How the modern dictionary explains and defines such occupation as consultant - "an expert or specialist in a certain area who works as an advisor either to a company or either individually." This definition sounds understandable as well as consultant‘s job is to consult.
More...The business environment composes one of the main items of the state’s competitiveness among the other world countries. The right and suitable business environment has a huge impact on the any country’s appropriate attraction of investments that increase internal welfare growth and an export possibilities.
More...Business Integration Set for a small and medium size ventures.
More...On the 1st of January 2015 Lithuania will become the 19th member state of the Euro zone, further deepening and developing financial and economic integration with the rest countries in Old Continent that belong to general European market of Euro.
More...The ONS has analysed the nature of Britain's economy and how it compares with other G7 countries. Here are the main points.
More...The Tallinn Town Council directed to the city council a draft decision to allow all Tallinners to use a vessel on a line Tallinn-Aegna-Tallinn for free.
More...On Thursday, by adopting the Law on the Euro Adoption, as well as secondary legislation, the Parliament of Lithuania (Seimas) has established the legal basis to introduce the new currency in Lithuania.
More...In March 2014, the results of cargo turnover in Klaipeda Seaport were quite near the best cargo handling results achieved throughout the entire period of the history of the Seaport – 3 234,3 thou. tn; the best month through the entire history of the Seaport was October of 2011 – 3 298,2 thou. tn.
More...Lithuania-based investment company Invalda LT in 2013 earned 107.3 million litas of audited consolidated net profit attributable to the shareholders of the company, the enterprise said in a statement, cites LETA.
More...At la Défense, Europe’s biggest purpose-built office complex, workers are putting the finishing touches to the Majunga Tower. The handsome 45-floor building in the business district west of central Paris is due to open around August. There is only one drawback. The building, currently unlet, will add 63,000 square metres to a park where the vacancy rate already tops 12%. Another big building is scheduled to open in 2014.
More...Sweden's average hourly labour costs are just over €40 per hour, high enough to land the country at the top of the EU28 charts, according to a new survey.
More...Billund Airport was ranked the fifth best regional airport in Europe
More...In the context of Ukraine's crisis, the Government will allocate LTL 200 million (EUR 57 million) for Lithuania's businessmen striving to re-orient the business from the problematic eastern markets or to create new business, informs LETA/ELTA.
More...In its first set of results since the IPO in October, the Central and Eastern European booze maker and distributor Stock Spirits Group said its operating profit rose 7.5% as the market recovered from the methanol poisoning scandal in the Czech Republic and drinkers in the region continued to migrate toward drinking premium locally made brands.
More...The Ministry of Foreign Affairs expects Danish exports to Poland to double over the next six years to 33 billion kroner
More...The probability that the supply of the Russian oil to Lithuania could be disrupted is not very great. Yet representatives of energy sector began considering possible alternatives, reports LETA/ELTA, referring to Lietuvos rytas.
More...Practically every second bottle of wine bought in Germany comes from one or other of the country's fable discount supermarkets such as Lidl and Aldi.
More...Norway's third-largest salmon farming company SalMar plans to start rearing fish out to sea using constructions based on oil platforms, each of which could house eight times as many salmon as conventional cages.
More...Two German car giants unveiled soaring sales and profits on Thursday. BMW said it achieved record earnings while Volkswagen hopes to sell a record 10 million vehicles this year.
More...Data of the Survey on Income and Living Conditions, conducted by the Central Statistical Bureau of Latvia in 2013 show that despite the fact that household monthly disposable income is gradually increasing, this growth cannot cover the daily costs indicated by households.
More...According to former Polish President Aleksander Kwasniewski, a high level of goodwill was important in solving some of the problems between Lithuania and Poland, reports ELTA. Kwasniewski highlighted, though, that the period ahead of elections was not the best time to search for new solutions. In 2014, the elections to the European Parliament and the Lithuanian presidential elections will be taking place.
