Lithuanian Firm to Manufacture World’s Most Powerful Laser
October 17 / 2014

Lithuanian Firm to Manufacture World’s Most Powerful Laser

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).

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Easier to start a business in Lithuania than the UK
October 08 / 2014

Easier to start a business in Lithuania than the UK

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).  

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Lithuania awarded for promoting pro-European ideas
October 06 / 2014

Lithuania awarded for promoting pro-European ideas

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.

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Lithuania the regional leader for attracting foreign investment projects
September 19 / 2014

Lithuania the regional leader for attracting foreign investment projects

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).  

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Lithuania’s global competitiveness on the rise
September 05 / 2014

Lithuania’s global competitiveness on the rise

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.

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Lithuania gathers popularity among tourists
September 03 / 2014

Lithuania gathers popularity among tourists

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.

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25th anniversary of the Baltic Way
August 21 / 2014

25th anniversary of the Baltic Way

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.

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Growing investor confidence in Lithuania‘s economy
August 14 / 2014

Growing investor confidence in Lithuania‘s economy

Business confidence among foreign-owned companies in Lithuania has been growing, shows Investors' Confidence Index published by the Investors' Forum.

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Lithuania has been ranked higher by the HDI
August 04 / 2014

Lithuania has been ranked higher by the HDI

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”.

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Lithuania Is Accepted into the Eurozone
July 24 / 2014

Lithuania Is Accepted into the Eurozone

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.

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