British Chamber of Commerce Didzioji 5, LT-01128 Vilnius, Lithuania
REGIONAL FOCUS: KLAIPĖDA
issue No. 54, 2016 Asta Grabinske, CEO of AVIVA Lietuva
Breakthrough in Electric Public Transport
Between London & Vilnius – Villon
page 6
page 10
Vytautas Grubliauskas, Klaipėda‘s mayor supports the cycling in Klaipeda
year, six of the most important institutions of the city – Klaipėda city municipality, the university, the free economic zone, the Industrialists’ Association, Klaipeda’s Chambers of Commerce, Industry and Crafts, and, of course, the Port Authority – set the goal of creating an economic development strategy for the city. There is a huge amount of work ahead, but I believe that this new vision will yield positive economic results in the future.
What is it that makes Klaipeda unique from the rest of Lithuania? Klaipeda is Lithuania’s only port-city and remains the second-most important economic centre in the country, surpassed only by Vilnius in terms of both the portion of GDP generated in the City and budgetary scale. Moreover, Klaipėda has upheld its position as one of the leading cities in the country based on parameters such as
In addition to its traditional business, the opening of the strategic LNG terminal in 2014 propelled Klaipedos nafta into the international spotlight. We talk to the CEO, Mantas Bartuska, about this and other business streams. Can you please tell us a little about Klaipėdos nafta, its history and major achievements of the past decade? AB Klaipėdos nafta was founded in 1994 and was given the task of reconstructing the oil terminal, which had been operating since 1959 in Klaipeda Seaport. Later on the company became the operator of the new terminal. Reconstruction started in 1995 with the demolition of the old fa-
The main activities of the company are: • Oil transhipment terminal; • Liquefied Natural Gas terminal; • Subacius fuel storage. The specialised oil terminal handles light and dark oil products, transferring crude oil from railway containers into tankers; provides discharge of crude oil and oil products from tankers into railway tanks; handles provisional storage of crude oil and oil products; and provides discharge of petrol and diesel fuel (designated for local market) from tankers to tanker-trucks. The company offers mooring services; identifies quality parameters of oil products; collects oily water from vessels, supplies vessels with fuel and water. In 2010 Lithuania set the goal of establishing an LNG terminal at the ice-free port of Klaipėda in order to cut its dependency on the Russian monopolist, Gazprom. Klaipėdos nafta was handed this task and the so-called “visible job” from the paper to construction of the FSRU (floating storage and regasification unit, i.e. the ship) started in 2012.
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Klaipeda’s Free Economic Zone has notched up some successes in the past 14 years. In 2010 FDI magazine ranked it as the fifth best in terms of facilities offered, what plans are in place to improve the attractiveness of the zone? Is it filling up as quickly as originally planned? The Klaipėda FEZ aims to attract 4-5 new customers per year. In the near future, increased efforts will be put into attracting not only manufacturing, but R&D and services as well. This may only involve a few customers at the beginning, but it is hoped that this will expand given time. The company managing the FEZ is investing in its own real estate projects, which it seeks to lease to companies involved in light production, R&D and services. Complementary projects have also been enacted or planned, such as the first cafe, the expansion of the public transport system, connecting the FEZ and Klaipeda City through bicycle paths, and opening a kindergarten. continued on page 4 >
25 Years of Delivering Success
cilities and construction of new ones. The reconstruction, which was completed in 2002, was carried out without interruption of transhipment activities. Today Klaipėdos nafta is one of the most up-to-date terminals in Europe with 400 workers.
Mantas Bartuška, CEO, Klaipedos nafta
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budget, the balance between quality and price in public services, healthcare and social support, the efficiency of the public transportation system and low taxes for business and residents. In addition, for a number of years, the city has been ranked as one of Lithuania’s best municipalities. The city can also be proud of recent, ambitious new projects: a doubling of finance for culture over the past four years, the ambition to develop a common strategy with partners for economic development in Klaipeda, improving the living environment in the city by fostering sustainable mobility and more active cooperation with surrounding municipalities.
A Big Step Forwards photo by AB Klaipedos nafta
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Occasional bonuses replaced by permanent staff motivation
A Man with a Plan
In an interview with Klaipeda’s mayor, Vytautas Grubliauskas, the BCC finds out how things have gone in recent years for Lithuania’s third city and only port. We also explore what future developments are in store, as well as how the city intends to market itself in the future. How has the economic dynamism of the Baltic Sea affected the recent development of Klaipeda and your plans for future economic growth? The city can be compared to a living being: it constantly changes, grows and seeks perfection. The city’s development relies strongly on economic factors. Klaipeda’s economy is being driven by the port and/or sea-related businesses. Of course, as a port-city, we are dependent on the political situation in other countries, but it is our responsibility to set the right goals to develop the city, diversify its economy and create a positive environment for working, doing business and living. At this point of time, Klaipeda is an important educational, scientific, cultural and economic centre for the region. Our ambition is that, by 2030, Klaipeda will become the fastest developing city in Lithuania. During this time the priorities will be: the implementation of modern technology, care for the environment, as well as progressive and socially responsible business. In addition, Klaipeda is constantly looking for new opportunities for economic growth. Last
Non-bank finance remains essential service for consumers
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Arvydas Vaitkus, Managing Director of Klaipeda Seaport
Klaipeda Seaport is an encouraging example of what can be achieved when public and private sectors work together in close cooperation. The BCC talks to Arvydas Vaitkus, Managing Director, about setting new records, China and the next 25 years. With so many countries lining the Baltic Sea, there are a number of sizeable ports. What advantages does Klaipeda hold over its competitors? Traditionally Klaipeda Seaport’s strengths include: an ice–free port; flexible pricing and tariff policy; a number of modern specialised terminals; good turnover of railway wagons; and a railway
gauge the same width as those of its main markets. However, our partners from other countries have started emphasising one other characteristic, our transparency. Clear and consistent government policy has played an important role in developing the largest Lithuanian transport and transit hub. Such a business environment is highly appreciated by our partners seeking to transport their cargo via Klaipeda Seaport or to implement their investment projects. Can you please provide an idea of the relative importance of the port to Lithuania’s economy? Klaipeda Seaport and the enterprises related to it provide over 6% of Lithuania’s GDP. In 2015 the seaport’s contribution to the state and municipal budgets reached EUR 685m. Compared to other large industrial operators, Klaipeda Seaport is one of the largest employers, both in the immediate region and throughout the whole of Lithuania. More than 800 enterprises are engaged in port-related activities. All these figures demonstrate the significant contribution made by Klaipeda Seaport to the economy of Lithuania. continued on page 6 >
BCC paper issue No 54
BCC paper issue No 54, 2016
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BCC NEWS
BCC NEWS
BCC Member to Member Discount scheme
From the Chairman
Our Statement on the results of the UK EU referendum
Dear BCC Members, Friends and Readers of our BCC paper,
Whilst membership of the EU made trade between the UK and Lithuania easy, good products and services always have and always will thrive. I have no doubt whatsoever that the potential for trade between the UK and Lithuania remains unchanged.
Sponsor Members receive 5 cards, Corporate – 3 cards, Small company – 2 cards, Overseas and Social On June 23rd, we have seen that the British peoMembers – 1 card. Please share these cards with colleagues in your company. ple have voted in their referendum to leave the The information about discounts and offers is constantly updated and can be checked on the European Union. Whilst this was not the outcome BCC website www.bccl.lt. that I personally would have supported, the result The card is valid until April 1, 2017. of 52% - 48% in favour of Leave was clear and unambiguous.
On behalf of the Chamber I would like to reassure you all that we are ready as always to provide full support in strengthening relations with British partners, something that in this period of heightened uncertainty maybe even more valuable to our members.
BCC Members can benefit from the discounts offered from other Members. The Membership cards are issued to member companies and individuals of BCC Lithuania.
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The BCC paper is the official publication of the British Chamber of Commerce in Lithuania, covering a wide variety of subjects related to promoting and encouraging bilateral business relations between the UK and Lithuania. The BCC paper also provides an outlet for the chamber and its members to publish their latest news and offer their professional views on current political, economic, European and cultural topics. The paper is widely circulated: available from Lithuania’s three main airports in Vilnius, Kaunas and Palanga, business centres, hotels and the UK and Lithuanian embassies, in addition to being sent to all BCC members and business contacts, meaning it offers premium advertising space to companies wishing to engage with the Lithuanian business community. The print run of BCC paper is 4000 copies. Next publication date: November 2016
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Burns Night’16 Charity Raffle Golden Prize winner returns from China
Vaida Budrienė, winner of the prize with Sponsors
On May 5th BCC Board member Iraida Zogaite has resigned from the BCC Board. Iraida was a member of the chamber for many years with the law firm Baltic Legal Solutions and lately Tark Grunte Sutkiene. She was elected to the BCC Board in 2015 and was supporting the activities in the field of BCC Social Corporate Responsibility. In her resignation letter Iraida said: “It was a pleasure to be a part of BCC during many years”. The chamber thanks for all her support as the Board member and wishes Iraida all the best for her future.
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At the COBCOE Gala Dinner (from left to right: Daumantas Mockus, RBC Capital Markets (London City), Dovile Mockuviene, Lithuanian Chamber of Commerce UK, Giedre Jakubonyte, DMH Stallard Law Firm, Vaiva Jakelyte, Baltic Medical Centre Ltd, Irma Rudelyte-Kasputiene, and Sandra Kundrote BCC Lithuania
In June 2016, the BCC Lithuania was represented at COBCOE Annual Events in London and Liverpool – once-a-year opportunity to share working experience between the British Chambers of Commerce in Europe and the national British Chambers of Commerce in the UK. The visit this year included 2 days of professional training programme for BCC staff, attendance of International Festival for Business and the conference "Make Europe work" held in Liverpool. COBCOE Annual General Meeting was crowned by COBCOE Gala Dinner and Annual Awards Ceremony in the Underglobe, Shakespeare's Globe Theatre, where BCC Lithuania team was joined by additional guests, including BCC members in the UK and close contacts of the chamber.
BCC is delighted to introduce a new member of the team Irma Rudelyte - Kasputiene, who joined the office in May. Irma has been developing her carrier in tourism sector over ten years and has got an experience in Business Strategy, Strategic Planning, Sales & Marketing. Irma admits that she always seeks new opportunities and her personal motto is: “Nothing Is Impossible”. Irma has successfully fulfilled the position as BCC Membership services manager and is looking forwards to visiting BCC members during the summer and analysing the ways to develop BCC membership services package.