More...Millions of people are owed refunds by their former energy company, according to the watchdog Ofgem. It said yesterday that the Big Six firms have kept more than £400m over the past six years from customers who have switched supplier or moved house.
More...Lithuania is the leading country in Europe for its share of citizens that have fibre-optic connection, according to the ratings by the Fibre to the Home Council, www.lithuania.lt has informed.
More...In 2013, as compared to 2012, Lithuania was the leading country in the wind energy production among the Baltic States. Estonia was the second and Latvia – the third, reports LETA/ELTA.
More...The EU authorities are trying to attract member states’ attention to the SMEs activity. Recent “action plan” shows some progress in doing business. SMEs play a decisive role in the European economy’s competitiveness and dynamic. To help them realise their growth potential, the EU is working towards promoting entrepreneurship and creating a friendlier business environment for SMEs.
More...At tripartite negotiations on the project Rail Baltica joint venture shareholders agreement, held at the Ministry of Transport and Communications of Lithuania between Lithuania, Latvia and Estonia, an agreement was reached: essentially, Vilnius will be part of the trans-European Rail Baltica gauge route, the Transport Ministry of Lithuania said in a statement, reports LETA.
More...Global Danish companies urge the universities to focus more on the needs of the companies
More...The European Parliament on 26 February approved a revised EU Tobacco Products Directive. This new law strengthens the rules on how tobacco products are manufactured, produced and presented in the EU, and introduces rules for certain tobacco-related products.
More...Pharma giant expects annual growth rates in Pakistan to be about 30 percent
More...Swedish exports decreased seven percent in the past year, yet trade was comparatively buoyant in the last quarter of 2013 compared to the months prior.
More...Lithuania's Labour Exchange acknowledged company Baltic Fish Export, which belongs to Viciunai Group, as the company that created the largest number of targeted jobs in Lithuania, informs LETA/ELTA.
More...The unaudited consolidated profit before income tax of Apranga Group amounted to LTL 45.3 million (EUR 13.1 million) during the twelve months of 2013, while Apranga Group has made the profit of LTL 44.0 million (EUR 12.7 million) in the same period of 2012 (increase by 3.0%), informs LETA/ELTA.
More...Sweden's top-three defence products account for 42 percent of all exports.
More...The relationship between business and government is becoming increasingly antagonistic. But the two sides should not overdo it: they need each other.
More...Xeros's listing in March could bring pioneering, environmentally friendly washing machine technology to mass market
More...For the first time in the history of Lithuania, the IT startups that had the most impact on the country's image, economy and development of technologies in 2013 were awarded last week. Based on a survey of startups conducted by Enterprise Lithuania at the beginning of the year, the advisory board of the Startup Lithuania community selected winners in eight categories. Only companies that were established in the past three years and that have existing products or prototypes thereof were assessed.
More...The anticipated recovery of growth in the euro area should have a favorable impact on Central and Eastern Europe, writes SEB.
More...Investors offload gold after emerging from traditional safe haven to find demand has slumped to four-year low
More...In January 2014, the external assets and external liabilities of the Bank of Lithuania increased by 333 million litas and 202.1 million litas, respectively, the Bank of Lithuania said in a statement, cites LETA.
More...Danish companies invest a lot more abroad than foreign ones bring into the country.
More...The recorded net portfolio investment outflows of Lithuania amounted to respectively 603.9 million litas and 5.1 billion litas in December and January–December 2013, the Bank of Lithuania's Statistics Department said in a statement.
More...More Lithuanian firms are ready to enter China's market in 2014, new trends show.
More...According to Lithuania’s Ministry of Finance data, almost all of the EU structural support funds allocated to Lithuania for the 2007-2013 period have been disbursed. Lithuania remains in the top three of EU countries in terms of supports funds absorbed.
More...The Latvian government has supported a sale strategy for the troubled metallurgical company Liepajas Metalurgs.
