REHAU, a family-owned polymer specialist with annual sales of around EUR 3.5 billion, is establishing a cutting edge production facility in Klaipėda, Lithuania. The facility, which will be located in Klaipėda Free Economic Zone (FEZ), […]
In recent years, not only employee wages but also business owners’ profits have been rising. And increasing profits do not always reach the employees’ wallets. Bank of Lithuania economists, who made such conclusions, explain that […]
The Ministry of Economy and Innovations has registered a legislative package, which specifies that the state could take land belonging to individuals if a large investor needs it. Seimas jurists note that this could clash with the Constitution. […]
Fast-growing financial services consultancy Catalyst Development Ltd has announced a record year. Between April 2017 and March 2018 [FY18], Catalyst substantially grew its investment base, services, markets, clients, staff and profitability. Since October 2017 alone, Catalyst has achieved a record increase in organic growth and client delivery, tripled its staff numbers, acquired a market-leading asset and wealth consultancy with an offshore base in Jersey and been named as one of the UK’s top 50 Best WorkplacesTM. Today, the firm is announcing the opening of a new nearshore consultancy hub in Vilnius, in partnership with Invest Lithuania, to allow it to further scale its services to clients across all European financial centres, a Catalyst Development press release states. […]
As part of its strategy of strengthening manufacturing capacities in Europe, the technology company Continental, is to build a new facility in the Kaunas region of Lithuania. The company plans to invest €95 million in the new unit, which will produce electronic components and create around 1000 new jobs over the next five years. […]
Invest Lithuania, the government’s agency in charge of attracting foreign investment, has sealed 19 foreign direct investment (FDI) projects this year. Over the coming three years, these investments are expected to create 1,800 new jobs, the agency said. […]
Cujo, which was named as one of the hottest up-and-coming startups at this year’s TechCrunch Disrupt conference, is setting up operations in Lithuania. […]
Top Chinese officials and business leaders from the Longhua district in the region of Shenzhen are visiting Lithuania next week and have issued an open invitation to Lithuanian companies, investors and business leaders seeking investment to a networking event in Vilnius. […]
Foreign investors located in Lithuania generate higher returns on equity than in other countries, a study by foreign investment development agency Invest Lithuania shows. […]
Lithuania picked up five major awards at this year’s Central and Eastern Europe Shared Services and Outsourcing Awards in Warsaw and came out on top overall for the second year running. […]
The government should decentralise state-controlled enterprises, public institutions and government organisations to the regions to move more jobs out of the capital to the regions, especially to the underdeveloped municipalities, said parliamentarian Kęstutis Masiulis. […]
The latest figures show that last year was a record year for Lithuania and Invest Lithuania with 50% more jobs created from foreign investment than last year, according to the agency. […]
Lithuania’s second-largest city Kaunas has become the first Central and Eastern European city granted the status of a UNESCO design city in the UNESCO Creative Cities Network, reports Invest Lithuania, the state investment promotion agency. […]
A new information portal designed to ease immigration to Lithuania for highly-skilled specialists and investors from outside the EU is launching this week. The project, entitled Internet Gates, is managed by Invest Lithuania, the foreign direct investment development agency. […]
Fun Guide, China’s leading mobile e-commerce and integrated mobile solutions company, has chosen Lithuania as the location for its first office in Europe. The company, which counts among its customers a number of big Chinese players including major banks, will open Fun Guide Europe, a Vilnius-based mobile software development and data mining office, this autumn. The company is now recruiting a team of talented software specialists in Lithuania who will be responsible for developing new mobile software for the company and will also carry out big data analytics. […]
Kaunas Airport is changing rapidly, with a progressive future vision. The creation of Lithuanian Airports last year, following the merger into one entity of Vilnius, Palanga, and Kaunas airports, has established a clear strategic direction. This sees Kaunas Airport become the base for aviation-related businesses through implementation of the AEROHUB KUN investment project, Invest Lithuania, the state investment promotion agency, reports. […]
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