Record-breaking forces of Lithuanian laser professionals to be at the world's largest laser photonics exhibition
On June 24-27 Lithuanian laser manufacturers will present their latest technologies in the most important laser industry event “Laser World of Photonics 2019“ in Munich. The Lithuanian National stand will cover an area of 313 square meters, and will house 18 Lithuanian laser companies.
Lithuania moved up to the 29th position in the World Competitiveness Ranking
This year Lithuania is in the 29th position in the World Competitiveness Ranking compiled by the Swiss International Institute for Management Development (IMD). Compared to the previous year, Lithuania moved 3 positions higher upwards in the ranking leaving behind its neighbouring countries – Estonia (the 35th position, was 31st), Latvia (the 40th position, was 40th), Poland (the 38th position, was 34th).
New trends in the start-up ecosystem: the unicorns' aspiration is replaced by sustainable business
The question when the first unicorn with over 1 billion of US dollars in value will appear in the country raises speculations for some time in Lithuanian start-up ecosystem. And even though there are many, not the one, candidates in Lithuanian system of innovative business, an example of a successful start-up, as noted by Anders Lentell, one of the speakers at the event “Startup Fair”, Swedish investor and founder of technology start-up DynaByte, is not just a unicorn label.
Good News for Startups: Barriers Will Be Reduced to Attract Talent from Abroad
Lithuania will be launching ‘Startup Employee Visa’, a procedure for attracting, retaining and integrating foreign talents that will reduce barriers for the highly qualified professionals that startups need to come to Lithuania. This was established by the memorandum signed today by the Ministry of Economy and Innovation, the Ministry of the Interior and the Migration Department.
Startup Fair becomes an important impulse for start-up development
Last year, at the international start-up conference Startup Fair, “Oxipit“, a start-up operating in the field of medicine, was recognized as the best and most potential start-up. Then “Oxipit” was only making its first steps, but today it already boldly moves along the path to a practical medical system around the world. The search for the best start-up will also take place this year at the event Startup Fair on May 30th and 31st.
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.