Initiatives to help businesses in the face of the pandemic
Up to date, Lithuania has less than 1900 total cases and less than 100 deaths related to COVID-19. This shows that the response from the government agencies, business and the population has been effective.
The quarantine has changed consumer habits: nearly a fifth will buy more online
The quarantine, that lasted for three months in Lithuania, not only has stimulated the business to reorient and to pay close attention to e-commerce, but has also changed consumer habits. A poll of Lithuanian population revealed that during the quarantine every fifth person bought more than usual online, and nearly a fifth of the respondents intends to continue buying more online. During this period, the scale of e-commerce in the Baltic States in general has increased by 80%, and consignment flows in Lithuania grew by 54%.
IMD World Competitiveness Ranking: Lithuania's economic development is gaining stability
Lithuania lost two positions in the IMD World Competitiveness Index, calculated by the Swiss Institute of International Management and dropped from 29th to 31th place. According to the four groups of criteria for the assessment of countries, Lithuania has significantly improved its position in the field of economic development but has declined in the areas of business efficiency, public sector efficiency and infrastructure assessment.
Lithuanian businesses join forces to combat COVID-19
In the face of the pandemic, businesses and institutions in all countries began looking for solutions to contribute to faster management of COVID-19. Lithuania is not an exception: Lithuania exports and entrepreneurship agency “Enterprise Lithuania” promptly mobilized and took the initiative “Business against COVID-19”. This initiative aims to coordinate the Lithuanian businesses who can supply and manufacture personal protective equipment (PPE). The list of companies producing or providing PPE prepared by the agency includes more than 200 Lithuanian companies, of which as much as 30% are manufacturers capable of supplying their manufactured PPE.
Business leap to the Internet: 1000 online shops in one place, every tenth - a new one
In the first week of quarantine, the entrepreneurship and export development agency “Enterprise Lithuania” initiated the business support initiative “No quarantine on the Internet”, which per one month gathered 1000 Lithuanian online shops under one domain www.internetekarantinonera.lt. It brought together 100 professionals who have become mentors for businesses that are looking to digitize their activities and 20 partners who have offered support to make it as easy as possible for the businesses to move into a virtual space.
While fighting against COVID-19, Lithuanian companies are showing solidarity and are discovering new opportunities
In just over a week, 176 companies have already registered on the Entrepreneurship and Export Development Agency’s “Enterprise Lithuania” information website “www.verslaspriescovid19.lt” and provided information on their capabilities to produce and supply the necessary tools to combat the COVID-19 virus. Among the names on the list are both already existed businesses and the newcomers to the medical market – businesses that have quickly reoriented and adapted their production capacity for the production of personal protective equipment, disinfectants and medical devices, which are currently in the greatest demand.
The conversation with an old acquaintance has given rise to the international project of global significance
Ingrida Olendraitė, a doctoral student at Cambridge University, an alumnus of Vilnius University, had little expectations that her meeting with an old acquaintance during Life Sciences Baltics will evolve to an international project together with the greatest minds in the field of virus research.
Lithuanian scientists aim to be at the forefront of the new breakthrough in medicine
Lithuania has more than enough potential to become one of the leaders in the biotechnology field. This is the conviction of Agnė Vaitkevičienė, the head and the co-founder of the first and so far the only producer of individualised advanced therapy medicinal products (ATMPs) in the Baltic countries. According to her, medicines developed according to the needs of each patient are the future of medicine, to which Lithuania also contributes.
Business has more than one Everest
Origins of Lithuanian kids wear brand Mummymoon should be traced in Norwegian fjords, Vėjūnė Unikauskienė, Director of Trinity time UAB, company that owns this brand, joked.
Lithuanian experience of private medicine for Irish patients
The Medical Diagnostic and Treatment Centre operating in the capital of Lithuania for 22 years by now and boasting the good reputation is consistently assuring quality and improving it, it is an ongoing journey on the way of unconventional thinking, different approach, improvement of actions by creating the best value added for customers.
March Design Studio: how Lithuanian minimalism conquered one fourth of the world
Abroad, in particular in Scandinavia, France, Italy, and even Japan, the March brand is considered to be the guarantee of aesthetics and quality.
Why Lithuania becomes a meeting place for science, business, education and research
Established in 2008, Santara Valley is now a rapidly expanding area of business intelligence, medical and research institutions where highly qualified employees and scientists create knowledge and products of the highest quality and are able to offer them to their partners all over the world.