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January 18 d., 2018

Lithuanian scientists' solution for shaky hands condition hits the market 2 d.

ViLim Ball technology created at a Lithuanian startup company Fidens helps to reduce uncontrollable shaking hands, which is one of the symptoms of essential tremor. The technology is effective in 7 out of 10 cases, and it can also be used to alleviate morning stiffness of joints for rheumatoid...

Smuggled cigarettes account for 19.6% of Lithuania's market 2 d.

The 2017 growth of the amount of illicit tobacco products in Lithuania was the biggest over the past five years, with smuggle d cigarettes accounting for nearly a fifth of the cigarette consumption level, according to an empty pack survey carried out by Nielsen.

Chinese FinTech startup PanPay has arrived to Lithuania 2 d.

The Startup Visa programme initiated in Lithuania nearly a year ago to attract foreign talents to Lithuania has gained momentum. The geography of young entrepreneurs aspiring to set up innovative startups in Lithuania stretches from China to the United States of America, and their business...

Health Minister sees no sense in sugar tax amid plans to improve product contents (2) 2 d.

Sugar tax is not planned in Lithuania for now, as the content of sugar in products should be reduced through agreements with manufacturers, Health Minister Aurelijus Veryga says.

January 15 d., 2018

EU’s new data protection regulation: more rights for individuals, colossal challenges for businesses 5 d.

The General Data Protection Regulation, or GDPR, may sound like one more arcane package of rules coming from Brussels, but saying it’s “a big deal” does not even begin to cover it. The directive will affect every company inside the EU, as well as those outside the EU, doing business with...