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BCC welcomes a new member of the team
Recent changes in BCC Board
Calenberg Vilnius •
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Chris Butler, Chairman of the Board, BCC Lithuania
BCC Lithuania team attends COBCOE Annual Events in the UK
Editor in Chief – Chris Butler Editorial support: Michael West, Alistair Day-Stirrat, Sandra Kundrotė Members section – Irma Rudelytė - Kasputienė, advertising – Sandra Kundrotė, e-mail: Sandra@bccl.lt , tel. +370 5 2690062 Proofreading – Shaun Harvey, Michael West Layout - Tautmilė Stanevičiūtė Printing – Lietuvos ryto spaustuve, UAB
In January 2016, at Burns Night, which is major chamber’s annual fundraising event, our guests had a unique chance to win exclusive trip to Beijing for two, which came up as Burns Night charity raffle Golden prize and included 2 business class return tickets Vilnius – Beijing – Vilnius with Turkish Airlines, visas & excursion by COBALT law firm and accommodation in a 4 star hotel in central Beijing by Carlson Wagonlit Travel. The prize was won by Vaida Budrienė, Head of Corporate Affairs at MV Group, who has kindly agreed to share her memorable trip experience with the BCC paper readers:
Experiencing Asia
hospitality, the attention that we received, and the quality of the service – all of it made our 11 hour flight enjoyable and it even felt too short. Carslon Wagonlit Travel and Cobalt – for the stay in a charming hotel, organising a fantastic trip, offering professional advice, tips and tricks on how to survive in mega-cities, as well as a breathtaking tour to the Great Wall of China. We appreciate your efforts to make this trip unforgettable!” - Vaida Budrienė
Sponsors of memorable trip to Asia
“The trip that we won as main prize was absolutely incredible! It has strengthened our fascination with Asia – the priority destination for our holidays from now on. We visited Beijing and Shanghai, so had an opportunity to compare two of the largest cities in the world. They are amazing and different from the ones we have been to in Europe and North America: millions of people; rich, unexpected, colourful food; astonishing imperial architecture and awe-inspiring skyscrapers – all of it amazed us throughout the whole trip. We are grateful to the British Chamber of Commerce and all the sponsors of this prize. Turkish Airlines – for business class tickets. The company’s
We are pleased to inform that Burns Night’17 will be held on January 28th, 2017 in Palace of Grand Dukes
Exciting month for DofE International Award programme
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For further information or to book your ad space, please contact the chamber: Tel. +370 (5) 269 00 62/84, e-mail: Sandra@bccl.lt
On International Children’s Day which is celebrated on June 1, Lithuanian President Dalia Grybauskaitė visited DofE International Award participants and discussed with them about benefits of the programme. The President even demonstrated excellent knowledge how to pack a backpack since she used to go hiking in her youth. The hiking experience develops a great range of social and emotional competencies which also contribute to the leadership skills.
This was a great introduction to the Award Ce-remony which was held this June at the British Embassy, where more than 50 participants received their Bronze badges as a recognition of their achievements in various activities of the program. The Duke of Edinburgh’s International Award is the world’s leading youth achievement award. The Award has three levels - Bronze, Silver & Gold open to young people between the ages of 14-24. Through its main sections – volunteering, physical recreation, skills development and adventurous journey, it equips young people for life. In Lithuania there are currently 40 schools delivering the Award. More schools are about to join in September. For more information you are welcome to visit: www.dofe.lt, or contact Inga Čėsnaitė directly at: inga.c@lvjc.lt
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BCC paper issue No 54
BCC paper issue No 54, 2016
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REGIONAL FOCUS: KLAIPĖDA
REGIONAL FOCUS: KLAIPĖDA
A Big Step Forwards
A Man with a Plan
< continued from page 1
< continued from page 1
Klaipeda has long been a bastion of Liberal rule. Has this been a factor in promoting a longer-term strategy for the region? There is no doubt that political stability is an important factor in ensuring long-term projects - the necessary reforms, ambitions, successful implementation of agreements and developing the environment and conditions necessary to attract new investments. One particular parameter that actually demonstrates the benefit of political stability is the rate of municipal budget collection and expenditure. During the past few years, tight cost controls for the city budget, efficient use of funds, careful investments and reforms have all helped Klaipeda to an extent not so clearly evident in Vilnius or Kaunas, as well as other smaller municipalities. For the first time in many years, a balanced budget was approved in 2016 and the city’s levels of debt are significantly lower than in other major settlements. What investment plans do you have for the city over the coming five years? Our main investments are based on our strategic plan, which set the main priorities for the city until 2020. One of these is a healthy, smart and safe community, which covers projects such as the construction of a new swimming pool with wellness centre, in addition to renovating the city’s youth centre and football academy. The sustainable development of the city undoubtedly remains a top priority, increasing the attractiveness of the city. A major part of this is developing ‘rational’ infrastructure. Until 2020, plans are in place to build new roads and reconstruct existing ones. These projects also include taking better care of parks, squares and the waterfront; helping to revive the centre of the city and residential areas; as well as reconstructing objects of heritage and adapting them for public use. We have made plans to increase the competitiveness of our city: create better conditions for businesses, highlight the city’s maritime identity, promote creative industries and develop tourism services. In order to achieve such goals, we have ambitious projects prepared. These include, but
Bastionų Street with a bridge over the River Dane, construction and reconstruction of new and existing roads, upgrading the city’s public spaces and the yards of the apartment houses, etc. How do you combine the needs of the port with the city as a whole. The port is planning to expand in the near future, does this run up against the interests of the city in any way? I would say that the city’s relationship with the port is sufficiently constructive and pragmatic. Klaipeda city and its port are like Siamese twins that cannot live without one other. And despite the fact that, from time to time, the views of city and port on some issues differ, generally I can say and confirm that common solutions have always been found on essential city and port developments .
are not limited to: sea entertainment and services development; remodelling the former tobacco factory to meet the needs of the creative industry; taking better care of Klaipeda castle, its state musical theatre and leisure and entertainment centre in Giruliai. You face similar demographic issues to the rest of Lithuania, as well as a slight brain drain to Vilnius. Has your administration thought of any way to stem this flow? More than two years ago, Klaipeda started to implement an ambitious vision to become a port of studies, i.e. to attract foreign universities and colleges to establish their affiliates in Klaipeda. Although the results are not coming as fast as we would want, we see some positive signs in attracting colleges from Great Britain. Undoubtedly, this vision will help us to attract more young people into the city, but on the other hand, we have a task to encourage them to stay in Klaipeda after studies and not go to the capital or other countries. Having this in mind, at the end of last year, for the first time since independence, Klaipeda municipality, the port authorities, business and academic representatives agreed to create the con-
How is your goal of becoming European City of Culture in 2022 going? All of the Klaipeda region has jointly applied to become European Capital of Culture in 2022. This has complemented the ambitious goals and projects mentioned above, i.e. in the next five or six years, for the Klaipeda region to become a significant Lithuanian cultural centre. I have to mention that the application for the European Capital of Culture was developed in collaboration with more than 100 cultural representatives from Klaipeda city and the region, with another 500 people included in the preparation through various meetings and focus groups. From the very first moments, this proposal has been a community programme and not one just suspended from above. So far, so good. The first hearings for applicants, which took place in the Ministry of Culture in June, saw Klaipeda, together with Kaunas, chosen to continue this race. Of course, we hope for the best and think that in 2022, we will invite everyone to Klaipėda - the European Capital of Culture.
ditions suitable for sustained economic development. Klaipeda became the first Lithuanian municipality to prepare such a document detailing how to share resources and human potential and aimed at attracting new investments to promote business developments, innovation and, over the long term, increase the city’s competitiveness. The strategy will contain conclusions of an analysis of Klaipeda’s international competitiveness, its development vision, action plans, strategies and measures necessary for implementation and monitoring. As of this moment, we are preparing this important document. Moreover, Klaipeda has chosen a new course for its development, based on cultural breakthrough. Last year the city decided to double its finance for culture over the next four years. This is a highly ambitious programme and Klaipeda, perhaps, is the only city in Europe set on taking such a step. On this note, cultural funding has already increased by more than EUR 1million from last year. In 2017 Klaipeda will be Lithuania’s capital of culture and hopes are high that it could be the European Capital of Culture in 2022. In parallel, it is important to improve the city’s living environment and complete existing projects: to build a new 50-metre swimming pool,
Thank you Mayor! The interview prepared by Michael West, Editor of BCC paper
BCC Factbook: A Selection of Economic Indicators for Klaipeda County. All Data from Lithuanian Statistics. Population Composition, thousands 250 200 150 100
FSRU Independence, a LNG carrier
The LNG terminal was completed not only in time, but at a lower cost than expected. Before the deadline set by the government, 3 December 2014, the LNG terminal was already operational and the goal had been achieved within the tight schedule set.
by AB Klaipedos nafta
LNG terminal for the period until 2024 is around EUR 70m. Given the substantial regional benefits, there is a strong case for obtaining an EU subsidy for the repurchase of the main facility of the terminal – the FSRU vessel, which would lead to the substantial reduction of the annual budget.
