Against a backdrop of weak economic growth across Europe, Lithuania stands in good stead in terms of its economy. Boasting low debt and budget deficit levels, and with strong growth forecasts, the Lithuanian economy is stable and robust, mainly thanks to extensive reforms undertaken in recent years. […]
Lesto, Lithuania’s national power distribution company, has streamlined its power connection process for business and private customers. Connection time for new customers will be reduced by 2 days on average thanks to the changes, Invest Lithuania reports. […]
Last year businessman and investor Igor Matsanyuk moved his team to Vilnius, Lithuania’s capital city. And at the beginning of the summer he himself moved to Lithuania’s capital. […]
AlternativaPlatform, the creators of on-line game Tanki Online, which currently serves over 5 million users monthly, have announced the opening of their office in Lithuania. The office will soon employ five people who will be responsible for Tanki Online communication, public relations and client service in the European market. There are plans to enlarge the team in the future. […]
According to new data, more than 25,000 jobs are created each year by companies newly registered in Lithuania. The data, published by Creditreform Lietuva, also shows that after two years of operations this figure increases by another 60 percent, with some companies registering a tenfold growth in employee numbers, Invest Lithuania reports. […]
Milda Dargužaitė, former managing director of Invest Lithuania, the government’s foreign investment promotion agency, has been appointed to head Barclays Technology Centre Lithuania (BTCL). […]
Lithuania became a member of the European Union in 2004, and since that year almost 470,000 people have emigrated from the country. Now, many of the so-called “generation of independence” – the first generation of Lithuanians to be born after the collapse of the Soviet Union – are returning. And, with their degrees from prestigious universities and their experience working in international companies and organisations, they are having a big impact. […]
Neurotechnology, a provider of high-precision biometric, robotics and AI technologies, introduced the SentiGaze Software Development Kit (SDK). The SentiGaze algorithm enables designers and developers to create applications that use off-the-shelf webcams to track eye movements and generate heatmaps based on how a user gazes at a monitor. Heatmaps can be used for applications such as analysis of websites or determining the effectiveness of online advertising. The SDK can also be used to develop interfaces for a number of other gaze-aware applications, including games and software that provides disabled people with some assistance in controlling their computers. […]
Vilnius has been ranked 4th in Europe as a city for fast-growth businesses. The list, compiled by influential US business publication Inc., rated European cities on the number of companies that made it to Inc.’s 5000 Europe list of rapidly-expanding enterprises, Invest Lithuania reports. […]
Neurotechnology, a provider of high-precision biometric, robotics, AI and computer vision technologies, on Friday introduced the SentiSculpt Software Development Kit (SDK) for the creation of 3D object models. […]
A state of the art facility that will produce up to 4,000 lenses for eyewear every day was recently opened in Trakai, a resort town near Lithuania’s capital Vilnius. […]
Lithuania is not far behind Estonia in direct investments from Finland with low wage levels, small taxes and a hungry workforce, Invest Lithuania reports. […]
On 5 February, Enterprise Lithuania hosted its annual startup event Startup Lithuania Overview 2014. During the event, the highlights of Lithuania Startup Ecocystem of 2014 were announced and awards were given to the teams that achieved the most in 2014, Enterprise Lithuania reports. […]
Most of the winners in Lithuania’s first Top Employer awards, held in Vilnius this week, were foreign investors, Invest Lithuania reports. […]
Anva Polytech, a rubber component producer from Sweden, is setting up a production facility in Lithuania, with the aim of creating 50 new jobs in the next 5 years. The factory, which will produce a variety of rubber components, will be established in Biržai town, Panevėžys County, Invest Lithuania said. […]
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. […]
Nasdaq (Nasdaq: NDAQ) announces that the world leading operator of exchanges and provider of capital markets technology, will create a new technology and business support competence center in Vilnius. […]
Lithuania has this year joined the other Baltic countries in adopting the euro. Entering the common European currency can give the country’s economy an additional boost, with more foreign investment on the cards, especially from Sweden, Invest Lithuania said. […]
Danske Bank, the largest financial services group in Denmark and the second largest in terms of assets owned in Northern Europe, is establishing an IT service centre for its group of companies, Danske Group IT Lietuva (DGITL), in Vilnius. […]
Copyright © 2026 | MH Magazine WordPress Theme by MH Themes