News

We invite you to check out our weekly selection of the TOP news about Lithuania:

The Maturity of Lithuanian Startups is Increasing (Lithuania.lt)

Lithuania’s startup sector is booming, contributing an impressive EUR 202.5 million to the country’s budget in the first half of 2024. This represents a 10% increase, or almost EUR 20 million more than the same period last year, according to data from the association Unicorns Lithuania. The second quarter of 2024 saw startups paying EUR 110.5 million in taxes, up from EUR 92 million in the first quarter. Vinted led the way in tax contributions during this period, while Wargaming paid the highest salaries.

Lithuanian Start-up Ecosystem: We Will Innovate Even Faster in the Future (Lithuania.lt)

For the 12th time now, Vilnius will be hosting Startup Fair, the largest international event in the Lithuanian start-up ecosystem. This year’s theme, Pulse, has been chosen for a reason, inviting attendees to immerse themselves in the dynamic start-up environment. Organized as usual by a team at the Innovation Agency, Startup Lithuania, this free event is set to welcome over 2,000 participants from 68 countries. Its goal is to inspire innovators to launch their own ventures and to raise awareness among the Lithuanian population about the value the startup ecosystem brings to society.

Europe’s Newest Foodie Destination (Forbes)

It seems like almost overnight, Vilnius has gone from culinary underachiever to Europe’s latest foodie destination. That’s because the folks who compile the Michelin guides and dole out those coveted stars visited Lithuania for the first time earlier this year and then announced their findings on June 14.

Lithuania’s Thriving Outdoor Culture and Its Impact on Work-Life Balance (Lithuania.lt)

When people think of Lithuania, dense, mystical forests often come to mind. While Lithuania does have forests, it ranks only 20th in Europe for forest cover. However, by law, you can roam freely in every forest, even privately owned ones. And the country’s natural beauty extends far beyond just its forests.

See you next time!

Permanent Representation of Lithuania to the European Union