What future investments have you planned In fact, probably the most important day in in the facilities at the terminal? Lithuania’s energy history was the 27 October, One project is an LNG small-scale reloading stawhen the FSRU, symbolically named Independtion: investments in 2016-2017 foreseen at EUR ence, entered Klaipėda port. One of the most 27.7m. Upon evaluating market changes, relating important milestones was choosing whether to to in different LNG consumption possibilities and the FSRU technology. Klaipėdos nafta, cooperation with international and local build a terminal onshore or to have the FSRU techhaving in mind the necessity to utilise the LNG consultants, cameinup with the with optimal nology. Klaipėdos nafta, cooperation inter- decision – a 170,000 cubic metre capacity FSRU – terminal’s potential, Klaipėdos nafta commenced national consultants, came up with theLatvian and Estonian annual gas demand combined with and the local capacity to meet Lithuanian, the development of a new infrastructure project, optimal decision a 170,000 cubic metre capacity (around 4 –bcm/year). Therefore, fromanthe the terminal was maxiforeseen as LNGbeginning, distribution station. The planned FSRU – with the capacity to meet Lithuanian, Latmum capacity of the LNG distribution station is regional. vian and Estonian annual gas demand combined about 5,000 m3. (around 4 bcm/year). Therefore, from the beginLNG used for the following purposes: The physical implementation of the project – can thebeconstruction of the FSRU, the jetty and ning, the terminal was foreseen as regional. As an energy source to be supplied to that consumpipeline – took around two-and-a-half years. Despite some scepticism the project The physical implementation of the project – the ers that are not connected to the natural gas disconstruction of the FSRU, the jetty and pipeline – would be delivered on time, Lithuania tribution has shown it can make strategic decisions and grid; took around two-and-a-half Despite somefor the entire region. implement significant years. energy projects As a fuel for heavy ground transport (trucks, scepticism that the project would be delivered on buses, etc.); time, Lithuania shown it has can make strategic The LNG has terminal been hailed As asship a major strategic asset for Lithuania, fuel. decisions and implement significant energy prohelping to reduce Lithuania's erstwhile dependence on Russian sources of jects for the entire region. Have you other business proposals in the energy. Could you please outline Klaipedos Nafta's other business concerns pipeline that you can comment on? The LNG terminal streams? has been hailed as a major and revenue Klaipėdos nafta’s goals for 2016 are related to strategic asset for Lithuania, helping to reduce the implementation of company’s strategy. The Lithuania’s erstwhile on Russian As already said, dependence Klaipėdos nafta has three maingoals business and all of following are set for therevenue upcomingsegments, year: sources of energy. Could you please outline them located in Lithuania: • To conduct safe, efficient activities at the LNG Klaipedos Nafta’s other business concerns and Terminal; revenue streams? • To maintain high oil products transhipment As already said, Klaipėdos nafta has three main and profitability levels in 2016; business and revenue segments, all of them located in Lithuania:
EUR, thousands
50 0
FSRU Independence, a LNG carrier (photo by AB Klaipedos Nafta)
2009
2010
2011 Under 15
2012
2013
Working Age
2014
2015
2016
Pension Age
2015
2014
LNG terminal exploitation revenue
69,882
5,793
Oil products transhipment and related services revenue
37,259
31,815
2,561
2,167
Oil products long term storage and related services at Subacius fuel storage base
Regional GDP per Capita Compared to National Average = 100
Unemployment Rate, %
Average Monthly Disposable Income per Capita, EUR
18
400
16
112
14
300
110 108
12 10
200
106 104
8 6
100
4
102 100 2009
Total revenue
2 2010
2011
2012
2013
2014
0 2009
2010
2011
2012
2013
109,702 39,775
20
2014
0 2009
2010
2011
2012
2013
2014
2015
Some doubts have been raised over the costs • To seek to operate in a safe and proper maninvolved in bringing the LNG project online. ner, ensuring maximum compliance with the enJust to be clear, could you detail the expected vironmental requirements set for the operation of costs of the project over its lifetime, and give terminals; • To accelerate implementation of the LNG small some idea of the premium needed to be paid scale distribution station project in 2016; by consumers for this secure form of energy? • To perform a significant part of the oil termiThe LNG terminal in Klaipeda has already delivered substantial benefits for all three Baltic states nal’s LFO transhipment capacities development projects; Some have been raised over the costs involved in bringing the LNG in terms of doubts increased security of supply, availab• Searching for opportunities to participate in online. Just to beand clear, you detail the expected costs of the ilityproject of the only alternative gas source of the could other LNG terminal projects, seeking beneficial correlation naturalits gaslifetime, prices in theand region withsome projectof over give idea of the premium needed to be paid cooperation; those on the global markets. However, the costs of To continue investing in the company’s techby consumers for this secure form of• energy? the terminal are covered primarily by Lithuanian nological flexibility and efficiency, as well as safe gas consumers. The overall annual budget of the operations of the terminals. The LNG terminal in Klaipeda has already delivered substantial benefits for all three Baltic
states in terms of increased security of supply, availability of the only alternative gas source and of the correlation of natural gas prices in the region with those on the global markets.
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BCC paper issue No 54
BCC paper issue No 54, 2016
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25 Years of Delivering Success To what degree do Lithuania’s strained relations with Russia dampen demand for Klaipeda’s facilities? If so, what is being done to secure alternative business, say with Belarus, Ukraine and onwards? In terms of Klaipeda Seaport’s cargo, Russian shipments occupy a very small part, approximately 6%. Klaipeda Seaport has diversified its cargoes and therefore it does not depend on any one particular country and the share of national cargoes accounts for about 60% of overall turnover. This makes it easier to survive economic and geopolitical fluctuations. We are constantly increasing the competitiveness and attractiveness of Klaipeda Seaport to our largest partners in Belarus. We also endeavour to be an important part of the Silk Road.
Your organisation is currently celebrating 25 years of operating Klaipeda port. What investments are planned to secure its position for the next 25 years? We have a strategic plan that covers the next four years and the total sum of investments scheduled for this period reach EUR 342m. Furthermore, we are preparing a long-term master plan, which, if approved, will contain investments of approximately EUR 2bn. Last year saw record levels of cargo being handled at the port. What was the reason for this? Last year Klaipeda Seaport set a new record for cargo handling, 38.5m tonnes. Klaipeda Seaport wins the competition with its neighbouring seaports as it constantly enhances its competitiveness. Increasing cargo handling volumes is the result of combined activity from the Klaipeda Seaport Authority and cargo handling companies, and jointly implemented state and private capital investments. Private business gets the opportunity to make investments alongside those of Klaipeda Seaport Authority, achieving good results together. It is worthwhile noting the assistance and support of the Ministry of Transport and Communications in fostering investment and international cooperation, among other issues. I am sure that the Lithuanian Seaport is one of the best examples anywhere of streamlined cooperation between public and private sectors.
Klaipeda is being considered by the Chinese government as a part of its ‘One Belt, One Road’ initiative, whereby a series of overland trading routes are being upgraded to meet future cargo demands. Can you elaborate on what is being proposed? China considers the Seaport of Klaipeda as an extremely significant part of the logistics chain in the western part of the Silk Road, especially in connecting the Far East, Scandinavian and British markets. Lithuania has well-developed transport
infrastructure and network of logistics centres. We offer diverse, safe and time saving cargo transportation options to and from European countries through Lithuania. Klaipeda Seaport has modern infrastructure and terminals, and is the most rapidly developing and competitive seaport in the entire Baltic region. Therefore we hope that our partners from China will benefit from that. Let me draw your attention to the fact that Klaipeda Seaport has been acknowledged as one of the key seaports in the EU’s trans-European network.
How closely do you work with the city in promoting Klaipeda as a transit corridor between Eastern and Western Europe? The Government of Lithuania has recognised Klaipeda Seaport and the East-West transport corridor that goes via Klaipeda Seaport as an extremely important project for the national economy. Realising that, Klaipeda and we are doing our best to implement this project successfully. Thank you! The interview prepared by Michael West, Editor of BCC paper
Breakthrough in Electric Public Transport Taking a well-established product and improving it using innovative, potentially ground breaking, technology is something that an emerging economy like Lithuania should be looking to do, if it is to make headway into higher value industrial sectors. Below we have news of one such venture.
On May 17th, BCC Members spent an exciting day in Klaipeda, where they had a chance to visit Klaipėda Free Economic Zone, the British investor Albright Lithuania. During the visit members also were introduced to the unique project of an electric bus Dancer created by a group of young scientists, were taken to the LNG terminal and were invited to attend the UKTI Business Reception on the HMS Iron Duke - the British War ship kindly hosted by the British Ambassador Claire Lawrence. The BCC Lithuania expresses a warm thanks to its members operating in Klaipeda for such a warm welcome and hospitality during the visit.
On April 18th, the Political Debate between the leaders of Conservative, Social democratic, Liberal and Order & Justice took part in Kempinski Hotel Cathedral Square on the occasion of the upcoming national election to the Lithuanian Parliament (Seimas). The debate was organised by the British, German, Danish, Norwegian and Finnish chambers of commerce on the occasion of the upcoming Lithuanian Parliamentary election, and was moderated by Edmundas Jakilaitis, famous Lithuanian political observer and journalist. The leaders of political parties introduced their views on how to improve business environment in Lithuania by bringing for the discussion the important areas such as education, Labour code, healthcare and corruption. The foreign chambers of commerce express their sincere appreciation to Kempinski Hotel Cathedral Square for hosting and sponsoring this Debate.
jektai seeks to bring the automotive industry to Lithuania. By the end of 2016, the first prototype of a Dancer Bus will be driving on Lithuania’s roads. In the near future, the company aims to manufacture 30 Dancer Buses in 2017, with 50 more in 2018. As for the long term, Vejo Projektai is planning to build a factory in Klaipeda’s Free Economic Zone in 2018 to launch a fleet manufacturing line. Over time this will create more employment opportunities and open new markets.
Due to growing concerns over pollution in towns and cities, the European bus market is on the edge of electrification. JSC Vėjo projektai and its project, Dancer Bus, is working to fill this emerging niche. A new company has been formed in Klaipeda (Lithuania), situated in a newly-built business incubator on Klaipeda University’s campus. Technically speaking, the biggest challenges in public transportation are dealing with energy and cost efficiency, along with sustainability. To achieve the best possible balance, a composite material is used when building the upper part of the bus, decreasing its weight. Additionally, our unique electrical bus has innovative wheels with an integrated powertrain and suspension system. The four-wheel independent drive system was created by the Vejo Projektai engineering team. These, and other, advanced technological solutions have allowed us to reduce the Dancer’s weight to 5.5 tonnes, a dramatic change for the industry as a whole. The lighter weight should result in lower energy consumption and costs.
Furthermore, the Dancer Bus uses lightweight Lithium Titanate batteries in combination with an ultra-fast plug-in charging system, which enables the bus to be charged in less than 8 minutes and gives it a range of 50kms. The charging method used has the added benefit of not requiring expensive infrastructure in the city’s public spaces. Vejo Projektai has invested a large amount of capital to bring together a number of highly
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REGIONAL FOCUS: KLAIPĖDA
qualified engineers with international experience in aerodynamics, mechanical, electrical and structural engineering, as well as architecture. Our employees, together in partnership with local and international universities, have delivered high quality results, promising a bright future for public transportation. In Lithuania, Dancer Bus has garnered enormous attention. This project is a one of a kind: Vejo pro-
All in all, the Dancer Bus project provides a new way forward for bus services. Buses will continue to play a vital role in regard to public transport, especially already congested and populated cities, both in the developed world and poorer emerging markets. Dancer Bus seeks to bring a feeling of freedom back to the city, with a clean and quiet solution that can employ renewable energy sources. This means that investing in the public transport system can directly reduce greenhouse gas emissions. The Dancer Bus project is not only about a bus. It brings a whole new idea of an alternative transport system. It is an inspiring example that widens the scope of improvements and positive impact on all of our lives.
