News from European Merchant Bank – EMBank

How can businesses effectively manage their excess funds?

I presume that highly successful businesses sooner or later encounter the dilemma of what to do with the company’s excess funds? This question is particularly relevant during uncertainty in the global economic environment. Consequently, some businesses are hesitant to invest in new equipment or expansion, and instead, they keep the company’s funds in bank accounts awaiting more favourable times. However, it is not news that inflation depreciates this money’s value over time. Let’s discuss some strategies that can enable companies to employ excess funds. However, before choosing one or the other, consider the need for liquidity and the return criteria for the excess funds. It is essential to be aware that, in general, the greater the return, the greater the risk, including the risk of investment liquidity.

Investing in real estate

For a business, investing in real estate offers the opportunity to earn a stable rental income, while the rising value of the property can provide a generous future return. However, selecting the right property requires an in-depth knowledge of the current trends in the property market and the ability to anticipate future developments. For example, some commercial properties in the city centre or elsewhere may be desirable because of the prospects of generating regular income and growth in value. The wrong choice and poor investment can be counterproductive in the long term. This is why investing in real estate requires a responsible assessment of prospects, risks and liquidity. Property maintenance, taxes, and market fluctuations should also be considered inseparable factors when investing in property. According to experts, commercial real estate has a greater return on investment but lower liquidity than residential real estate.


Bonds are another way for companies to use their excess funds. Bonds, issued by both public and private companies, allow investors to earn interest. The risk of an investment differs considerably depending on the bond issuer. The risk will be minimal for government bonds but increases significantly when investing in corporate bonds. Corporate bonds may be secured by collateral but are usually unsecured. Anyone considering purchasing a corporate bond should know that some bonds may be redeemable after two years, while others may be maturing after ten years or longer. Some bonds pay accrued interest semi-annually or annually, while others offer accrued interest only at full maturity. At present, bonds may yield between 6% and 15% per annum.

Interest on funds held in a bank account

This type of investment is particularly well-suited for companies prioritising financial security and liquidity. In Lithuania, funds up to EUR 100,000 held in a current account are insured, giving businesses the flexibility to dispose of their funds for day-to-day needs, but with the added benefit of earning interest on the bank account balance. Before selecting such an investment tool, one should do their research and homework on the terms and conditions of banks and credit unions since there is a wide range of offers on the market.
For instance, a company with a current account with the European Merchant Bank (EMBank) could earn 3% on the balance in the account. Interest is calculated and paid at the end of each month if the account’s average daily balance is more than EUR 50,000 per month. In addition, until the end of July this year, an additional interest rate of 0.5% per annum applies if the average daily account balance is more than EUR 100,000. For more information on EMBank’s offer, see
Businesses may lose significant amounts of money yearly due to inflation just by holding funds in a bank account. Utilising excess funds can not only offset inflation but also generate additional returns. However, each investment tool has advantages and risks.
It is essential to understand that there is no one-size-fits-all approach for all businesses. Each choice must be considered in the context of the company’s specificities, financial situation, market dynamics and long-term objectives.

Aurelijus Šveikauskas, Deputy Director, Member of the Board at EMBank


New member Novotel Vilnius Centre

4-star city-centre nonsmoking hotel, a few minutes’ walk from the Cathedral and the old town with historic sites, shops, governmental and cultural institutions, Opera house, the business city. Located in Gedimino avenue, Vilnius’s main street, it is a convenient point to explore Vilnius properly. Bus stops provide you with easy access to public transport. The 9th floor of the building provides picturesque views to downtown from above.

Novotel Vilnius Centre is the perfect place whether you are travelling for business or leisure. Hotel offers 159 well-appointed, fully renovated, air-conditioned, soundproof, spacious rooms with cable TV, a mini-bar, deposit box and free Wi-Fi. Rooms – according to Novotel’s standards: contemporary decor, light colors and lots of natural light and feature wooden furniture that includes a work desk. A private bathroom with amenities and a hairdryer consists of a shower and bathtub. The hotel’s wellness center on 7th floor is equipped with a small sauna and steam bath.

The lavish hot breakfast buffet in the sunny restaurant gets you fueled up for the day ahead at Novotel. Restaurant Winestone onsite.

The hotel’s staff is available 24/7.

