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Your Weekly News from Lithuania | May 21

 
Lithuanians send yellow wave across social media and the streets ahead of the Eurovision finale on Saturday, May 22, with the Roop - #LithuaniaGoesYellow
 
 
 
 
 
 
CULTURE
 
‘Extra-terrestrial planet of human bodies’ – Lithuania opens pavilion at Venice biennale
 

On May 20 Lithuania opened its pavilion at the Venice Architecture Biennale.

The pavilion features Planet of People, a project by artist Julijonas Urbonas, the founder of the Lithuanian Space Agency (LSA), a fictional organization that researches “space architecture and gravitational aesthetics”.

 

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POLITICS
 
Lithuania's Foreign Vice-Minister Pranckevičius: The EU and the US have to reform the global trading system together
 

On 20 May, the Vice-Minister of Foreign Affairs of Lithuania Arnoldas Pranckevičius took part in the Foreign Affairs Council (Trade), which focused on strengthening the world trade system, the World Trade Organisation's (WTO) reform, and the need for the EU and the US to take a leadership role in these processes.

 

 

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STARTUP
 
Lithuanian Startup Getfix Raises 100,000 EUR Investment That Will Help Them to Expand Further
 

Launched more than a year ago, platform, which connects service providers with clients, Getfix has attracted an investment of 100,000 EUR. Its founders Benas Dobrikas and Emilis Markulis are operating business from co-working space „Spiečius“ in Šiauliai.

 

 

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GLOBAL LITHUANIA
 
Rocketman and Bohemian Rhapsody director Dexter Fletcher receives Lithuanian citizenship
 

The British actor and director Dexter Fletcher has become a citizen of Lithuania.

President Gitanas Nausėda granted him the Lithuanian citizenship on a recommendation from the Citizenship Commission and in recognition of his merits for the country, the president's office said in a press release.


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INVESTMENT
 
(Un)familiar Kaunas FEZ: myths about the free economic zone
 

When it comes to economic news of the Kaunas region, one of the most frequently mentioned names is Kaunas Free Economic Zone (FEZ), a rapidly growing territory with world-famous brand names and successful stories of Lithuanian business. And although it seems that we know almost everything about Kaunas FEZ, often that “knowledge” is accompanied not only by facts but also by myths. What are they and how did they come about?

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BUSINESS & TECHNOLOGY
 
SBA Robotex head: robots are an opportunity for employees to earn more
 

There is often a concern that process robotics will replace their human employee counterparts, because the equipment will carry out their processes. But without humans no robot would be able to function, no matter how clever it may be.

 

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May 21 2021

Your Weekly News from Lithuania | May 14

Lithuania’s Foreign Minister Gabrielius Landsbergis: Lithuania to allocate 200, 000 vaccine doses to eastern partners
 
 
 
 
 
 
SCIENCE & TECHNOLOGY
 
Female leaders in tech encourage to look at certain role models
 

In the EU, only 17% of all employees in information and communications technology (ICT) are female specialists. The senior roles in leading ICT companies are often taken by male professionals too. However, the current job market trends may signalise an upcoming change: more and more women are interested in technology and engineering. Some of them start considering this career path at school whereas others tend to change their ongoing careers due to better prospects.

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POLITICS
 
Lithuania’s Foreign Minister Gabrielius Landsbergis: Modern threats do not recognise borders, so our response must be international, comprehensive and determined
 

The Minister of Foreign Affairs of Lithuania Gabrielius Landsbergis took part in the NATO Strategic Communications Centre of Excellence Riga's online event “Riga StratCom Dialogue 2021" and delivered a keynote speech during a discussion on deterrence strategy in the face of contemporary threats.

 

 

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INVESTMENTS
 
Halo.rent Raises £1.25m To Digitize Home Rental Process
 

Halo.rent, a prop-tech startup from the UK, announces the launch of its tenant engagement platform that streamlines the entire rental onboarding process and offers additional services to tenants and landlords during the tenancy. The company has raised a £1.25m pre-seed round from angel investors and the European Commission. The platform is now open to the public, following field testing with leading UK property managers.

 

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STARTUP
 
Second-hand fashion startup Vinted raises 250 mln euros from investors
 

Vinted, an online venue for people to buy and sell second-hand clothes, said on Wednesday it had raised 250 million euros ($303 million) from investors and would invest proceeds in expanding its operations in Europe and beyond.


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GLOBAL LITHUANIA
 
Kitesurfing World Champions: from Lithuania to the South African Republic
 

Kitesurfing professionals – Gabrielė Pioraitė, Maarten Haeger and Mike McDonald – unanimously claim to have found the key to their happiness. Their life passion is kitesurfing.

The woman whose efforts led to the Lithuanian flag flying in the kitesurfing championships is Gabrielė Pioraitė.

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FINTECH
 
Fintech Company from Lithuania among the Best Ten Software Developers Worldwide
 

Creditonline, a Lithuanian-capital fintech company, which develops and provides software solutions to leading market participants, has gained international recognition. The GoodFirms platform has been ranked Creditonline 9th in the global lender software segment. To date, no fintech company from the Baltic countries has been included in the list.

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May 17 2021

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