Finding staff in Klaipeda 4 questions to Amber Staff, temporary staffing and employee leasing specialists:
cashiers etc.). We have also noticed that it is getting more difficult to find qualified personnel (eg. sales managers, engineers).
What is the current situation of the labour market in the Klaipeda region? There is a lot of demand for staff and it is still growing in the Klaipeda region. As in Vilnius, there is a shortage of unskilled labour (eg. production and auxiliary workers, cleaners, kitchen porters,
Is the labour market in the Klaipeda region strongly influenced by the season? During the summer time we feel that there are more problems in the service sector (eg. catering). But, of course, we believe that many cities in
Lithuania face the same difficulties in the summer season. Is the worsening situation in the labour market affecting your customers? Have you noticed any changes in customer behaviour? We receive a number of enquiries and have noticed that more and more companies are turning to recruitment agencies.
Personnel search and selection Temporary staffing Employee leasing
Nowadays, it is not enough to place a job advertisement. It is necessary for companies to be creative, to promote their work place, to show their culture and their values. We consult companies, we spend hours talking with our customers and getting core information about their company’s culture and their unique selling points. Only based on this do we make an attractive job advertisement, which catches the attention of motivated candidates.
From 18th to 20th of September, Restaurant Telegrafas will transform into two Michlin star restaurant Lorenz Adlon Esszimmer of the legendary Hotel Adlon Kempinski
Vivulskio Str. 7, Vilnius, Lithuania Tel. +370 687 62811 Dubysos Str. 21, Klaipėda, Lithuania Tel. +370 671 17467 E-mail: info@amberstaff.com www.amberstaff.com
For reservations please call us +3705 2 201600, or e-mail at telegrafas.vilnius@kempinski.com
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Kempinski Hotel Cathedral Square Universiteto str. 14 LT-01122 Vilnius, Lithuania
BCC SPONSOR MEMBERS
BCC paper issue No 54
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BCC paper issue No 54, 2016
CHRONICLE OF BCC EVENTS
CHRONICLE OF BCC EVENTS
Monthly Breakfast Technical Briefings On March 15th, the British Chamber of Commerce held its 17th Annual General Meeting (AGM) in Forum Cinema Vingis. The AGM this year was followed by special event to mark 400th death anniversary of William Shakespeare and launch the “Shakespeare Lives” retrospective of Vilnius Film Festival “Kino pavasaris”. As this year there were no elections to the Board, members attending the AGM were presented with Annual Activities and Financial Reports for 2015, followed by a short hand out ceremony of Burns Night’16 charitable donations to NGO “Vaiko labui” and SOS Vaikų kaimų Lietuvoje Draugija. After the AGM, BCC members enjoyed the networking and mingling together with guests by the British Embassy, British Council, Barclays Group Operations Limited and Vilnius film festival “Kino pavasaris”. After the reception all were invited to see one of the “Shakespeare Lives” film Richard Loncraine’s drama “Richard III” (1995).
On April 24th, St George’s Day Sunday Brunch took part in Novotel Vilnius Centre as a joint initiative with the British Chamber of Commerce. An impressive 3 course buffet included traditional English food, supplemented by Adnams craft beer from Adnams brewery in England and specially decorated donuts by Holy Donuts shop. The children enjoyed the supervised Kids corner and entertainment. The mention of St George in Vilnius attracted over 50 participants including the BCC chamber members with families. The organisers express their appreciation to the Sponsors
BCC traditional monthly Breakfast Technical Briefing in March covered the topic “Breach of the Competiton Law: how to mitigate the risks” presented by Dr. Darius Miniotas and Aurimas Pauliukevičius, Senior associates at Tark Grunte Sutkiene. The presentations covered the powers of Competition authority and other possible negative consequences of the infringements, as well as the measures that could be taken by the company in order to mitigate the risks of competition law infringements. The event was held at Shakespeare hotel, where business networking was enriched by morning coffee and excellent English breakfast.
On May 11th the BCC New overseas member Jyske Bank invited members to the Business Breakfast in Ramada Hotel. Presentation about opportunities with Jyske Bank Private Banking were presented by Lars Mikkelsen, Jyske Bank General Manager, Mr Sean Stray, Senior Relatioship Manager and Soren Langkjaer, International Wealth Management Adviser at Jyske Bank. The Breakfast was continued with “Global Outlook in turbulent times: “Central bank divorce and growth challenges” presentation delivered by Ib Fredslund Madsen, Vice-president, Strategy Researh, Jyske Markets.
In the end of April David Clarke, Special Advisor for Translation Security at Today Translations (London), presented the topic “How language services are used to combat corruption, money laundering and data theft”. One of the key messages was that businesses must introduce the robust due diligence checks for foreign suppliers and customers. Regulators in the US and Europe are increasingly clamping down on firms that fail to procure responsibly. Translators – with their language, sector and cultural expertise - play a key role in helping firms recognise the risks they face from foreign markets.
Breakfast Technical Briefing in May hosted Jurgita Biceika, Head of Sales Department at Euromo-nitor International, who presented the findings of “The consumer in 2016”. The speaker provided interesting facts based on changes in todays consumer landscape, predictions for the digital consumer in 2016, also migration to remain as a demographic megatrend. June BCC Breakfast Technical Briefing offered a “Rock’n’ roll philosophy in service”, delivered by Ruta Pulkauninkaite Macike, Manager of Comfort Hotel LT. The speaker attracted BCC members operating in the tourism & hotel industry by covering the importance and need to have a philosophy or a strategy in business, which could make it unique and exceptional from others. The success story of Comfort hotel in Vilnius was shared with BCC members attending the event. The Breakfast Technical Briefings in March, April and May were moderated by Robert Juodka, Managing Partner and Attorney-at-Law at Pr1mus and BCC Board member.
The chamber expresses thanks to Green cafe and Shakespeare boutique hotel for kindly establishing excellent prizes during the season
On May 12th Members of British Chamber of Commerce were invited to New Member’s Evening at Krasta Auto premises. New Members KRASTA AUTO, ADDELSE, HOLIDAY INN/TRIANGLE, VILNIUS INTERNATIONAL FRECH LYCEUM, LINDORFF, JYSKE BANK and BEN LUNN were kindly welcomed by Chris Butler, Chairman BCC and made short presentations to introduce their business fields and general interest in the chamber. After presentations, new BCC members had the opportunity mingle with existing BCC members over a glass of wine and snacks, this time kindly sponsored by BCC new member Krasta auto
On May 20th the BCC organised an interactive workshop “Perfect pitch: presenting in English” with Michael Pennock, London International School of Languages. During half day workshop members had an opportunity to test their presentation skills in English and learn some practical techniques with useful English expressions and constructions to help engage the audience and get the presented message across.
BCC SPONSOR MEMBERS
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BCC paper issue No 54
BCC paper issue No 54, 2016
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11 Between London & Vilnius – Villon
The Vilnius Grand Resort & Spa has attracted increasing numbers of international visitors (especially golfers and conference guests) to the Vilnius region from all over Europe. BCC recently spoke with Mila Taneva, Deputy General Manager, to gain an insight into their latest business developments and future plans. What is the reason for the increasing number of visitors? Vilnius is rated as one of the most charming cities in the Baltic countries, a vibrant metropolis with a picturesque old town, which has become a popular destinations for city breaks, particularly since Vilnius is served by different airlines from many European airports. For golfers, however, it was still relatively unknown until recently. We have worked very hard in key European markets to promote the Vilnius Grand Resort & Spa as the only true golf resort in Lithuania, offering golfers one of the best 18-hole-championship courses in all of the Baltic countries and are now attracting more visitors, especially from the British German, Dutch and Nordic markets. We have appointed representatives in various markets and are also concentrating on developing the meeting and incentive market segment by attending major shows in Europe. Can you tell us a little more about what you can offer golfers? The V-Club, built to USGA specifications, is the centerpiece of the resort. This 18-hole course (Par 72) is always immaculately maintained and can be played from four different tee boxes measuring between 6312 m (Championship black) and 5175 m (Ladies red) offering the right challenge for golfers of all capabilities. Water comes into play on 17 of the18 holes, at least when you veer off course too far. Golfers who dump too many balls in the hazards can always book a lesson with Swede Karl Grundin, the only PGA Professional in Lithuania. A spacious driving range, a short game area, a putting and pitching green are ideal for practice and/ or warm-up before the round. A new luxurious clubhouse is just being built and will be finished soon. We are also working together with the two other golf clubs in the region, Capitals Golf Club as well as Europos Centro Golfo Klubas (Centre of Europe Golf Course) which is not only a nice mix but also brings more business to the region as well.
What other features does the resort offer? Due to our location, only 20 minutes away from downtown Vilnius in a wooded area, our 5-star resort is a haven of tranquility right next to a picturesque lake. With 184 spacious and luxuriously appointed rooms of different categories, two restaurants, the OASIS spa offering Amber and Thai massages, a fitness centre plus a huge 20-meter swimming pool and 25 meeting rooms, we are the perfect location for all visitors, business and leisure travelers alike. There is also an ample choice of food available throughout the day. For example the well known Le Paysege Gourmet Restaurant, also featuring outside seating on a large terrace overlooking the lake, is very popular with guests. Or our Bora Bora summer restaurant built in true Tahitian style directly by the lake which offers lovely barbeque style menus and cocktails with the perfect setting for wonderful summer nights. Are you also offering lots of sports activities at the resort? There are spacious beach facilities by the lake with water bikes and boats, plus we offer volleyball, tennis, basketball, etc. really something for every taste. And for guests who want to explore the city of Vilnius for a change, we also operate regular shuttle services to downtown Vilnius at various times of day.
