Lithuania
Lithuania Introduces Unique Business Expansion B2B Matchmaking Tool
Lithuania introduced a new business partnership and business networking platform “B2Lithuania” to boost export and facilitate international partnerships with foreign companies. The platform, which is free of charge, displays over 2,600 profiles of Lithuanian export companies operating in high-tech engineering, ICT, life
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Lithuania’s BENKER Set to Launch as Europe’s First Licensed Blockchain Neobank
BENKER, developed by BEM Europe that is headquartered in Lithuania, has been officially licensed to be what has been touted as the first blockchain neobank in Europe. Receiving the approval from the Bank of Lithuania on January 13, 2022 to
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10 Reasons to Work and Start a Business in Vilnius
As businesses become more global, companies planning to relocate or expand are looking for cities that are attractive both for economic reasons and for the wellbeing of their employees. Finding locations matching these criteria may not be easy, but Vilnius
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Revolut Granted Lithuanian Banking License by the European Central Bank
Revolut has received a banking license issued by the European Central Bank, following a proposal by the Lithuanian central bank. The company will now provide payment services in addition to its current activities of accepting deposits and granting loans in
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E-Payment Transactions in Lithuania Grew to EUR157.6 Billion in Q3
The value of payment transactions by electronic money and payment institutions in Lithuania grew 6.3x year on year, and their income from licensed activities grew 4.8x, in Q3 this year. According to the Bank of Lithuania, the value of payment
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E-Money Institutions Leads Lithuania’s Booming Fintech Sector
Fintech companies in Lithuania are among the best and fastest adapters to the Covid-19 pandemic. Fintech Hub LT statistics show that Electronic Money Institutions (EMIs) have made the most progress. The latter have demonstrated excellent turnover and profitability figures, which
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Bank of Lithuania Continues Digital Euro Experiments
The Bank of Lithuania invites payment market participants and technology companies to participate in an experiment and together develop a payment solution that enables instant settlements in digital euro at points of sale. “The Bank of Lithuania is constantly assessing
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Multi-Cloud Security Firm vArmour Sets up Development Center in Lithuania
vArmour, a provider of application relationship management software, has just announced the establishment of their latest development center in Vilnius, Lithuania. The development center in Lithuania will be at the forefront of vArmour’s core development efforts and become one of
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SME Bank Backed by the EU to Offer €100 Million in Financing for Lithuanian SMEs
Lithuanian financial intermediary SME Bank has signed a guarantee agreement with the European Investment Fund (EIF) to support local small and medium sized businesses (SMEs). The agreement is made possible under the “European Guarantee Fund”, an initiative of the EIB
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Lithuanian Startup Okredo Raises €1 Million Ahead of EU’s Open Data Directive Launch
Open data startup Okredo has closed a €1 million seed funding round led by the Lithuanian Business Angels Fund and Presto Ventures, with support from Startup Wise Guys as well as several angel investors. Okredo said that this round of
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