New member UAB Adwisery

Adwisery is searching, developing and implementing smart solutions for companies that think differently.
It helps Organisations manage Risks & Businesses Continuity, Information technology, Information & Cyber Security.

Adwisery provides services in these fields – Risk and Business Continuity management | IT management | Information and Cyber security Management | Maturity assessments (COBIT and ITIL) | COBIT, ITIL, GDPR, PCI DSS, PSD2, ISO27001, ISO20000, ISO31000 compliance management | Vulnerability assessments and penetration testing | Adequacy assessments of organisational and technical measures for the protection of personal data | Information security and personal data protection risk assessments | ISO27001, ISO20000, ISO3100, ISO22301 implementation | Implementation and integration of technical measures for information and cyber security

Adwisery has many years of experience in private and public sectors, providing information and cyber security and personal data protection management services, as well as deployment of information and cyber security and personal data protection management solutions. It provided the development on the IT infrastructure and information security management strategy, as well as vulnerability assessments, penetration testings, information security risk assessments, GDPR compliance assessments, implementations and optimisations of the Information security management systems (ISMS) according to ISO27001 to the State Tax Inspectorate, State Health Insurance Funds, the Bank of Lithuania, Girteka Logistics, Pigu, Exacaster, Achema, Carvertical Group and other public organisations and private companies.

Danish chess trainer Peter Heine Nielsen to meet the Nordic Business Community

Finnish Lithuanian Chamber of Commerce in cooperation with other Nordic Chambers invited Danish chess trainer Peter Heine Nielsen to meet the Nordic Business Community in Vilnius during the first launch of the Nordic Talks series targeted for the Nordic business community and organized by the Nordic Chambers. The event will take place on March 21, 17:00 o’clock at Radisson Collection hotel.

The first Finnish solarpowered refrigerated trailer hits the road

Juva, 21st June 2023 – TIP Group has received the first solar-powered refrigerated trailer from the Finnish company Valoe.

TIP has received the first refrigerated trailer pilot, equipped with Valoe’s solar system. The trailer will be operated by Frigoscandia, serving transport in unbroken cold chains utilising solar power. TIP and Valoe signed a contract in January 2023 for equipping hundreds of trailers by the end of 2025. The value of the three-year-agreement is approx. 20M€, which is subject to achieving the mutually accepted KPIs. Now, the first solar-powered refrigerated trailer is about to enter the roads.

The first solar-powered refrigerated trailer equipped with Valoe’s solar system is now fully operating. Valoe handed the first pilot trailer over to TIP on 20 June 2023 in Juva, Finland. The trailer will drive along the Scandinavian roads thanks to the transportation company Frigoscandia. Three more trailers with this specific technology will join TIP’s fleet in the coming months.

During this trial, the trailers will collect crucial and valuable information on the solar system, allowing Valoe to optimize its system further.

The pilot trailer has vehicle-integrated solar panels which produce enough electricity required for the cooling system without polluting. The solar panels are based on a conductive backsheet and meet EU lead-free criteria under the RoHS Directive. The durable and lightweight modules are mounted on an aluminium fastening and cooling element making the modules easy to install and replace.


The three companies, Valoe, TIP, Frigoscandia, and their customers, share a common goal of promoting environmentally friendly road freight. In January 2023, Valoe and TIP initiated a collaboration aimed at achieving cleaner road freight. As a key player in the transport industry, TIP is committed to reducing the impact on the climate and has set ambitious goals for reducing the CO2 emissions and diesel consumption of its refrigeration units. The introduction of solar-powered reefers in TIP’s fleet will not only benefit the company but also its customers by enabling them to reach their ambitious net-zero goals.

“The cleaner world is an important goal for us, and we are now striving for it together with Valoe,” says Rogier Laan, VP Sales and Marketing at TIP. “TIP has more than 16,000 reefers globally. We play an important role in the industry and strive to reduce the impact on the climate. We aim to significantly reduce the CO2 emissions and diesel consumption of refrigeration units in our current fleet, e.g., by integrating solar power systems onto the trailers. In new refrigerated trailers, we can refrain from using diesel altogether and be at the cutting edge in implementing more environmentally friendly technology in the transport sector.”