Vilnius International School Supports Global Education Trendy hub for fintech startups to be launched in July
We also offer frequently changing activities at the hotel, such as food festivals, entertainment evenings, etc. which are very popular with guests from the city and the region. You also sell real estate? We have a selection of luxurious and modern style apartments, townhouses and villas built around the golf course. Darling Associates London are the architects and master planners behind the project named ‘Best architectural practice of the year 2009’ by the UK’s Architect Journal. Anouska Hempel Design Studio in London has done the interiors and furnishings. The properties are all furnished to the highest five star standards with fully fitted kitchens and bathroom(s), airconditioning, under floor heating, air recuperation systems, smart housing control panels, alarm systems, triple glazing, broadband internet, smart TV(s) and music centres. There is also 24/7 security for the resident community. What are the plans for the future? We are constantly aiming not only to provide excellent service and a great holiday or business experience, but are also actively promoting the resort and the region by bringing important media and travel trade as well as corporate decision makers to Vilnius. This will put the resort, Vilnius and the region at the top of the list when choo-
Mila Taneva, Deputy General Manager at Vilnius Grand Resort & Spa
sing the perfect location or venue, whether for a golf holiday or tournament, a conference, a city break or a family holiday. We have already seen very good results which we will continue to try and improve in the future.
Nearly 300 VIS children aged 3 to 16 raised 3,600 Euro in the fourth annual Fun Run for Charity held at Bernadinas Garden on June 1st. The funds raised will support access to education in Nepal following the earthquake that killed over 8,000 in April 2015. It is estimated that over 32,000 classrooms were destroyed by the earthquakes affecting up to 1 million children. Through their service learning partner, Street Child, the VIS community will contribute to the construction of temporary schools in Okhaldhunga, one of the hardest to reach districts. “Forty schools have been set up serving over 3,200 children and we hope to build the forty-first” shared a VIS student.
The VIS Fun Run for Charity was originally initiated by a parent, Ben Harvey, who introduced VIS to his organization Running for Change and to the UK based NGO, Street Child. In past years, VIS has supported the construction of a school in Kotor, Sierra Leone and the expansion of Ebola education efforts across West Africa. The long-term relationship with Street Child continues to inspire children of all ages to think beyond themselves. “The issue of access to education is one that resonates with our youngest learners because it is easy to connect to. In the upper grades, it provides an opportunity to exercise our shared commitment to international-mindedness,” explained VIS Director, Rebecca Juras.
PR leader Publicum marks its 15th anniversary Turnover increased by 23% in 2015, reaching 1,98 million Euros and Net Income increased by 11% reaching 1.085 million Euros. Publicum retained their position in second place amongst the PR leaders in the country.
In July, 2016, Barclays Group Operations Lithuania is launching Rise Vilnius – a new home for FinTech businesses in Lithuania and the wider region. Vilnius is joining the New York, London, Manchester, Cape Town, Tel Aviv & Mumbai network, creating a global community for startups, corporates & innovators. Baltics now will have a trendy network of physical spaces and a virtual global community designed to pioneer the future of financial technologies. Rise Vilnius will provide a physical site and virtual network for innovative FinTech companies and startups, offering world class mentorship,
Publicum boasts a team of almost 20 experienced professionals drawn from a variety of backgrounds. Publicum offers complex communication services working in partnership with the other companies in the Publicum Group and partners of the international network of Public Relations companies PROI Worldwide.
Most of 50 working places at Rise Vilnius will be dedicated to FinTech startups that work with artificial intelligence, virtual reality, cyber security, big data, blockchain technology, biometrical data, etc. Through Rise, Vilnius will join a global community of FinTech start-ups, corporates and innovators, where they can connect, co-create and scale up their ideas. You are always more than welcome to visit us at Gynėjų str. 14, Vilnius.
Comfort Hotel LT Rock‘n‘Roll Announces Partnership With K29 Business Centre nius has a new partner – the K29 business centre. From now on, we will offer the possibility to accommodate huge groups in the hotel and to have all kinds of events on the K29 premises.
“Publicum is particularly valued as an expert in managing and implementing creative marketing communication campaigns, results-oriented corporate communication projects, and ensuring good media relations” – says Ričardas Jarmalavičius, Chairman of the Board of Publicum. Publicum , one of the biggest public relations (PR) companies in Lithuania marks its 15th anniversary this year. Established in 2001, Publicum has rapidly emerged as a leader in the Lithuanian PR sector and consistently sustains its position among the TOP 3 PR companies in the country.
hackathons, various events, co-working space, a trendy auditorium, meeting rooms, etc.
K29 is an absolutely outstanding and modern venue that can host a variety of classy events. It‘s not a boring business space with offices, it‘s much more – K29 has enough space for great forums, conferences and rock‘n‘roll parties. At the moment it’s the hottest and most desirable venue for a successful event. The conference room can accommodate up to 150 people and the atrium is suitable for a 500 person get-together. In order to satisfy the most demanding of our business clients, Comfort Hotel LT Rock‘n‘Roll Vil-
NON-BANK FINANCE REMAINS ESSENTIAL SERVICE FOR CONSUMERS International Personal Finance plc (IPF) group conducted a “Financial Wellbeing Survey’16” survey in markets, in which the group is operating. Survey was implemented in order to better understand the views of customers across a range of financial topics including how satisfied they are with their standard of living, their primary concerns, economic confidence, views on retirement planning, as well as their trust in the financial sector. The survey, conducted by GFK UK on behalf of IPF, polled 9,220 of IPF’s customers across eight emerging markets with populations exceeding 280 million in total: Lithuania, Czech Republic,
Hungary, Poland, Romania, Slovakia, Bulgaria and Mexico. The ability to access credit provided by nonbank financial institutions (NBFIs) remains an essential service for consumers, according to the results. Against a backdrop of rising living costs driven by higher rent and utilities, ordinary consumers that are underserved by the mainstream banking sector continue to rely on the services of NBFIs when faced with unexpected costs or emergency bills. The key findings are commented by Laura Ligute, Head of Corporate Affairs department at “Provident Finansai”:
BCC SPONSOR MEMBERS
Economic outlook Rising living costs remain the biggest concern for respondents across emerging European countries, with over 36% citing it as the most concerning factor. This is especially the case for Lithuania and Romania, at 44% and 42% respectively. The cost of food has contributed more to the increase in the cost of living this year for Lithuanian respondents. Also Lithuanian respondents are not as optimistic about the economy this year, and are more in line with the European total. Standard of living The majority of Europeans are satisfied or indifferent about their standard of living, a slight improvement on last year. Almost half feels that they
are more cautious with their spending, particularly women and older people. 47% are satisfied with their standard of living, an increase of 5% since last year, with males more satisfied than females in all countries. Europeans are slightly more satisfied with their standard of living this year (47% of respondents). Respondents are still cautious with the money they spend, with nearly half saying that they have been more cautious than usual over the past year. Lithuania, Bulgaria and Hungary have the most cautious spenders within the sample with Lithuanian respondents being the least satisfied with their standard of living this year (37% of respondents). Across Europe, the majority of IPF customers feels that if they were faced with an emergency expense or unexpected bill, they would find it difficult to raise the money without borrowing.
BCC paper issue No 54
BCC paper issue No 54, 2016
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VARUL’s Lithuanian office joins forces with Estonian-Latvian law firm PRIMUS creating a new pan-Baltic firm
COBALT awarded the title of ‘Baltic Law Firm of the Year’ by two prestigious directories
COBALT has also been recognized for its work in the field of finance and corporate as the winner of IFLR’s Baltic Law Firm of the Year award.
PRIMUS has serious ambitions to expand their current network, to keep active cooperation with foreign partners, create specific legal products for the dynamic business market, startups and niche clients.
“Recent changes in the legal market are influenced by the dynamic competitive environment. In recent years we have observed the steady and
Robert Juodka, Owner, Managing Partner
sustainable growth of our office in Lithuania. We believe that in combining our forces with new partners in Estonia and Latvia, we are strengthening our positions in the Baltic region and have the possibility to create an innovative and ambitious network of legal services, which will be able to offer cutting edge legal solutions not only in the Baltic countries, but for clients in other European jurisdictions as well,”- says Robert Juodka, managing partner at PRIMUS Lithuania.
In April two influential legal directories Chambers Europe and The International Financial Law Review granted COBALT the prestigious award and confirmed its leading position in the Baltic market. Chambers Europe’s winners are determined by the rigorous work of 150 independent researchers who scrutinize firms’ track records, interview
WU Lithuania has a new Site leader: Sarunas Suipis
Klaipeda in numbers Possession of Mobile Telephone, PC and access to Internet 100 80 The biggest Western Union Site in the world (EUROC located in Lithuania) has a new leader Sarunas Suipis. S. Suipis will take over posts of Operations Vice President and Leader of EUROC. Since 2010 as he joined WU Operations team, he led a team which was responsible for Western Union chain development in Europe, Middle East and Africa regions.
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Despite being third in the country by GDP and population, Klaipeda records the second highest disposable income per household among the five major Lithuanian cities of US$23,300 in 2015. Expenditure in Klaipeda reached US$21,100 per household in 2015 with the biggest share of almost US$5,000 spent on food and non-alcoholic beverages. Among the five, Klaipeda has the most balanced female to male composition. The city’s female to male ratio of 116 in 2015 is the lowest among the five cities. However, the population of
metropolitan Klaipeda (Klaipeda city + Klaipeda district) decreased from 238,0 thousand people to 208,0 over the last 10 years from 2005 to 2015. According to forecasts, it will continue declining further and in 2030 will reach 198,8. The forecasted population annual decrease rate is reaching 0.3%, in comparison to 0.7% for the whole Lithuania. In 2015, 69% of households in Klaipeda had access to the internet, 74% had a possession of a personal computer, 98% had a possession of a mobile telephone, and the numbers are forecasted to grow to 83%, 86% and 99% respectively. *Data for 2020-2030 is a forecast Source: Euromonitor International
“Just in five years EUROC has become the largest Western Union Site in the world. Now EUROC employs more than 1500 people of 34 nationalities talking 30 different languages. High competences of Lithuanian colleagues were accomplished and we attracted new functions e.g. Digital business development, Big data, Customer experience management and Marketing. As we operate in global market, we contribute to strengthen bonds between Lithaunia‘s and world economy. Our commitment to follow corporate social responsibility principles makes visible impact on the wellbeing of Lithuanian communities. I have a huge responsibility to contribute to the accomplishments and trust we gained from the clients and partners, as well to create additional value for the shareholders. Also, I will continue strengthening Best employer image in Lithuania”, said S. Suipis. In 2015 Lithuanian Labour Exchange (LLE) awarded EUROC for the integration of young people into the Lithuanian labour market. In 2016, Western Union in Lithuania was acknowledged as No1 and most wanted employer in the Absolute category. In 2015 Lithuanian Investors’ Forum announced EUROC the Investor of the Year.