More...The leaders of European Union countries are aware of the need for stronger rules to react to new threats associated with various methods of money laundering. These threats are constantly evolving, which require regular updates of the rules.
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Norwegian salmon farming giant Marine Harvest has posted its highest profit ever on the back of record high salmon prices and solid growth.
More...Fishermen in Sweden are turning their backs on their trawlers according to new figures which reveal that a third of them have quit their jobs over the past 12 years as the industry continues to take a battering.
More...Lithuanian-based real estate investment company Hanner will invest LTL 66 million (EUR 19 million) in Lithuania and this will be 40% more than last year when the company's investments reached LTL 47 million (EUR 13.5 million), informs LETA/ELTA.
More...The National Audit Office conducted an audit in state institutions and has determined that there are flaws in the protection of personal data, reports ELTA. The Office aimed to assess whether personal data processed by automatic means is effectively protected and overseen.
More...Russia’s consumer protection watchdog Rospotrebnadzor at year-end lifted the ban on the importing of products from Lithuanian milk processing company Pieno Zvaigzdes, reports ELTA. The information was announced on the official Web site of the Russian Agency Rospotrebnadzor.
More...More than one-fourth, or 28 percent, of Lithuanians would consider a possibility to work abroad within next ten years and one-tenth of the Lithuanians currently residing in the country have worked in another European Union (EU) country, the Eurobarometer survey conducted by market and media research company TNS LT has shown.
President of Lithuania Dalia Grybauskaite opened the worldwide seminar "Structural Change Promoting Gender Equality in study Organizations". This event is a part of the Lithuanian EU Presidency programme, informs Lithuanian presidential press service.
More...Latvian Saeima passed amendments to the Immigration regulation in the last reading, confirming the coalition's compromise on the scheme of provisional residence permits, reports informational agency LETA.
More...On Tuesday, Lithuania's Prime Minister Algirdas Butkevicius met with representatives of the U.S. enterprise delegation. Butkevicius presented the principle of the support of the investments in order to appeal more of the capital of the foreign countries into Lithuania.
More...Although Lithuanian enterprises are experiencing economic recovery, wages should not yet be anticipated to increase. In 2013 salary allowances of Lithuanian businesses increased by just 1.7 per cent.
More...In Q3 2013, the revenue of the UK business ‘International Personal Finance’, which established the business ‘Provident Finansai’ in Lithuania, has expanded by 19 per cent and now reaches EUR 38.2 million.
More...Latvia and Lithuania have some of the largest figures of youngsters of any homeland who’ve developed up surrounded by the Internet, a new report shows. New study from the UN’s worldwide Telecommunication Union (ITU), show how the Baltic States boast the highest figures of 15-24 year olds who’ve developed up round the Internet, qualifying as ‘digital natives.’
More...On 4-6 December 2013 the Ministry of Economy of the Republic of Lithuania along with the Agency for Science, Innovation and Technology will hold the first Vilnius Innovation Forum ‘Innovation Drift’ in Vilnius .The Vilnius Innovation Forum ‘Innovation Drift’, which is expected to be among the leading events in the EU during the Lithuanian Presidency, is planned to convene 600 participants from different countries of Europe.
More...Malgožata Runevič-Vardyn, Polish-speaking young woman of Republic of Lithuania, has lost a court case wherever she wished to possess her name spelled in non-Lithuanian characters, as Malgorzata Runiewicz-Wardyn, in her birth and wedding certificate.
More...European commissioner calls for EU rescue mission for migrants spanning entire Mediterranean from Spain to Cyprus. The European Union has come under pressure to revamp its immigration policies in the wake of the Lampedusa tragedy that led to the deaths of 274 people in Italian waters last week
More...Some investors believe it is now good time to buy shares of Amber Grid, in particular as the government proposes to buy out the shares in the Lithuanian natural gas transmission system operator from Russia’s gas giant Gazprom.
