Lithuania’s startup ecosystem is robust: there are already over 1000 startups, well-developed infrastructure, a growing tech talent pool as well as many local investors. The 2022 Startup Genome report included Lithuania in the category of the 60 emerging startup ecosystems,…
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From Kickstarter Campaigns to ‘Made in Lithuania’ Labels
Entrepreneurs across the globe are actively marketing their business ideas and raising funds for their implementation on crowdfunding platforms. However, the overall project success rate on Kickstarter, one of the most popular platforms, is only 35.86%. This means that launching…
The Sharing Economy: ‘Uber for Bikes’ in Vilnius
In addition to ride-hailing services, Vilnius has 2 cycle hire schemes. As a city of short distances, Lithuania’s capital can use the schemes to further minimize traffic and develop sustainable sharing transportation infrastructure. There is also big marketing potential: Vilnius…
The Sharing Economy: Alternatives to Uber in Vilnius
The sharing economy has become another buzzword, partially because of a popular belief that it is an alternative to capitalism. Jim Pickell, President of HomeExchange.com, explains that the relation between the sharing economy and capitalism is contradictory: both are based…
The Clean Air Market: 3 New Solutions
China has become the second-largest economy in the world at the expense of the environment. The World Bank has estimated that the total damage caused by air and water pollution equals 6% of Chinese GDP every year. As a result,…
Freelancing in Central Eastern Europe
Freelancing has strengthened its position in the US labour market. New research by freelancing platform Upwork and the Freelancers Union shows that 60% of full-time freelancers have deliberately chosen freelancing over a traditional job. It is a 7% increase since…
The Energy Market of the Baltic Region Closer to the EU
On October 15, a grant agreement on the Gas Interconnector Poland–Lithuania (GIPL) was signed in Brussels. It is the first gas pipeline which will connect the Eastern Baltic Sea region to Continental Europe. The agreement parties are the national gas…