The emissions of greenhouse gases caused by road freight can be reduced by utilising solar energy. Reefers’ refrigeration engines are normally diesel-powered producing huge amounts of emissions. By replacing diesel in trailers with electricity, a significant proportion of which is generated by trailer-integrated solar panels, emissions and other negative impacts are minimised. Valoe’s photovoltaic system includes an automatic optimisation system which uses the electricity in the battery first and automatically starts the diesel engine when the electricity runs out. Temperature-controlled trailers are perceived as being very diesel-intensive, but with such innovation, we can drive the change toward more sustainable logistics!

“Every part in reduced climate impact contributes to our goal of a fossil-free operation and we welcome new technology to test and evaluate the best practice for sustainable food logistics”,says Peter Haveneth, CEO Frigoscandia

Iikka Savisalo, CEO at Valoe: “Valoe has worked hard focusing on the development and introduction of solar systems for mobility applications. One of the first moving segments is cold chain transport due to big useable surface areas where solar technology can well be implemented. We are proud to partner with such respected companies as TIP Group and Frigoscandia. Together we are looking forward to making zero-emission transport a reality”.

Read more: HERE


Fiskars group is the global home of design-driven brands for indoor and outdoor living. Since 1649, they have designed products of timeless, purposeful, and functional beauty, driving innovation and sustainable growth. Their brands are present in 100 countries across Europe, Asia, and the Americas. The diverse 7000-strong team is based in 29 countries, inspiring each other and learning, exploring, and creating together. They are making the everyday extraordinary. Fiskars long-term vision is to create a positive, lasting impact on the quality of life. As a team, they believe in creating change, celebrating the everyday, and growing with compassion.

New innovation from oats – Fazer builds 40-million-euro xylitol factory in Lahti

Fazer brings xylitol production back to Finland and builds a xylitol manufacturing facility in Lahti using hull as the raw material. Utilising the side stream of the oat milling process with state-of-the-art technology for xylitol production is a great example of a modern circular economy innovation. The xylitol market is expected to grow, and Fazer targets Northern Europe and beyond with this plant-based raw material of Finnish origin.

Fazer continues to develop its business and is investing 40 million euros in an oat hull based xylitol manufacturing facility in Finland to enter the xylitol market. The investment will strengthen Fazer’s position as a forerunner in value added grain-based products. In Fazer’s oat milling process, a substantial amount of oat hulls are derived as a side stream. Oat hulls contain xylose which can be used to produce xylitol.

“We have at hand an innovation where we combine patentable new technology, healthier options to consumers and an excellent example of an innovative circular economy solution. We believe that xylitol from a plant-based Nordic raw material with a Nordic origin will create interest also outside Finland and the Nordic countries, even globally. We plan to expand the xylitol production to our mill in Sweden, too. I’m proud of this example of the fearless creativity at Fazer, and we are excited about the new opportunities ahead of us,” says Christoph Vitzthum, President and CEO, Fazer Group.

Plant-based products and solutions are strategic growth areas for Fazer

Fazer is investing in the development of new production technologies and solutions. Producing xylitol from oat hulls is a true innovation with totally new technology. The production process is unique due to the raw material which, until now, has not been commercially utilised. Currently, oat hulls are used mainly for energy production.

The xylitol factory will be built next to Fazer’s oat mill on the Lahti site: The factory will be the first fully backward integrated xylitol manufacturing facility in the world capable of producing many forms of xylitol, supporting the market needs of the food, cosmetics and pharmaceutical industries.

The xylitol market is growing

Modern consumers are seeking healthier options to replace refined white sugar. Xylitol offers excellent potential for future product development.

The xylitol market is growing and Fazer aims to be the only xylitol manufacturer producing xylitol from a plant-based raw material with Finnish origin. Furthermore, xylitol is an important ingredient for Fazer’s confectionery business – Fazer is the only company producing chewing gum in Finland.

Fazer published the first news about the Lahti investment in January. The major investment will take place in 2019-2020. It will create 30 new jobs at Fazer in Lahti and also indirectly employ people. Works at the Fazer site in Lahti started in February 2019.

Fazer targets further expansion in Northern Europe and beyond

Sustainability is a constantly growing trend and consumers are increasingly interested in plant-based solutions. Fazer is developing its business and product portfolio with special focus on growth and consumer trends. Fazer’s aim is to transform into a modern sustainable food company. In line with the company strategy, Fazer targets further expansion in Northern Europe and beyond. The investment in Lahti supports this direction. The oat hull xylitol factory will be a part of the Fazer Lifestyle Foods business area.

