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Baltic countries record EU’s largest increases in employment in Q2 |
Estonia recorded the largest employment growth in the second quarter year on year, at 3.1%, according to the EU statistical office Eurostat data, bbn.ee reports. Latvia was second with 1.9% growth, followed by Malta with 1.6% and Lithuania with 1.5%.
In the EU, the average employment fell 0.2 percent from the second quarter of 2011, whereas eurozone recorded a 0.6 percent fall. |
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Outgoing US ambassador to Lithuania: I wonder how you did it in crisis |
Outgoing US Ambassador to Lithuania Anne E. Derse says she was surprised at how Lithuania managed to emerge from a deep recession and get back to economic growth. "I wonder how you did it," the ambassador said in an interview with BNS. In her last interview in Lithuania, Derse has also said Lithuania and the United States have become equal partners during her ambassadorial term, strengthened security cooperation and opened up new opportunities for business. |
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From pain-inspired idea to herbal pill on a saturated market |
One man against pharmacy giants. 28-year-old Andrius Kavaliauskas held his ground in the competitive combat and is now very glad that he did. “I hold it in my hand and I know how to sell it,†he says, extending a box with a herbal drug he has developed. First comes an idea, than research to test it, labs, scouting for a manufacturer and financing, contracts with pharmacy chains |
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Children of Emigrants Studying in Virtual Vilnius School |
Great Britain, Norway, Germany, Thailand or even Nepal – Lithuanian emigrants and their children are scattered all over the world. Many of them still heard the school bell ringing from Vilnius on 1 September. There are currently over 1000 students in Oz’s Gymnasium. However, 570 of them only see the school’s walls once every six months during the examination period. They all spend their days before a computer; remotely communicating with teachers, preparing homework or mastering a new lesson. |
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IKEA flagship store to revive the left bank of Neris |
On Thursday, the investors that built the IKEA shopping centre in Vilnius and the government of the capital ceremonially put the symbolic capsule in the wall of the building for future generations. The IKEA store will open its doors in next August, and the twice as big shopping complex will be targeting buyers on the left bank of Neris |
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H&M establish branch in Lithuania |
On Tuesday, retail clothing chain Hennes & Mauritz (H&M) established a branch of the network company UAB H&M Hennes & Mauritz in Lithuania.The company is registered in Vilnius. Its manager is Karl Johan Persson and company’s share capital is 10,000Lt, according to data provided by the Centre of Registers.
It was previously announced that H&M is planning to open 2 stores in Lithuania in 2013. |
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