Siemens improves forecasts for the second time due to AI orders
Germany’s industrial sector giant “Siemens” on Thursday for the second time this year improved its performance forecasts after expenses on artificial intelligence (AI) led to…
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Court: “Baltic Financial Company” claim for the Bank of Lithuania to compensate 1 million euros in damages – unfounded
The Bank of Lithuania (LB) in 2022 unlawfully refused to grant a specialized bank operating license to the company “Baltic Financial Company”, the latter’s demand for this from LB…
Siemens improves forecasts for DI orders for the second time
Germany’s industrial sector giant “Siemens” on Thursday for the second time this year improved its performance forecasts after expenses on artificial intelligence (AI) led to…
Is it possible to write off debt to a former spouse through personal bankruptcy?
This is exactly the kind of dispute that was examined in Lithuanian courts. In the case where the creditor’s interests were represented by AVOCAD associate partner, lawyer Egidijus Kieras, it was decided whether an individual’s bankruptcy can be a basis to get rid of a debt that arose not from business or a loan, but…
Lithuanian startup tax record: 228 million euros in one quarter
Startups operating in Lithuania contributed 228.2 million euros to the state budget in the second quarter of 2026. This is the largest amount paid in a quarter so far and 38 percent more than…
ILTE lent from own funds 3.4 million euros for the construction of a multifunctional complex in Tauragė
Nacionalinis plėtros bankas ILTE provided a loan of 3.4 million euros from its own capital to the Tauragė district municipality – the funds will be allocated for the multifunctional sports and cultural complex…
Ragina sparčiau indeksuoti pensijas, tačiau siūlymas pakibo ore
Prezidentūrai raginant Vyriausybę pateikti išvadą dėl šalies vadovo siūlymo dalį „Sodros“ biudžeto pertekliaus nukreipti ne į rezervą, o kitų metų pensijų papildomam indeksavimui,…
Defense bonds issued for another 47.4 million euros
People, businesses, and other organizations purchased defense bonds worth 47.4 million euros from July 21 to August 3, with 1976 transactions made, the Finance… announced on Wednesday
Polish fund allowed to acquire control of “Saulėgrąžos investicijos” and credit union “Saulėgrąža”
The fund of the Polish private equity company “Enterprise Investors” will be able to acquire control of the Lithuanian consulting company “Saulėgrąžos investicijos” and the credit union “Saulėgrąža”…
Ieva Aleksandravičė. Why one of the most successful AI funds collapsed: important lessons for investors
In July, the hedge fund “Situational Awareness,” founded by former OpenAI researcher Leopold Aschenbrenner, received the most attention on Wall Street. A few months earlier…