A year-end bonus is no longer understood to be the only way to improve employee motivation.. Such one-off incentives only increase employee motivation for a short time, and in some cases they are comprehended as a matter of course not an incentive. When looking for loyal employees, employers are pushed to find ways to retain continuous motivation. “Salary size and its growth is an important incentive for every specialist. Some professionals are in great demand, so over the years companies have begun to compete in offering more comfortable working conditions. However, when games rooms and sports clubs became commonplace in offices, employers began to look into more meaningful concerns for their employees – life insurance and pension accumulation. This is an excellent way to continuously boost their motivation and loyalty”, says Asta Grabinskė, the CEO of life insurance and pension company Aviva Lietuva. International cargo transportation company Agrologistika adopted a special employee mo-
S. Petravičius adds that those who are just willing to have bigger banknotes today do not fully evaluate the system, but loyal and dedicated people appreciate a fair and meaningful return. The latter workers are more valuable for the company than those who are prone to short-term contracts.
Because of demand from the parents’ community Vilnius Montessori pre-School is opening a Montessori toddler environment. We are very excited to invite children of 18-36 months of age to enjoy a Montessori Prepared Environment.
“We are talking about the future of a person. Although young employees often do not want to think about the autumn of their life, but the time to talk about retirement comes anyway. Priorities change when having a family and building up a career, so a person starts to look for stability. Oneoff incentives are not sufficient for his or her motivation anymore”, says A. Grabinskė.
In it the children will develop their abilities according to the inner needs, which are manifest in this particular period of development. The Montessori toddler prepared environment features a gross-motor area, a sensorial area, a practical life area, including a real-life- child-sized kitchen and a safe outdoors space designed with safety and activity in mind.
In many cases now, yearly bonuses for employees are taken for granted – as an evaluation of employee achievements for the year. “Our scheme lets us reward our most efficient employees every month”, S. Petravičius smiles and adds that in order to give his employees something valuable, long-term and meaningful – life insurance or pension accumulation are exactly what people need for their lifetime.
Debtor’s profile survey and payment behaviour in Lithuania by Lindorff
FOTO: Asta Grabinskė, CEO of Aviva Lietuva
Northway Medical Centre is now open in Klaipeda
Klaipeda FEZ companies created more than a quarter of the total regional exports
Possession of Personal Computer By Euromonitor euromonitor.com
“Drivers form the major part of our staff, so we decided to create an incentive scheme and help long-term employees to accumulate money for their future retirement. We wanted to approach the staff with more care, to let them feel that they are an important part of the company, to express our interest in retaining them. Most of our longterm employees appreciate this decision”, says Saulius Petravičius, director of Agrologistika.
“This is a true recognition of our team’s efforts in building up an integrated world-class legal practice. Given our core strategic focus, our reputation for innovation is very important to us,” said COBALT’s Chairman of the Board Dr Irmantas Norkus. COBALT’s team of lawyers regularly handles the biggest and most complex financial transactions in the Baltic region, assisting leading banks and other financial institutions, as well as corporate on all aspects of buying and selling companies and businesses, often involving a cross-border element.
Vilnius Montessori pre-School is expanding!
tivation scheme nine years ago. The Klaipėda based company contributes to their employees’ pensions, offering Aviva VIP pension insurance to those drivers who have worked in the company for more than two years. The amount of contribution rises the longer an employee has worked at the company.
clients and competitors, and analyse firms’ performance and client service over the past year. The awards are perceived as one of the most prestigious in Europe.
PRIMUS, Attorneys at Law, are highly recognised by influential global legal directories IFLR1000, The Legal 500 and Chambers & Partners in a variety of business law practice areas including banking and finance, corporate, dispute resolution and real estate.
The Lithuanian VARUL team recently strengthened by merging with law firms PRIMUS in Estonia and Latvia thus expanding PRIMUS’ network to Lithuania and creating a full service , pan-Baltic law firm with a strong international practice. The new partnership agreement will allow all parties to achieve their strategic goals more actively.
Occasional bonuses replaced by permanent staff motivation
The total exports of all companies operating in the Klaipeda Free Economic Zone (FEZ) reached 584 million Euros in 2015. This constituted nearly 28% of Klaipeda’s regional exports and 2,5% of Lithuania’s exports. GDP for all companies operating in the economic zone reached 826,4 million Euros last year.
These results are based on the key performance indicators of 26 companies operating in Klaipeda FEZ that have created almost 2500 jobs. Based on this data, Klaipeda FEZ is considered to be the second most important driver of economic development in the region. In 2015 Klaipeda FEZ signed 3 new contracts with Vejo Projektai, Adrem LEZ, and Advantec turtas, which are planning on commencing and developing their activities in 2016–2017. The economic zone experienced total investment of more than 31 million Euros in 2015 and paid over 36 million Euros in taxes to the national government; it also purchased various goods and services from local businesses for the amount of 197 million Euros. Since the start of their operations in 2002, foreign-owned companies have invested more than 546 million Euros in the economic zone.
Northway Holding is strengthening its position in the field of health provision in the western region. The fourth Northway Medical Centre was opened in Klaipeda at the end of the last year. Northway Medical Centre is located in a strategically convenient place for the citizens of Klaipeda – next to the city hospitals in the “Dragūnai” quarter. The centre now offers the services of physicians, gynaecologists, urologists, endocrinologists, allergists, neurologists, and specialists in other fields, various medical procedures, and instrumental and laboratory examinations. According to Northway’s General Manager Diana Bumelyte, medical specialists who work at Northway Medical Centre in Klaipeda maintain close relationships with colleagues from other centres. Thus, if needed, a patient can be sent to Vilnius for further treatment or surgery, or to
Northway Medical and Surgical Centre in Kretinga in case of a less complicated surgery. In the words of the centre’s manager, patients will be encouraged to take care of their health through the chance to obtain the necessary medical services on site without wasting time in a queue of people, or receiving a referral to see a specialist, as well as to receive painful or unpleasant tests in more comfortable conditions. As is the case with other Northway Medical institutions, the medical centre in Klaipeda has concluded cooperation contracts with most Lithuanian and foreign health insurance companies. Medical Centres of Northway Holding also operate in Vilnius, Kretinga, and London.
BCC SPONSOR MEMBERS
Debtor profile. According to a survey conducted by the credit management company Lindorff Lithuania, the most typical person trapped in debt in Lithuania is a 43-year-old with 1.4 debts totalling660 Euros. The average debt, together with the expenses incurred by violating the payment obligation, (the fine for delay, credit interest, contractual penalties, etc.) is 460 Euros, which totals more than 660 Euros of debt per person. The average size of the debt differs by more than 200 hundred Euros in different counties. In the Vilniaus region, the average amount of debt is 780 Euros, whereas in the Panevėžio region, it is more than 200 Euros less, just 530 Euros. The majority of debtors live in the Kauno region, which is also the most populous county . 57% of the debtors are men and 43% are women. There are more men in debt than women, but men are 2 years younger than women on average. 4% of all the debtors are less than25 years old. Lindorff has been operating in Lithuania for 14 years, offering credit management services mostly for the telecommunication, financial, and utility sectors. Today Lindorff has 3700 employees in 13 countries with headquarters in Oslo, Norway.
Emilie La Roux AMS Assistant to Infancy
Moreover, Vilnius Montessori pre – School is delighted to welcome a new teacher Emilie La Roux: “I am very excited to be joining Vilnius Montessori pre-School as the Assistant to Infancy in the new toddler program. I am a former music teacher who has taught in public, private, and parochial schools in the U.S., but became passionate about Montessori education when I worked as a teacher in a Montessori toddler program in Missouri in 2000.”
BCC paper issue No 54
BCC paper issue No 54, 2016
14
Presenting New BCC Members
BCC Corporate Member KRASTA AUTO KRASTA AUTO is one of the original automotive businesses in Lithuania. We have represented BMW for more than 20 years and have been leading premium segment sales in the market for the last 5 years. With dealerships in Vilnius, Kaunas and Klaipėda, our team of skilled and professionally trained experts provides full customer service for BMW and MINI. We deliver exceptional user experience and continuously provide value to our clients, partners, stakeholders and society: • Commitment to customers. In line with global standards we tailor to our clients’ needs and help them to choose the perfect car and, of course – we make sure that owning a car is sheer driving pleasure with personal attention and a professional after sales services. Our clients are welcome to participate in our special events or simply to stop by to have a chat at any time. • Relationship with partners. We cherish our partnerships and tend to provide the best possible benefits in return. Flexible solutions and
BCC Social Member Linutė Miknevičiūtė-Cohn As a social member, I look forward to opportunities to learn, connect and benefit from access to the BCCL community through a variety of activities. My academic background and occupation are closely related to the English language, culture and international business. I would welcome the chance to help members of the Chamber in finding language solutions. I provide translation, revision, proofreading, transcription, language capability screening and outbound calling services and have a proven track record of successfully completed translation projects since 2000. Many of my clients benefit from my expertise in the following areas: economics, financial
a range of services are set to grant top quality automotive services. • Responsibility for society. With an already strong track record of sponsorships, we are always open for meaningful projects and are willing to support national sports organisations, as well as art and culture. Being part of the MODUS GROUP, this input is granted – the company leverages a range of resources, in terms of business expertise and knowledge, driving partnership and customer experience beyond the expected top quality service in the premium automotive market. The group is an international organisation with more than 500 employees developing its business in the automotive, renewable energy, real estate, car sharing and car parking services sectors.
FortConsult, part of the NCC group, are experts in providing deep technical cyber security assessments and end-to-end information assurance. We are the world’s largest team within security testing and we are true to our unbiased beliefs. We are passionate about security and dedicated to making our customers secure without selling them licenses or boxes. We are proud to consider ourselves borderless, unbiased and innovative, working with areas like mobile security, web-app testing and network security, as well as hardware hacking and forensics. Our consultants are experts in niche info-sec areas, such as SCADA, embedded systems and reverse engineering. We make it our business to always be ahead of the threat by investing in interesting research projects and using the NCC Group’s valuable pool of info-sec knowledge.