PAUL COLLIER is one of the world’s most thoughtful economists. His books consistently illuminate and provoke. “Exodus” is no exception. Most polemics about migration argue either that it is good or bad. They address the wrong question, says Mr Collier. The right one is: how much more migration would be beneficial, and to whom?
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Three-fourths, or 24 of 32 Lithuanian companies listed on the NASDAQ OMX Vilnius Stock Exchange and the Warsaw Stock Exchange, recorded a profit in the first half of this year, which totalled 489.45 million litas (EUR 141.8m) in aggregate, the central Bank of Lithuania says in its latest review of the results of issuer operations.
More...THE job of clever people is to ask difficult questions. The job of very clever people is to ask deceptively simple ones. Eighty years ago a young British economist wondered: why do companies exist? The answer that he gave remains as fascinating today as it was back then.
More...On 17–23 September 2013 the International Monetary Fund (IMF) Mission, headed by Julie Kozack, a representative of the European Department of the IMF, will begin work in Lithuania.
More...WHEN the Frankfurt motor show opens its doors to the public this weekend, visitors had better watch their step: they will encounter many new models getting their power by plugging into the wall. This is the year of the electric car, at least as far as European carmakers are concerned. They are ready to deliver a record number of hybrids, plug-ins and pure battery-electric vehicles (BEVs), covering just about every size and price range.
More...According to OECD (the Organization for Economic Co-operation and Development) latest announcement of annual Better Life Index Australia for the third consecutive year is declared the happiest country among developed world states. In the top 5 of happiest countries are several European countries from Scandinavia, located near the Lithuania - Norway and Sweden. Among the happiest – Canada and Switzerland too.
More...About Vilnius as the historical capital of Lithuania, multicultural city and center, there are a lot of written – from legends to scientific discoveries. This time we would like to look at, for Lithuanians and foreigners living in Lithuania, precious city through the prism of tolerance, how this phenomenon has been and is important in today's society, how much tolerance influenced the economic development, is it worth to identify the city with this word, which everyone perceive differently ....
Hansa - north German former land, Prussian and Livonian cities’ trade and political union, founded in 1280, in Lübeck. In XV century it owned about 160 cities from 10 countries. If translate from the German language, word „Hanse” means „group”, „union”.
More...Even though the Big Bang that gave birth to time itself happened 13.7 billion years ago and scientists can only guess what happened in its wake, there is a slight chance to glance at one of the first phenomena in the universe. Scientists at NASA are currently working on complex technology required for the endeavour and among them is Jonas Žmuidzinas, a 52-year-old Lithuanian-American astrophysicist.
More...His story warrants a cinematic treatment. At eight, together with his mother and two sisters, he fled to Germany, to escape the Red Army; at thirteen, he came to the United States. He grew up without a father, worked hard and studied all his life. At 76, Romualdas Kriaučiūnas was awarded by the Ministry of Education and Science of Lithuania for his life-long achievements in promoting science.
More...Despite the painful austerity and the shortening of budgets in the Lithuanian economy, there is one bright spot in the spending horizon. Today, Statistics Lithuania reported that the country’s spending on research and development (R&D), a crucial factor in innovation and value-added products, grew to 0.92% of GDP in 2011. In more specific figures, the spending rose by 28.5% (974.3 million litas – EUR 282.4 mn)
More...This July, it had been fifty years since the first computer was turned on in Lithuania. What other dates of note punctuate the history of information technology in this country? One of them doubtlessly must be Lithuania’s entrance into the world wide net.
More...Early next year, at the latest, a unique biopharmaceutical research center of biotechnology company Biotechpharma will be fully operational in Lithuania. The center is expected to service companies from the United States and Western Europe.
More...Two design works by second year students of Vilnius Academy of Arts got into an annual household appliance concepts competition ‘Electrolux Design Lab’ semifinals, vz.lt reported on 3rd August. From more than 1,200 projects submitted to the Swedish manufacturer of home appliances competition, a device ‘Salt Spoon’ by Barbara Adamonytė and Vilius Dringelis work ‘Fridge Nose’ were selected to top 30.
