CORPORATE

Shortage of IT specialists to hit 10,000 in Lithuania by 2020

IT specialists will continue to be the most sought-after employees in Lithuania to 2020 and beyond as skills shortages continue in the key sector. […]

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Economy

Indie developers JetCat Games receive first venture capital in Lithuanian gamedev industry

JetCat Games, founded by three game developers from Belarus, Ukraine, and Russia, has just marked a new milestone in the Lithuanian gamedev industry by becoming the first game developer to receive venture capital from a Lithuanian risk capital fund. The indie game development company, which moved to Vilnius almost a year ago, has just received EUR 100 000 from Lithuania-based venture fund Practica Capital. […]

Mantas Radvila
Economy

Lithuanian game developer with 30m users aiming to triple revenue in 2015

With over 30 million downloads worldwide of their game development platform, Kaunas-based TutoTOONS is going from strength to strength. Established as a start-up two years ago by two Lithuanian game developers, the company now has 15 staff in Kaunas and Barcelona, and has ambitious plans for further expansion. One of TutoTOONS’s founders, Mantas Radvila, makes no secret of the fact that he had a chance to settle in the US and develop his business there, but chose Lithuania instead. DELFI, a Lithuanian media network, caught up with Mr Radvila to discover the reasons behind this decision, and what the secret of the company’s success is. […]

Informatics Winners
Global LT

Global success for Lithuanian computing students

Two Lithuanian students at the University of Edinburgh have won a $10,000 prize at a global computer coding competition in Mumbai. […]

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Economy

Global Game Jam Lithuania: more than 60 games crafted in just one weekend

Global Game Jam is an annual, global marathon for game developers and enthusiasts also held in Lithuania. The event took place across three locations in Lithuania on January 23-25. The purpose of the marathon is to give a platform for professional game developers and enthusiasts. Event is seen as a natural space to meet up, build new relationships, share ideas and craft innovative games. […]

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Economy

Wages in IT determined by productivity, not change of currency

The euro which will shortly replace the litas will have a positive effect on the IT services market of Lithuania, however, it will hardly bring any significant changes. Antanas Ursulis, general manager of CSC Baltic which provides IT services, says that the euro will not bring any dramatic changes to working conditions or expectations of employees; nevertheless, the new currency will help Lithuania enhance its image as a reliable and attractive country for investors. […]

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Economy

Lithuanians outpace neighbours in Microsoft game development programme

Lithuanian game developers who participated in AppCampus, Microsoft and Aalto University’s global mobile applications business accelerator programme, have been more successful than their counterparts from the other Baltic States. Ten Lithuanian projects have received funding for further activity since the start of AppCampus in 2012. […]