During the past three years, Fazer has invested approximately 195 million euros in total, of which 136 million euros have been invested in Finland.

A few facts about xylitol 

  • Industrial production of xylitol is a Finnish innovation.
  • In Finland industrial production started in 1975.
  • The most popular xylitol products are chewing gum and pastilles.
  • Xylitol is a sweetener produced from xylose, which is found in various trees and plants, e.g. birch, beech, corn and berries.
  • Xylitol is low in calories (60% of calories of sugar) but as sweet as sugar.
  • Xylitol has an approved EFSA (European Food Safety Authority) health claim.
  • The daily use of xylitol is globally recommended by many dental associations to reduce the risk of caries.
  • Fazer is the only domestic xylitol chewing gum manufacturer in Finland.

For interviews please contact:

Taina Lampela-Helin, Manager, Communications, Fazer Group,, tel. +358 40 668 4600

Fazer’s media phone line is open Mon–Fri from 8:00 to 16:00, tel. +358 40 668 2998,

New Member Arginta Engineering

Arginta Engineering design and production company of high value added products. The company provides machinery/equipment manufacturing services to brands that are well-known worldwide. The company’s priority is to produce products of the highest quality and to provide reliability to its customers. Arginta Engineering works with different sectors: energy, pulp and paper, oil and gas, lifting equipment, construction, packaging, wood processing, mining, noise minimization equipment, fluid handling, renewable energy, and more. The company can suggest these services: project management, design, supply chain management, production and assembly, quality inspection and testing, delivery and assembly. The added value to their customers:

  • Fully assembled machinery/equipment;
  • Ability to take on large-scale projects;
  • Ability to handle special project requirements (Off-shore (FROSIO), IWE, Heavy machining and lifting special materials and etc);
  • Engineering capability;
  • Diversified industry sectors portfolio – flexibility in production.

The work can start from mechanical drawings, and design optimization for cost-effective production, to production line concept design with electrical documentation and instructions. Arginta Engineering  takes care of sourcing standard or unique materials, and components, saving customers time and costs, and simplifying the supply chain management (SCM). Arginta Engineering’s strategy involves strict on-time process control and operations are carried out in our factories: in Lithuania and Finland.

OP Corporate Bank – best in Finland

The best corporate bank – as rated by major companies in Finland – is our OP Corporate Bank. The bank has maintained its position among the top two corporate banks in Finland for the sixth consecutive year and is the only one that has consistently held this high position in the Prospera survey for so many years.

In the annual Kantar SIFO Prospera survey, the bank secured the first place in categories such as personal contacts, understanding banking needs, service minded, senior management attention, and quick decisions. OP Corporate Bank also received praise for its proactive approach

“My warmest thanks to our corporate customers for their trust, and to our personnel for their excellent work. I’m especially delighted that our customers see OP Corporate Bank as a quick decision-maker. Amidst growing economic uncertainty, the importance of rapid decision-making and active contacts is increasingly emphasised,” says Katja Keitaanniemi, CEO of OP Corporate Bank.

“Congratulations to our colleagues in Finland on this excellent customer rating. It reflects the values and philosophy of our bank. We always strive to provide clients with the best experience, speed, and value for their business, regardless of the country they operate in,” says Leda Irzikeviciene, Country Manager of the OP Corporate Bank Lithuanian branch.

The survey results indicate that major companies expect banks to understand their needs, be flexible, and make quick decisions. The survey involved 55 major Finnish companies with finance executives, and net sales of these companies amount to at least EUR 500 million.

New member – Akmenė Free Economic Zone joined the Finnish Chamber!

Akmene Free Economic Zone (FEZ) is the youngest out of seven, but most rapidly growing free economic zone in Lithuania. It was officially launched in 2019. By the end of 2022, Akmene FEZ  accumulated more than 300 million euros of foreign direct investment (FDI) and remains an important catalyst for the region, leading the economy’s diversification into new, value-added sectors.

Akmene FEZ consists of 98,6 ha of land dedicated to manufacturing plants and service companies. The rapid growth and well-developed infrastructure of the FEZ is signaling investors’ confidence. Businesses choosing to locate at Akmene FEZ enjoy 0% corporate profit tax during their initial 10 years of operation and only 7.5% tax over the next 6 years. Also, no tax on dividends and real estate tax.

Contact details:
Director Lina Mockute
Phone: +370 626 24424