More...When the National Space Association, later renamed Lithuanian Space Association, was set up in 2009, many laughed. But while sceptics were making fun, scientists were silently working on a Lithuanian space satellite.Young professionals, sparing no time, talent, or money, seek to prove that Lithuania can proudly participate in space exploration along with the United States, Russia, China, or India.
More...Vladas Algirdas Bumelis. These are the only words on a business card extended by the 2012 Lithuanian business leader of the year. No offices, no titles. Bumelis, who has just finished a job in one influential post, is already talking of a new challenge – building a generic drug factory in Lithuania.
More...The top position of “Veidas” magazine’s university ranking once again goes to the Vilnius University (VU), which has never been outscored, lrytas.lt reported on 21 May.Vytautas Magnus University (VMU) is in the second place, Mykolas Romeris University in the third, Kaunas University of Technology (KTU) is the fourth and Vilnius Gediminas Technical University is the fifth.
More...A new survey shows that employees who aren't into their jobs cite their relationship with their boss as the biggest problem. If you think employee engagement is one of those warm and fuzzy phrases found in the self-help aisle, think again. According to new research, not only should you be taking employee engagement seriously, it’s probably already a problem within your company. And you might be to blame.
More...It was the bold title of a conference this month at the Massachusetts Institute of Technology, and of a widely read article in The Harvard Business Review last October: “Big Data: The Management Revolution.”Andrew McAfee, principal research scientist at the M.I.T. Center for Digital Business, led off the conference by saying that Big Data would be “the next big chapter of our business history.” Next on stage was Erik Brynjolfsson, a professor and director of the M.I.T. center and a co-author of the article with Dr. McAfee. Big Data, said Professor Brynjolfsson, will “replace ideas, paradigms, organizations and ways of thinking about the world.”
More...We talk a lot about major pivots--but what about minor ones? Here's how one small piece of pivotal behavior can change your company for the better. Can a single behavior elevate an entire organization? It can - if it’s the right behavior. Here’s how a simple 1-minute act helped an organization reinforce its purpose and outperform its competition by leaps and bounds.
More...The entire Lithuanian dairy industry is controlled by five major companies: Pieno žvaigždės, Rokiškio sūris, Žemaitijos pienas, Vilkyškių pieninė, and Marijampolės pieno konservai. They are doubtlessly the strongest dairy plants in the Baltics, since their competitors in Latvia and Estonia are incomparably smaller and the two dairy markets are more divided.
More...CEOs have two levers they pull on a regular basis to influence their organizations. The first lever adds to, or takes away from, strategic intentions. The second one controls the hiring of key talent to ensure that the right people are in the right seats. Levers work well for many of the factors that impact business success; but one area-employee engagement-resists “leveraging.”
More...Why can't we change our organizations? Year after year, the list of companies that no longer exist because they were unable to evolve continues to grow. It includes such household names as Sunbeam, Polaroid, Tower Records, Circuit City, and Drexel Burnham Lambert. After six decades of study, untold investment, and the best efforts of scholars, executives, and consultants, most organizational change efforts still underperform, fail, or make things worse.
More...The time has come for Lithuanian producers to start shifting some of their exports to larger and healthier markets. Therefore, an increasing number of Lithuanian industries are pursuing an aggressive expansion strategy in various Eastern markets. Of course, such shift does not come without its challenging tasks.
More...On Thursday, the investors that built the IKEA shopping centre in Vilnius and the government of the capital ceremonially put the symbolic capsule in the wall of the building for future generations. The IKEA store will open its doors in next August, and the twice as big shopping complex will be targeting buyers on the left bank of Neris.
