Our weekly selection of the TOP news about Lithuania (23-12-08)
We invite you to check out our weekly selection of the TOP news about Lithuania:
Leader’s opinion. Ekmel Cilingir: Why Lithuania’s Fintech is Booming (Vilnius TechFusion)
Lithuania is becoming increasingly established in the Fintech sector and is gaining more international recognition. The statistics do not lie – the country is attracting more investments and interests from foreign businesses every year. For example, in 2022, this sector attracted investments in the amount of EUR 67.9 million to Lithuania. During H1 2022, the country’s fintechs recorded an impressive EUR 375 million in revenue, marking an 80% increase compared to the same period in the previous year.
Foreign languages are increasingly heard on the streets of the capital city of Lithuania, and bilingualism in office environments is becoming commonplace. This trend is also supported by statistics: according to the July data from Vilnius Tourism and Business Development Agency Go Vilnius, as many as 71 000 residents in the capital are foreigners. The majority of those who have started living in Vilnius are citizens of Ukraine and Belarus, as well as skilled professionals from Western Europe and the USA.
Exclusive Interviews With Minds Shaping Lithuanian Biotech (Nordic Life Science News)
Representing 3 percent of the nation’s GDP, this sector in Lithuania demonstrates continuous growth, with aspirations to emerge as a premier destination for life sciences within Europe by 2030. It drives job creation and has a crucial role in the government’s stated desire to boost innovation and co-create, which entails fostering open collaborations.
A second aid package from Lithuanian electricity transmission system operator Litgrid has reached Ukraine, it will help rebuild the energy infrastructure of the country affected by the war. The package consists of an autotransformer delivered to Ukraine this week and other power grid equipment shipped earlier this year. The total market value of the equipment is about €3.6 million.
Small Is Beautiful: 10 European Cities Where You’ll Feel Welcome (Forbes)
Free from the cruise passengers that can take over other Baltic capitals, Vilnius has remained a bit more undiscovered. But a series of celebrations this year in honor of the city’s 700th birthday—a date determined by a 1323 letter from Gediminas, the Grand Duke of Vilnius, that announced to his European neighbors that the city would welcome newcomers—have been putting the Lithuanian capital on the cultural map.
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