing, shows Investors' Confidence Index published by the Investors' Forum.
Lithuania has been placed 35th out of 187 countries in the United Nations (UN) Human Development Report 2014, which measures a Human Development Index. This is the best result in the history of Lithuania. Lithuania has risen 6 places since 2013. As a result, it has entered the club of 49 countries with a “very high human development” level, climbing out of the broader group of countries rates as having “high human development”.
Yesterday the European Union General Affairs Council of Ministers has adopted the final decision on Lithuania’s participation in the Economic and Monetary Union (EMU) from 1 January 2015. From this date Lithuania will become the 19th full-fledged member of the eurozone, which will start using the euro as the single currency of the European Union.