Company contact details: JSC Krasta Auto tel. +370 5 2740440 office@bmw.lt www.bmw.lt www.mini.lt www.krasta-auto.lt Ozo g. 10A, Vilnius affairs, legal matters, technical and scientific fields. I have the required qualifications and am committed to delivery of quality translations to meet your objectives. Suitable if you need a trustworthy professional translator only in one language combination. Direct communication will help you avoid unnecessary duplication of effort and wasted energy. I would say that the translator’s job is well captured in these words by an anonymous author: “Translators are like wine, it takes time for them to become good, and the cheap ones only give you a headache.” My personal interests include human rights and history. I am a great lover of English gardens.
As an international IT security company, we have clients in Europe, Asia, Russia, Africa and North America.
Linutė Miknevičiūtė-Cohn Freelance translator Source/target language combination: English www.lmctranslate.com lmc.translate@gmail.com
AIG (www.aig.com) – Insurance ARIJUS (www.arijus.lt ) / Transport and Logistic services AVIS Rent a Car & Leasing Company (www.avis.lt) / Car rental
Annually, we are bringing more than 300 companies to a higher level of security maturity. We offer thorough business oriented security tests, security assessments and consulting, as well as a range of solutions related to credit card security adhering to the international PCI standard, developed by VISA, MasterCard and other payment brands. We are the largest PCI certified Qualified Security Assessor in the Nordic region and the second largest in Europe. We regularly provide security assessments and advanced penetration testing for many of the world¹s leading banks, financial institutions and other large enterprises.
and leasing AVIVA Lietuva Life insurance and pension funds www.aviva.lt
BALTIC SURVEYS (Baltijos Tyrimai, UAB) (www.gallup.com) /
equipment, security products and solutions Bunnahabhain rep. by Mineraliniai vandenys, UAB Production of single islay malt Scotch Whisky www.bunnahabhain.com
At our cozy Moroccan Restaurant we offer fine dining, catering and events to bring friends and family together.
closed 18.00-22.00 17.00-23.00 12.00-23.00 12.00-21:00
SCHAGE Real Estate (www.schage.lt) / Real estate
SHAKESPEARE Boutique Hotel (www.shakespeare.lt) / Boutique hotel, Sonnets restaurant, Globe bar, conference
BNTP, UAB (www.bntp.lt) / Private equity investment; real
SORAINEN (www.sorainen.com) / Legal services in all fields
project management; facilities management.
of business law in the three Baltic countries and Belarus service center for Storebrand ASA in Norway and SPP in
and educational opportunities.
Sweden. Financial services within life- and health insurance,
CALENBERG Vilnius | STEELCASE (www.calenberg.lt) /
banking and asset management.
International moving/ relocation and dealership of the office
SUE’S INDIAN RAJA (www.suesindianraja.com) / Indian
furniture- STEELCASE
Restaurant
CALLCREDIT OPERATIONS, UAB (www.callcreditgroup.
VALIUNAS ELLEX (http://www.valiunasellex.lt/) / A leading
com) / Experts in the fields of credit referencing, marketing
and internationally highest ranked business law firm in the
services, consumer information, interactive solutions and
Baltics.
consultative analytics.
VANAGUPĖ HOTEL (www.vanagupe.lt) / 5* Hotel, Modern
COBALT (www.cobalt.legal) - Legal services in all fields of business law in Lithuania, Latvia, Estonia and Belarus COMFORT HOTEL (www.comforthotel.lt) / Hotel
(www.deltamanagement.lt )/ Recruitment, Executive Search,
Conference centre and luxury GOLDEN Spa centre, gourmet cuisine restaurant L’Ambra Rossa VILNIUS GRAND RESORT www.vilniusgrandresort.com / 5 star Hotel, 8.000m2 Conference Centre, Catering Services, Spa, Fitness Centre, Leisure, PGA design Golf course, Over the water restaurant, Real Estate WESTERN UNION Processing Lithuania UAB (www.westernunion.com) - Financial Services ZABOLIS PARTNERS (www.zabolis.com) / Finance and Real Estate WEST EXPRESS (http://www.westexpress.lt/) / Travel agency,
Temporary Staffing, Employment Services, Personnel Testing
providing and organising professional business and leisure
& Assessment, Greenfield Staffing Support
travel services
DOMINAS & partners (www.dominas.lt) / Law firm
Small company/NGO Members
EUROMONITOR INTERNATIONAL (www.euromonitor.com ) /
A HOSTEL ( www.hostelsvilnius.lt) / Accommodation
Provider of strategic market research on countries, consumers and industries
Services ADDELSE (www.adduco.lt) / Employee assessment
EVERSHEDS SALADŽIUS (www.evershedssaladzius.lt) / Legal
AMBER STAFF (www.amberstaff. com) / Temporary
services FORTCONSULT(wwwfortconcult.net) Cyber security and incident response services (NEW!) G4S Lietuva, UAB (www.g4s.lt) / Security Solutions covering cash handling, guarding, electronic security, system maintenance, installation, courier service. GINSTATA (www.ginstata.lt) / Construction and repair work GJENSIDIGE (www.gjensidige.lt) / Insurance GLIMSTEDT (www.glimstedt.lt) / Legal services
staffing and employee leasing
and accounting services HIGHLIFE, UAB / Manufacturing for export timber components for the furniture and construction industries. HOLIDAY INN (www.holidayinnvilnius.lt) / Hotel IBIS Styles Vilnius (www.ibis.com)/ Hotel, Restaurant „The Lemon Tree“, Lounge bar, Conference center KLAIPĖDA FREE ECONOMIC ZONE MANAGEMENT COMPANY (www.fez.lt) / Management and development of Klaipėda Free Economic Zone KPMG Baltics, UAB (www.kpmg.lt ) /Audit, Tax, and Advisory services KRASTA AUTO (www.krasta-auto.lt) / automotive LEINONEN, UAB (www.leinonen.eu) / Accounting services
BCC Accounting Partner
STOREBRAND BALTIC, UAB (www.storebrand.com ) / Shared
Kingdom’s international organisation for cultural relations
internal audit, tax advisory, legal advisory, corporate finance,
BCC PR Partner
halls
estate development and investment; asset management;
and environmental infrastructure
Tark Grunte Sutkiene Full-service business law firm in the Baltic region and Belarus www.tarkgruntesutkiene.com
premises for office, residential and commercial use
management and IT solutions
CSC Baltic, UAB (www.csc.com/lt) / IT services and
Strategic Staffing Solutions International Provider of information technology solutions. Recruitment Services www.strategicstaff.com
development company. Investing in, renting and selling
(www.elektromedia.lt)/ /Office supplies, printing
GRANT THORNTON (www.grantthornton.lt ) / Assurance,
For reservations please contact +370 614 98283 Email: info@maghrib.lt
RAMADA Hotel & Suites Vilnius (www.ramadavilnius.lt) / Luxury hotel
authorised Lloyd‘s coverholder
PricewaterhouseCoopers Assurance, Actuarial, Advisory, Tax and Legal services www.pwc.com/lt
RADISSON BLU ROYAL ASTORIJA HOTEL
conference centre, fitness centre, swimming pool and sauna
EKO RIVI, UAB (www.ekorivi.lt) / Consultancy in municipal
I II-IV V VI VII
Lobby bar, fitness centre and sauna
(www.vilniushotel.eu) / Centrally located Hotel, restaurant,
outsourcing
Working hours:
Conference and Event centre, Riverside restaurant, Skybar,
swimming pool
DELTA MANAGEMENT SOLUTIONS, UAB
An oasis of calm in the center of Užupis
com/lietuvahotel-vilnius)/ Hotel, biggest centre located
Meetings & Events center, Catering services, Health club with
COLEMONT (www.colemont.lt) / Insurance broker, an
Kempinski Hotel Cathedral Square 5 star luxury hotel in Vilnius www.kempinski.com/vilnius
RADISSON BLU LIETUVA HOTEL (www.radissonblu.
Barclays business activity worldwide.
seating & transportation fabric manufacturer
Twitter: @danieldolan Insta: dolan.daniel Email: danieldolan@icloud.com
Affairs, Management consulting and training
restaurant „Brasserie de Verres en Vers“, Astorija Bar,
CAMIRA FABRICS Ltd (www.camirafabrics.com) / Contract GlaxoSmithKline Pharmaceuticals www.gsk.lt
PUBLICUM, UAB (www.publicum.lt) / Public Relations, Public
one of strategic IT engineering centres providing support for
BRITISH COUNCIL (www.britishcouncil.lt) / the United
I am a British male dancer currently working with the Lithuanian National Ballet. Graduate of the Bolshoi Ballet Academy in Moscow. Aiming to help grow the art collaborations between Lithuania and Britain mainly focusing on promoting ballet and dance here in Vilnius.
provider and responsible lender
lifeintechnology.co.uk/global-locations/vilnius-lithuania/) /
BIURO PASAULIS, UAB (www.biuropasaulis.lt)
DNB bankas Banking www.dnb.lt
PROVIDENT FINANSAI (www.provident.lt) / Personal credits
(www.radissonblu.com/hotel-vilnius) / Hotel, French
BITĖ LIETUVA, UAB (www.bite.lt) / Telecommunications
Carlson Wagonlit Travel Corporate travel management www.carlsonwagonlit.lt www.kalevatravel.lt
automation technology
BARCLAYS GROUP OPERATIONS LIMITED (http://www.