More...After three years of negotiations Lithuanian National Road Carriers’ Association Linava has been informed by the Customs Service of the Russian Federation that customs officers were ordered not to carry out additional screening of Lithuanian goods and vehicles, according to ELTA. According to the president of Linava Algimantas Kondrusevičius, the Customs Service of Russia not only discontinued additional screening, but also abolished the lists of reliable and unreliable carriers.
More...Sanitary paper products manufactured by Grigiškės AB were awarded the EU Eco-label Flower, NASDAQ OMX Baltic reports. Grigiškės AB is the first company in Lithuania to be awarded this label by the Environmental Protection Agency. The EU eco-label is awarded to goods and services meeting the environmental demands for EU eco-labelling scheme, reports LETA/ELTA.
More...Company “Ioli Supermarket Ltd.”, which was established by Lithuanians and manages the distribution network “IOLI Gastronomia”, has acquired another distribution network in Georgia “Populi” and became the largest retail network of the necessity goods in the country, delfi.lt reported on August 2nd.
More...Lithuania suggests making better use of the opening opportunities for the cooperation of the so-called Nordic Bow that includes the Nordic-Baltic countries and the United Kingdom. On 18 July in Vilnius, Lithuanian Minister of Foreign Affairs Audronius Ažubalis met with Secretary of State for Foreign and Commonwealth Affairs of the United Kingdom William Hague to discuss cooperation opportunities.
More...On 2 July in Vilnius, Lithuanian Vice-Minister of Foreign Affairs Egidijus Meilūnas met with the new Ambassador of Turkey to Lithuania Akın Algan to discuss the development of bilateral relations and prospects of economic cooperation.
More...On June 27 in Vilnius, Minister of Foreign Affairs of Lithuania Audronius Ažubalis held a meeting with Minister of Foreign Affairs and Cooperation of Mauritania Hamadi Ould Baba Ould Hamadi, during which he stressed Lithuania’s wish to strengthen bilateral and multilateral cooperation with Mauritania, and to further economic relations. They also agreed to expand legal framework for bilateral cooperation.
More...GRG Banking Equipment, China’s largest provider of currency recognition and cash processing solutions, is opening its doors in Vilnius, investlithuania.com reported on 26 June. One of the ten largest companies in this field and rapidly expanding all over the world, GRG Banking Equipment has chosen Vilnius as a springboard for its further expansion in Europe.
More...On June 22 in Vilnius, Minister of Foreign Affairs of Lithuania Audronius Ažubalis and Chairman of the NATO Military Committee Knud Bartels discussed the progress of the Lithuanian Energy Security Centre in achieving the status of a NATO's Centre of Excellence.
More...Aidas Laurinavičius, the director for commerce at Vilnius International Airport, is full of ideas for making the rapidly expanding airport even more attractive to passengers. A new terminal has recently opened. A special train now takes passengers from the airport to the railway station. Next year the airport hotel will be modernised, and passengers will be offered attractive new services. A separate VIP lounge will be available for businessmen.
More...“Skynet” Network Operations Center Deputy Vladimir Kiseliov said that the current record of the Internet speed has been achieved with the help of high quality equipment, which was chosen in the right time and utilised professionally.
More...Information technology has developed a lot and it has become an integral part of important business processes. That is why, leaders of organizations and specialists are wondering, what is the future of IT in 2012? Here are the forecasts of IT specialists in 2012.
More...Lithuanian Marketing Association and the “Business News” marketing specialists carried out a survey in December. The results showed that even 65.7 percent of companies are about to increase marketing costs for advertising on the Internet this year. Overall, in 2012, 53.4 percent of companies are about to rise marketing budget. It is almost 6 percent more than previous year. 8.6 percent of all questioned are going to increase the budget for more than 50 percent. Meanwhile, only 18.6 percent of questioned are going to reduce marketing costs.
More...Statistics Lithuania reports that, based on non-final data, in 2011 gross domestic product (GDP) increased in all counties. The contribution of the regions to the country’s GDP was very different.
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