Milda Dargužaitė
CORPORATE

Dargužaitė’s aims – lower governance costs and staffing reduction

“I definitely would not have taken this position had it just been for maintaining the bureaucracy. I am definitely not the most suitable person for that. I am entering from outside in order to make changes. The most important reforms we have in mind are increasing the effectiveness of institutions, the review of work processes and the implementation of the Lean system into the state sector, which would increase work effectiveness. […]

Christmas tree in Kaunas
Economy

Netherlands’ GeoPhy setting up services centre in Kaunas

GeoPhy, a Dutch big data company that collects, processes and analyses data on the global real estate market has set up an office in Kaunas. By mid-2017, the company plans to have recruited up to 25 experienced specialists who will be responsible for collecting and analysing data from all over the world. They will be doing this from Kaunas, GeoPhy announced in a press release. […]

Western Union service centre in Vilnius
Economy

Lithuania’s shared services sector records 12% growth

Personnel levels in Lithuania’s shared services sector have increased by 12% this year. And with 7 new centres established in the last 12 months, there are now a total of 50 shared services centres operating in Lithuania, Invest Lithuania reported. […]

"Philip Morris Lietuva"
Economy

Philip Morris launches EUR 40mn investment project in Lithuania

On 23 December, Philip Morris announced the launch of a new LTL 137 million (EUR 40 million) investment project to expand its factory in Klaipėda. The expansion and modernisation of the factory, which is already set to start this year, will increase production capacity by 40 percent. All extra production will be exported, primarily to the highly quality exigent market of Japan. The investment will create 40 new jobs at the factory and provide more orders for local Lithuanian service suppliers and business partners. Currently, more than 90 percent of Klaipėda-based factory production is exported to around 60 global markets, Invest Lithuania said. […]

No Picture
Economy

British investment into Lithuania doubles ahead of entry to Eurozone

British foreign direct investment (FDI) into Lithuania has nearly doubled in three years ahead of the country’s entry into the eurozone. […]

Arvydas Arnašius
Economy

Arvydas Arnašius to head Invest Lithuania

Arvydas Arnašius, acting head of Invest Lithuania, will step in as permanent head of the government’s foreign investment promotion agency after winning a respective competition organized by the Economy Ministry. […]