Foreign start-ups are increasingly choosing Lithuania
From smart mattresses that help tracking and improving sleep quality to production of green energy – foreign start-ups with such innovative ideas are becoming increasingly bold in choosing Lithuania for the development of their business. During the first three months of this year alone 45 foreign nationals were granted permission to develop 18 innovative businesses in Lithuania through Startup Visa program.
Lithuania to host five international innovation events
In 2019, global industry leaders, tech-savvy innovators, fintech experts, and decision makers will gather in Lithuania for five international events.
Common Digital Vision of the EU and Africa will open new markets for Lithuanian ICT companies
In recent years African countries have been among the fastest growing economies in the world, while the huge potential of the continent in the field of information and communications technology (ICT) is predicting further growth. The European Union (EU) is determined to focus more attention on the digitalisation of Africa and digital economy development, with European ICT companies expected to play an important role.
Growth in Goods Exports Would Have Been Even Higher Had It Not Been for the Poor Grain Harvest
According to Statistics Lithuania, total exports of goods increased by 7.3 per cent over 2018 to EUR 28.3 billion. Exports of goods of Lithuanian origin (excluding energy products) grew by 8.2 per cent to EUR 13.4 billion. Re-exports of goods (excluding energy products) grew by 5.1 per cent to EUR 10.7 billion.
Survey by Enterprise Lithuania: approaching Brexit is not discouraging Lithuanian exporters
A customer satisfaction survey conducted by Enterprise Lithuania shows that the United Kingdom is one of the most attractive foreign markets despite the approaching British exit from the European Union (EU). Every tenth Lithuanian exporter is planning to start exporting to the United Kingdom this or next year.
Lithuanian Companies Leave for Israel in the Hopes of a Breakthrough in Innovation Exports
On a reciprocal visit to Israel on January 28–29, Lithuanian Prime Minister Saulius Skvernelis is being accompanied by a trade mission organised by Enterprise Lithuania and the first Lithuania-Israel Innovation Forum. More than 20 of the country’s business people are hoping to establish contacts in the fields of digital technology, cybersecurity and life sciences.
The Number of Foreign Startups Choosing Lithuania for Starting Their Businesses is Growing
Last year, the Startup Visa received 178 applications of foreign companies for participation in the programme and business development in Lithuania, or 41 per cent more than in the first year of the programme.
Trends: What Direction Are Modern Day Innovative Entrepreneurs Taking?
Today the globe experiences a massive penetration of information technologies and artificial intelligence into the business environment – automated processes or voice command devices are a present-day trend. Lithuanians are also actively heading their way in these fields – according to the latest data of Startup Lithuania, 81 per cent of new startups are established in the IT field at hackathons.
What Makes Lithuanians Stand Out in the Global Gaming Industry
During the Hacker Games hackathon that took place in Vilnius last December, the team that created the Mushrooming game were declared the winners in the gaming league. This autumn, the game was nominated as one of the best games in the mobile application category. The Lithuanians managed to stand out in the highly competitive gaming industry by implementing an unexpected and ingenious solution.
China–United States trade war offers a chance for Lithuanian exporters to stand out
The economic tension between the US and China could be beneficial for Lithuania, since China has been putting all of its efforts seeking to improve its trade with other states by opening its market to foreign suppliers. This can be proved by the China’s first organised international trade fair “China International Import Expo”, held on 5-10 November, with 18 Lithuanian companies participating in it.
China is a new trade horizon for Lithuanian food and textile companies
Lithuanian amber jewelry, beer, bread crisps, unique perfumery products, baby food, diary and many other Lithuanian-made products will be showcased at the upcoming China International Import Expo (CIEE). In total, 18 Lithuanian companies will present their products and services of clothing, accessories, food and beverage products in more than 160 squared meters area on 5-10 November.
Life Sciences Baltics Startup Pitch Challenge winners revealed
Lithuanian startup Oxipit was crowned the winner of Pitch Challenge by Johnson & Johnson Innovation winner at Life Sciences Baltics on 27 September. A startup that uses AI to diagnose cancer beat out 9 other startups in the Pitch Challenge which consisted of four minute pitches and Q&A session.