BEST WESTERN HOTEL VILNIUS (Naujasis Vilnius, UAB)
Contact details:
Lithuanian-
(www.bak.lt )/ Health Care
BANKSERVIS, UAB (www.bankservis.lt) / Bank and office
Company contact details: CEO, Zoja Antuchevic JSC, FORTCONSULT Kareiviu str. 19-188 Vilnius, LT tel. +370 5 26 20 370 www.fortconsult.net
BALTIC AMERICAN MEDICAL & SURGICAL CLINIC
Market research
BCC Social Member Daniel Dolan
Contact details:
BCC Corporate & Group Members
BCC Sponsor Members
BCC Corporate Member FORTCONSULT
15
List of BCC Members
LLOYD’S (www.lloyds.com) / Insurance and reinsurance MG Trade (www.mgtrade.lt) - Producers and sellers of high quality windows and doors
BALTIC FILM SERVICES (http://bfs.eu.com) / Film and television production BALTIC HOLIDAYS (www.balticholidays.com) / Tour operator in the UK specializing in Lithuania, Latvia & Estonia BCS INTERNATIONAL (www.bcsinternational.net) / The Behaviour Change Specialists, are an international people development organisation, dedicated to the practical use of emotional intelligence to improve individual and team performance. DEKONA, Evaldo Darškaus IĮ (www.dekona.lt) / Management Consulting: Operational efficiency, Lean, Six Sigma, process improvement D & T Global - Developer of real eastate EUROCONTINENTAL Limited / Textiles FINREDA, UAB (www.finreda.net) / Corporate services provider. Legal, financial and business consulting & services including translations to Lithuanian and foreign companies FRENCH INTERNATIONAL LYCEUM OF VILNIUS (www.efv. lt) / School GENCS VALTERS, Law Firm (www.gencs.eu ) / full service, general practice international business law firm with offices in Riga, Tallinn and Vilnius focused on tax, litigation, M&A, corporate, immigration, finance and intellectual property law GROWING TALENT (www.growingtalent.eu) / Providing
NEWSEC (www.newsec.com) / Real Estate NORDGAIN (www.nordgain.com) - Financial, tax, asset, transaction, management consulting, finance and accounting
executive coaching, and delivering training for leadership
services
(www.londonisl.com) / Business courses, specialized training
NORTHWAY (www.nmc.lt) / Private medical centre
for both IELTS and TOEFL university admission exams
NOVOTEL VILNIUS CENTRE (www.accor.com) / Hotel
LitCapital Asset Management (www.litcapital.lt) /
services
independent professional private equity fund management
ODONTIKA (www.odontika.com) / Dental surgery
MYKOLO ROMERIO UNIVERSITETAS (http://www.mruni.eu)
OMNITEL (www.omnitel.lt) / Telecommunications
/ higher education
PRIMUS Attorneys at Law (www.primus.legal) / A pan-Baltic
MAGHRIB, Moroccan Restaurant (www.facebook.com/
full service law firm with offices in Lithuania, Latvia and
MaghribLT/) Food & Beverage(NEW!)
Estonia
VILNIUS MONTESSORI PRE-SCHOOL (www.vms.lt)
PHOENIX CONTACT (www.phoenixcontact.com) /
/ International Montessori environments based on Dr.
manufacturer of electric connection and industrial
BCC SPONSOR MEMBERS
and talent development LONDON INTERNATIONAL SCHOOL OF LANGUAGES
Maria Montessori’s humanistic philosophy and approach, specializing in Early Childhood Education and Parent Education QUANTUM CAPITAL (www.qcapital.eu ) / Investment banking & strategic advisory boutique RAIMDA Auditas (www.raudit.lt) / Audit STAY (www.stay.lt) / Business & leisure concierge TAURAGĖ
INDUSTRIAL
PARK
(www.tip.lt)/
Industrial
premises for rent in Southwest Lithuania V. Paulius & Associates (www.vpa.lt/) - Real Estate VILNIUS INTERNATIONAL SCHOOL (www.vischool.lt) / International Baccalaureate World School. Early childhood education, primary and middle school. VINKLERIS
and
partners
(www.legalconsulting.lt/)
/
international law firm providing legal advice regarding taxes, company establishment and competition, as well as family and labor law issues OVERSEAS MEMBERS Overseas members CHANGING CULTURES (changingcultures.wordpress.com) / Business consultancy in creativity and engagement EUROBALTIKA (eurobaltika.co.uk) / Financial and accounting services to individuals, small or medium-sized business and international companies JYSKE BANK Private Banking (www.jyskebank.dk) / Private banking NORMA FOSTER LTD / business consultancy on export communications, sales and reputation in international markets
SENATE PUBLISHING LTD (www.senatepublishing.co.uk/) / Full-spectrum publishing and communications solutions TODAY TRANSLATIONS (http://www.todaytranslations.com) / translation, interpreting services
BCC Social Members Adrian North Andrius Končius Ben Lunn Bryan David Wallace Chris Butler Christian Ranft Daniel Dolan (NEW!) Geoffrey Cohn (Life Member) Hugh Miles Thomas OBE, FCA (Life Member) Dr Helene Ryding Jūratė Rusteikaitė – Bakšienė Kevin Badgery Mark Whittle Mervyn Richardson (Life Member) Milda Dargužaitė Michael West Nick Price Ron Sheppard Sigitas Žutautas Linutė Miknevičiūtė Cohn (NEW!)
BCC Board 2015-2017 Honorary President Claire Lawrence, HM Ambassador to Lithuania Chairman Chris Butler BCC Social Member Field of interest in the Board – Events & Membership Alistair Day-Stirrat Odontika Field of interest in the Board – BCC Paper Asta Grabinskė AVIVA Lietuva Field of interest in the Board – Financial Services Ben Harvey Growing Talent Field of interest in the Board – CSR Mantautas Paškevičius Strategic Staffing Solutions International Field of interest in the Board - Trade & Investment Milda Dargužaitė BCC Social Member Field of interest in the Board - Trade & Investment, Financial services Robert Juodka PRIMUS Field of interest in the Board - Trade & Investment Toma Vevelstad Amber Staff Field of interest in the Board - Events & Membership Tomas Kontautas Lloyd’s of London Field of interest in the Board - Financial services Vaineta Barevičiūtė DNB Bank Field of interest in the Board - Financial services Viktorija Trimbel Quantum Capital Field of interest in the Board - Trade & Investment
Palanga Airport: one of Europe’s fastest growing airports This spring Palanga Airport was ranked one of the fastest growing air gateways in Europe – the good news arrived with the release of the airport traffic statistics for April 2016 calculated by Airports Council International Europe (ACI EUROPE). In April 2016, 19,400 passengers travelled through Palanga Airport, 87.3% more than the previous year.
Due to a convenient schedule and early flights, passengers travelling from Palanga through Warsaw will have a chance to reach their desired destinations all across the world. Other long-standing partners of Palanga Airport - Latvian airline AirBaltic, which provides air service to Riga; Norwegian flies to Gardermoen, the major Oslo Airport; SAS operates to Copenhagen.
According to Lithuanian Airport data, the passenger traffic statistics for June are even more impressive - the number of travellers choosing Palanga Airport skyrocketed from 10,700 to 21,200 in one year, marking an increase of 98% or essentially doubling. “The merger of Lithuanian airports and their joint development strategy proved to be a success - the team, which is driven by common objectives, can work faster and more effectively. Consequently, this year Palanga has more than doubled the number of airlines operating at Palanga Airport compared with last year, which has also resulted in a considerable growth in passenger traffic. Despite that, we are not going to stop and we are continuously in the search for development opportunities,” noted Marius Gelžinis, Director of Palanga Airport.
Passenger convenience The growing passenger flows necessitated certain changes - modern solutions improved the speed of the free wireless connection “Invest Lithuania FREE Wifi”; car parking lots were modernised; the online parking reservation system was introduced at Palanga Airport. Those who prefer to travel to the airport by public transport can now conveniently reach the centre of Palanga or Klaipėda by taking a bus, which runs according to the flight schedule. After the parking lots were modernised, an automatic number plate recognition system with automatic cash-desks, additional video surveillance systems and LED lights were set up next to the Passenger Terminal of Palanga Airport. In addition, the car parking procedure was also changed in the parking lots. One of the new improvements for passengers is free parking. The parking lot near the Passenger Terminal provides the opportunity of 10 minute free parking per day for a convenient seeing-off or greeting of your relatives and friends. Besides, travellers can pre-book a car parking space and pay for it before arriving at the airport in order to avoid any parking related troubles upon arrival. Thanks to the online system, passengers may plan in which parking lot and for how long they will park their car. In order to do the booking, it is necessary to enter the registration plate number, the expected parking duration and one’s name and surname on the website of Palanga Airport. Should the plans change, the registration plate number as well as the booking can be corrected or cancelled. You can pre-book a parking space for your car online in Palanga Airport’s long-term parking lots. The parking space booking period ranges from one day to several months. Discounts are applied to advance reservations, i.e. a month or more in advance. Loyal clients can expect discounts as well.
Long-awaited flights to London This year Palanga Airport was discovered by low-cost airlines – both Wizz Air and Ryanair launched flights from the Lithuanian seaside town to London. Wizz Air operates flights to London Luton Airport three times a week - on Tuesdays, Thursdays and Saturdays. Ryanair flies to another airport in the capital of the UK - London Stansted Airport. Flights are available twice a week - on Tuesdays and Saturdays. Convenient flights for holidaymakers This summer as many as three airlines will operate seasonal flights to the Lithuanian seaside - Rusline, making a return to Palanga Airport for the fifth consecutive year, and the newcomers in Palanga - Belavia and Ukraine International Airlines. The airline Belavia helps Belarusian residents save time spent on the trip between Minsk and Palanga. From 19th June to 4th September, it will provide air service connecting the two cities every Sunday. The flight lasts a bit longer than one hour.
Ukraine International Airlines operating from Palanga to Kiev improves the Lithuania-Ukraine air connection. Flights operate twice a week, on Wednesdays and Sundays, until 21 September. Rusline operates from Palanga to Moscow. Seasonal flights are available on Sundays until 28th August.
New and long-standing partners LOT Polish Airlines also launched operations at Palanga Airport at the beginning of the summer season. The airline operates three weekly flights to Warsaw Airport which started on 12th June; during the summer season the number of flights increased to five flights per week.
Spend your
summer hoLidays
by the Baltic Sea!
Check it out what is waiting for you: 98 comfortable rooms and apartments Outdoor grill dishes or a la carte menu at the Hotel terrace or restaurant Splendid SPA center with more than 100 SPA procedures for your choice Outdoor heated swimming pool Design Champagne Bar near the outdoor pool with the big choice of snacks and drinks Live music performances every summer weekend Professional childcare service Outdoor tennis courts, basketball playground and bicycles for rent
Vanagupe str. 31, LT-00169 Palanga, tel. +370 460 41199, reservation@vanagupe.lt, www.vanagupe.lt
Have a wonderful time and unforgettable experience at the Hotel Vanagupe!