On January 18, Lithuanian IoT company Teltonika IoT Group and Taiwan’s Industrial Technology Research Institute signed a deal, worth 14 million euros, to share semiconductor chip technology. Under the agreement, Teltonika will acquire the right to use the licences for semiconductor chip manufacturing technologies and devices developed by the Taiwanese institute. Taiwan’s Foreign Ministry will…
Lithuanian government on January 18 renounced the agreement signed with Belarus 16 years ago on the principles of cross-border cooperation. The Interior Ministry, which initiated the process, says the implementation of this agreement is impossible in the existing geopolitical situation and will not be possible in the near future. “This would also be an expression…
51 projects within the European Village National Programme were successfully finished last year. Their overall value is 59 million lei (2.95 million euros). Thus, 251 mayoralties received money for the works carried out, the National Office for Regional and Local Development (ONDRL) reported. As many as 490 out of the total number of 492 projects,…
Some EU member states are ready to increase their financial assistance to Ukraine, Lithuanian Finance Minister Gintare Skaiste has said after a meeting of EU finance ministers in Brussels. Ukraine is estimated to need more than 40 billion euros in aid this year to maintain schools, hospitals and other essential services. The EU plans to…
Businesses are reported to have moderated their negative expectations regarding the dynamics of production volumes for the next 12 months, a survey run among top managers by the National Bank in Q4 2022 shows. “Businesses have slightly softened their negative expectations regarding the dynamics of the volume of production of goods and services in Ukraine…
Exports of goods to the European Union countries in January-November 2022 amounted to $2354 million, up by 36.2% YoY. They have a share of 59.1% in total exports, down by 2.2%. According to the National Statistics Bureau (BNS), exports of goods to the CIS countries had a value of $929.3 million dollars, up 2.2-fold. The…
Seven entrepreneurs will access grants worth up to 2 million lei (100,000 euros) on behalf of the state for the promotion of products and services on foreign markets. The businesses were selected for financing within the Programme on Enhancement of Competitiveness of Small- and Medium-sized Enterprises (SMEs) and their Internationalization. The contracts on non-refundable financing…