Welcome new member Media GO

I am pleased to announce that our FLCC trademark will be more visible and vibrant from now on – we are beginning a partnership with the communication agency MEDIA GO. The agency will manage our external communications.

I invite you to engage and connect at the upcoming events:

  • With MEDIA GO founder and manager, Ieva Abromavičienė: ieva@mediago.lt
  • With MEDIA GO Social Media Projects Manager, Auguste Pranckevičiūtė: auguste@mediago.lt

You can find more about MEDIA GO here:

If you need assistance with communications, please get in touch with the MEDIA GO team and talk.

Let‘s be visible!

Welcome new member InMedica klinika

A new member joins the Finnish-Lithuanian Chamber of Commerce community – InMedica klinika, the largest private healthcare provider in Lithuania 🇱🇹 🇫🇮

🔵 The Group operates 84 clinics and five laboratories in 27 cities across Lithuania, providing family medicine, diagnostics, outpatient care, surgery, and dentistry services. „InMedica“ Group unites well-known brands – InMedica, Cardiolita Clinic, and VIC Dental Clinics.
🔵 From 2025 InMedica klinika has become part of the Mehiläinen Group, one of Northern Europe’s largest private health and social care service providers with operations in Finland, Sweden, Germany, and Estonia. The Group serves over 2.1 million clients through 840 locations and has over 37,000 professionals.

We are delighted that the Finnish-Lithuanian Chamber of Commerce community is growing and is strengthened by responsible, innovative, and internationally collaborative businesses

Welcome new member Via laurea

Founded in 2008, Via laurea has established itself as one of the leading Odoo partners in Lithuania. With extensive knowledge and a team of certified specialists, the company offers a wide range of services, including Odoo ERP consultations, implementation, development, training, and maintenance. Additionally, we have developed our own set of localized accounting / payroll solutions for the software, fully covering the Lithuanian accounting needs and local regulatory standards.

In 2024, Via laurea also became an official Odoo partner in Finland as well as a member of various local associations, namely Suomi-Liettua Kauppayhdistys and the Business Shooting Club. As we enter this new chapter, we aim to bring not only our technical know-how, but also our core values of honesty and transparency into everything that we do. Our primary mission – To help your company grow with the best business management solutions!

New member 7bet

7bet is a dynamic and fast-growing online betting company based in Lithuania, offering a wide range of entertainment experiences across sports betting, live casino, and online slots. Proudly homegrown and fully licensed, 7bet holds operating licenses both in Lithuania and the United Kingdom, reflecting its commitment to international standards and responsible gaming.

Beyond gaming, 7bet owns and operates its own media agency, enabling it to drive impactful campaigns and strengthen its brand presence across multiple platforms. Backed by a super-strong team of product and marketing professionals, the company is known for its innovative platform, customer-centric features, and bold, creative approach to the iGaming space.

With continuous investment in technology and talent, 7bet is helping to shape the future of digital entertainment in the region. As a new member of the FLCC, 7bet looks forward to contributing to the growth of Lithuania’s digital economy and fostering strong collaboration within the Finnish-Lithuanian business community.

Smartpost Itella new name SmartPosti

Finnish Smartpost Itella is changing its brand and company name to SmartPosti. The parent company Posti is one of the leading logistics companies in Finland, Sweden and the Baltic countries.
Only letter „i“ is added to the Smartpost name. Smartposti will continue to provide the highest quality service and ensure fast and reliable deliveries through the widest network of post machines in Northern Europe – from Lithuania to Finland.

New member „Nord metal” UAB

 Dear Members and Friends, 

We have a new company – UAB NORD METAL which joined FLCC recently.

„Nord metal” UAB is the seasoned enterprise with extensive expertise, specialising in the manufacture of cut & bent rebars and prefabricated steel reinforcement cages. The enterprise successfully handles B2B projects in Lithuania as well as in foreign markets.

The company is looking for partners and projects in Finland.

Company news

MANA SLEEP AND SPA DRUSKININKAI. It offers 15% off from daily hotel rate and 10% off for Spa programmes for members of  Finnish Lithuanian Chamber of Commerce.

New fastly growing Finnish company Enerz has recently joined the FLCC

Enerz provides energy efficiency services for commercial and industrial properties, specializing in advanced and innovative automation and technical solutions. The company is one of the fastest growing energy efficiency companies in Finland. Enerz has conceptualized a comprehensive energy efficiency solution, allowing it to offer high quality and functional turnkey packages. Currently, the savings achieved in Enerz energy efficiency projects are the best in the market. Enerz currently have 5 offices world wide – 3 in Finland, 1 in Latvia, 1 in Lithuania.

Enerz UAB is a business unit of Enerz group which is located in Kaunas, Lithuania. We provide building automation and HVAC renovation services. We make smart and energy efficient buildings and can provide full scope automation and HVAC solutions – HVAC and automation design, programming, installation and start-up and commissioning works.

https://enerz.lt/

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

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 https://em.bank/lt/imones/saskaitos/verslo-saskaitos/.
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.