Lithuanian businesses join forces to combat COVID-19
In the face of the pandemic, businesses and institutions in all countries began looking for solutions to contribute to faster management of COVID-19. Lithuania is not an exception: Lithuania exports and entrepreneurship agency “Enterprise Lithuania” promptly mobilized and took the initiative “Business against COVID-19”. This initiative aims to coordinate the Lithuanian businesses who can supply and manufacture personal protective equipment (PPE). The list of companies producing or providing PPE prepared by the agency includes more than 200 Lithuanian companies, of which as much as 30% are manufacturers capable of supplying their manufactured PPE.
Business leap to the Internet: 1000 online shops in one place, every tenth - a new one
In the first week of quarantine, the entrepreneurship and export development agency “Enterprise Lithuania” initiated the business support initiative “No quarantine on the Internet”, which per one month gathered 1000 Lithuanian online shops under one domain www.internetekarantinonera.lt. It brought together 100 professionals who have become mentors for businesses that are looking to digitize their activities and 20 partners who have offered support to make it as easy as possible for the businesses to move into a virtual space.
While fighting against COVID-19, Lithuanian companies are showing solidarity and are discovering new opportunities
In just over a week, 176 companies have already registered on the Entrepreneurship and Export Development Agency’s “Enterprise Lithuania” information website “www.verslaspriescovid19.lt” and provided information on their capabilities to produce and supply the necessary tools to combat the COVID-19 virus. Among the names on the list are both already existed businesses and the newcomers to the medical market – businesses that have quickly reoriented and adapted their production capacity for the production of personal protective equipment, disinfectants and medical devices, which are currently in the greatest demand.
Financial support and new solutions for businesses suffering from the coronavirus
Business conditions that have changed during the quarantine had a painful effect on the financial flows of many Lithuanian enterprises. Accordingly, the State took urgent measures to help them survive. About 1.3 billion euros are planned to be allocated from the planned Government package of financial instruments to Lithuanian business entities. Experts say that support and preferences will be provided to small, medium-sized and large businesses. The aim is not only to maintain the liquidity of enterprises, reduce the tax burden, but also to encourage them to reorient their activities.
Lithuanian export forecasts: from simplistic joy to shock models
Although the Lithuanian export growth rate slowed down in 2019, the country’s exporters still had something to enjoy. All of us have a different mood this spring – the coronavirus COVID-19 pandemic is disrupting business plans and destroying even the most cautious forecasts.
“Enterprise Lithuania” focuses on boosting the businesses suffering from the effects of coronavirus
Entrepreneurship and export development agency “Enterprise Lithuania” is launching an initiative to support businesses “No quarantine on the Internet” and will advise anyone who wants to transfer their activities/businesses to the virtual space quickly and easily. Entrepreneurs who are already using virtual space for their businesses are encouraged to register their online stores and we will seek to share information about them with as many people in the country as it is possible. “Enterprise Lithuania” has also decided to integrate into this program the unified e-commerce solution which was developed during this weekend’s hackathon “Hack the Crisis”.
The conversation with an old acquaintance has given rise to the international project of global significance
Ingrida Olendraitė, a doctoral student at Cambridge University, an alumnus of Vilnius University, had little expectations that her meeting with an old acquaintance during Life Sciences Baltics will evolve to an international project together with the greatest minds in the field of virus research.
Lithuanian scientists aim to be at the forefront of the new breakthrough in medicine
Lithuania has more than enough potential to become one of the leaders in the biotechnology field. This is the conviction of Agnė Vaitkevičienė, the head and the co-founder of the first and so far the only producer of individualised advanced therapy medicinal products (ATMPs) in the Baltic countries. According to her, medicines developed according to the needs of each patient are the future of medicine, to which Lithuania also contributes.
Business has more than one Everest
Origins of Lithuanian kids wear brand Mummymoon should be traced in Norwegian fjords, Vėjūnė Unikauskienė, Director of Trinity time UAB, company that owns this brand, joked.
Lithuanian experience of private medicine for Irish patients
The Medical Diagnostic and Treatment Centre operating in the capital of Lithuania for 22 years by now and boasting the good reputation is consistently assuring quality and improving it, it is an ongoing journey on the way of unconventional thinking, different approach, improvement of actions by creating the best value added for customers.
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