The latest business news from the Baltics and Singapore

Dear , you are reading the second newsletter of the Baltic-Singapore Chamber of Commerce. We hope this information will be interesting for you. Enjoy reading!


Interview with Mr Andy Lim, Honorary Consul of Lithuania in Singapore

Please meet Mr Andy Lim, Honorary Consul of Lithuania in Singapore, before his visit to Lithuania on 12th – 15th September 2016.

Read the interview and get to know more about business relations between Lithuania and Singapore! You will find out  which business opportunities are of the most interest in Singapore, what are the greatest values in Southeast Asia and as well as find some pieces of advice if you are going to start business in Singapore.

Communication in business

“Success definitely needs constant professional advice and communication is certainly among the most important management functions in nowadays world”, thinks Rita Saunorytė Norutienė, Partner of Agency 1323. Watch the video and get to know more about the importance of communication in business!


Neglected real estate

Investments in neglected real estate: what you need to know

Jolanta Liukaitytė-Stonienė
Senior Associate, Law Firm GLIMSTEDT

One of the highest returns on investments in real estate may be expected in the cases where an acquired neglected real estate item is regenerated. However, not only renovation of property requires substantial financial investment in repairs or reconstruction works, new interior or equipment, but it might also be necessary to change the intended use of the premises or building.


Invest Lithuania: Lithuania into top 10 global investment locations

In the latest IBM Global Location Trends report, Lithuania has been ranked 10th globally for the number of jobs created thanks to foreign direct investment, a jump of 8 places on last year.

Invest Lithuania results

The largest ever green field project and two growing clusters: Invest Lithuania’s story of 2016 so far

Over the first six months of this year, Invest Lithuania has attracted 19 foreign direct investment projects to Lithuania, including what will probably be the largest green field investment in the country’s history.



New World Bank‘s Logistics Index was announced

In the recently announced World Bank‘s Logistics Performance Index (LPI) 2016 Singapore is ranked in the first TOP 5 together with Germany, Luxembourg, Sweden and the Netherlands. Compared to the rankings of 2014, Lithuania has significantly improved its scores and now ranks the 29th position globally (in 2014 it was the 46th). The other two Baltic countries, Estonia and Latvia, changed their positions very little, and have accordingly the 38th (in 2014 it was the 39th) and the 43rd position (in 2014 it was the 36th).


Enterprise Lithuania: Lithuanian businesses and scientists take the lead at the Baltic States’ life sciences industry

Lithuania, Latvia and Estonia are all countries with great potential in the life science field.

Enterprise Lithuania: Lithuanian biotech sector has a potential to grow tenfold

Lithuanian biotech sector has been growing by 20-25% annually and accounts for 1% of the GDP.



Future Ready Singapore: Creating the new power reality in 2025

By 2025, consumers will be able to buy energy like they are buying a box of cereals: they can source, compare prices and better understand their electricity supply.

Super grids will be able to transport energy over long distances, and buildings will have morphed into micro-grids, moving beyond just consuming to also generating energy and delivering it to consumers.


Government of the Republic of Lithuania: In ASEM Forum Prime Minister Algirdas Butkevičius meets with Singaporean Counterpart Lee Hsien Loong

Prime Minister Algirdas Butkevičius, participating in the European-Asian Forum in Ulan Bator, met with Singapore Prime Minister Lee Hsien Loong to discuss the bilateral relations and the cooperation in science and innovations.


iAdvisory Seminar: Going Global on the Cloud, Singapore

September 7 @ 9:30 am - 1:30 pm

Cloud computing, or “the cloud,” is a form of internet-based computing where users store and process data over the Internet on-demand, instead of on the users’ computer. The cloud is regarded as one of the most disruptive online technologies today as it offers companies new productivity tools to optimise their overseas operations, and new business models for providing services to clients.


Public discussion “Government in business - role of state owned enterprises“, Vilnius, Lithuania

The Ministry of Economy of Republic of Lithuania invites to the public discussion “Government in business - role of state owned enterprises“ led by Mrs Lim Hwee Hua on September 13th 10.00 – 12.00 a.m., in the Hall of Ministry of Economy No 209.

Mrs Lim Hwee Hua is a former Singaporean politician; she was the first woman in Singapore's Cabinet and served as the Second Minister for Finance and Second Minister for Transport in the period from 2004 to 2011.

Mrs Lim Hwee Hua is coming to Lithuania together with her husband Mr Andy Lim, the Honorary Consul of Lithuania in Singapore.

If you would like to attend, please register by the E-mail

Life Sciences Baltics 2016, Vilnius, Lithuania

September 14 @ 9:00 am - September 15 @ 5:00 pm

Life Sciences Baltics 2016 is the only international forum in the Baltics for world-class biotechnology, pharmaceutical and medical devices experts from all around the world. It provides a unique opportunity to explore the new horizons of partnerships, exchange ideas and seek progress through networking. Discover enormous potential and passion in the field of life sciences in Lithuania and the Baltics – the gateway to emerging markets.


Save the date for special meeting of the project participants with representatives of Singapore Economic Development Board (EBD) on 15th September 2016, at 9 – 10 a.m. in Vilnius.

The Singapore Economic Development Board is the lead government agency for planning and executing strategies to enhance Singapore's position as a global business centre.

The representatives of EBD will tell about Singapore business environment, starting or expanding a business in Singapore and other useful information for those who are thinking about entering the market of Southeast Asia.

More information is coming soon.


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If you have any questions, suggestions or if you want to see information about your company in this newsletter, please feel free to contact me.
Jurgita Telešienė Project Manager +37061492540