No Picture
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. […]

Duomenų perdavimo magistralė "Baltic Highway"
Uncategorized

3,000km optical fiber network connects Eastern and Western Europe

21 January 2015 marks an official launch of the Baltic Highway, a modern data transmission network, connecting Tallinn (Estonia) and Frankfurt (Germany) via Riga (Latvia), Vilnius (Lithuania), Warsaw (Poland) and Berlin (Germany). The 3,000km optical fiber network is distinguished for its reliability, low 35 milliseconds latency, capacity of 100G per channel and 9.6 Tbit/s total throughput. […]

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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

Sweden’s East Capital Explorer acquires majority holding in Lithuania’s Cgates

East Capital Explorer’s direct investment Starman, the leading cable TV and broadband internet service provider in Estonia, has signed an agreement to acquire 100 percent of Lithuanian Cgates for a total enterprise value of EUR 56.3 million. […]

Economy

Over half of Lithuanians use internet daily

Internet usage has become very widespread amongst the EU population, and not only are more and more people using the internet, but they also use it more and more often, with almost two-thirds (65 percent) of individuals aged 16 to 74 in the European Union using the internet daily in 2014, compared with less than a third (31 percent) in 2006. During the same period, the percentage of individuals in the EU that have never used the internet dropped from 43 percent in 2006 to 18 percent in 2014, Eurostat, the statistical office of the EU announced. […]

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Economy

13 percent of Lithuanian enterprises use cloud computing

Instead of building their own IT infrastructure, enterprises have the possibility to access computing resources hosted by third parties on the internet. […]

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Economy

Fast-growing US iPad POS company Revel Systems to develop division in Lithuania

Revel Systems, a rapidly growing developer of innovative iPad point of sale payment systems based in the US, is establishing a division in Lithuania. Having recently attracted 100 million US dollars of investment from New York based venture capital fund Welsh, Carson, Anderson & Stowe and other strategic investors, the company plans to establish a division in Lithuania to expand its team of IT engineers and to distribute products in the EU. […]

Mats Persson
Economy

Decentralised management approach is key to attracting top Lithuanian talent for Danish Adform

Mats Persson marvels at the changes Vilnius has undergone since his first visit to Lithuania just three years ago. The Swedish head of Adform, a Denmark-based specialist in multi-screen brand advertising, comes to the firms’ Vilnius office several times per month, and is impressed by the pace at which the Lithuanian capital is developing. […]