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. […]
Homanit, a leading manufacturer of medium-density (MDF) and high-density (HDF) wood fibreboards from Germany, has announced building a plant in the Vilnius region. The company is expecting to around 100 million euro and hire 440 employees in the first five years of operations, a press release from Invest Lithuania states. […]
Paystra, a fintech company founded and financed by Icelandic payments experts, providing payment services, is establishing its headquarters in Vilnius, Lithuania, and plans to build a team of 30 professionals over the next two years. The company, led by two payment market veterans, will develop and deploy state-of-the-art electronic payment solutions for European merchants, a press release from Invest Lithuania states. […]
Today, Revolut together with the Bank of Lithuania have announced that the challenger bank received a Specialised Banking License, which will allow offering and passporting an even wider range of solutions to customers in Europe. The move of getting a license in mainland Europe has been considered by many a hedge against Brexit. Having received both the Specialised Banking license and Electronic Money Institution facilitated by the Bank of Lithuania, Revolut is now effectively safe from any decision regarding Britain leaving the EU. From 2019, Revolut will start accepting deposits and offering retail and business lending, making it an even bigger rival for traditional banks, a press release from Invest Lithuania states. […]
Moody’s Corporation has chosen Vilnius, Lithuania as the location for its newest European office. Moody’s provides credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moody’s expects to grow its new office over the next few years and chose Vilnius over a number of other European cities. Hiring of staff in Vilnius is expected to start in January, 2019, a press release from Invest Lithuania states. […]
NKT, a leading global power cable manufacturer, and THINKT, an innovation hub backed by the Danish company, are bringing their joint competencies to Kaunas where they are establishing a digital project development team. The new site will collaborate with the THINKT hub in Berlin to support and develop new projects for the energy industry, a press release from Invest Lithuania states. […]
TeraSky, a leading Israeli cloud solutions integrator, has just announced the opening of its European branch in Vilnius, Lithuania. The company, whose customer base includes global enterprise leaders in high-technology, finance, defence, cyber, telco and other areas, plans to hire several dozen local specialists. The Vilnius office will be responsible for software development, professional services and regional support, a press release from Invest Lithuania states. […]
Railsbank, a leading UK-based open-banking and RegTech platform, has opened a new office in Vilnius, Lithuania, a press release from Invest Lithuania states. […]
Arctic Adventures, an Icelandic adventure tour operator, has announced plans to open its first office abroad in Lithuania. The company is looking to hire around 75 employees for their Vilnius team within the next three years, a press release from Invest Lithuania states. […]
Recently a positive trend can be observed in Lithuania – we are increasingly frequently hearing about factories being established in the country, about their development and new foreign investors. Experts are celebrating that the construction […]
MERA, a global software services provider based in Zurich, has announced opening a software development division in Vilnius, Lithuania. Over the course of several years, the company plans to employ over 200 software engineering professionals, a press release from Invest Lithuania states. […]
German car parts giant Continental on Friday launched the construction of a new plant, worth 95 million euros, in Lithuania’s second-largest city of Kaunas’s free economic zone, in a largest investment in the country in 20 years. […]
Milda Dargužaitė, a former chancellor of the Lithuanian government, has been appointed as CEO of Denmark’s investment company Northern Horizon. […]
President Dalia Grybauskaitė has sent the world’s smallest nativity scene to Pope Francis as a unique Christmas gift created by Lithuanian scientists and students. […]
Lithuania’s Prime Minister Saulius Skvernelis has confirmed to BNS he had chosen MP Virginijus Sinkevičius, deputy elder of the ruling Lithuanian Farmers and Green Union group, as candidate for economy minister. […]
“We have to listen to the youth more often. We often think that the older, the wiser and more experienced, but the world changes quickly and the future has to be created by young people […]
In an effort to attract more investments and protect Lithuania’s interest abroad, the government has come up with an idea of replacing commercial attaches working in embassies with specialized envoys of institutions. […]
Invest Lithuania, the government’s foreign investment promotion agency, will look at how to attract local and foreign investors to the district of Šalčininkai, in the southeastern part of the country, Prime Minister Saulius Skvernelis said on Friday. […]
A day after the Tesla Motors lithium accumulator factory opened in Nevada, government and business representatives met for a discussion of the potential to build such a gigafactory in Lithuania as well. […]
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