According to the latest report by the International Telecommunications Union (ITU), Lithuania stands 40th in the world according to its development in information and communications technologies (ICT). Country’s best position (16th globally) is according to ICT skills; that measure the share of the population with higher education and the overall level of adult literacy, Invest Lithuania said. […]
2014 proved to be a record year for Invest Lithuania, the nation’s foreign investment development agency, with 29 foreign companies deciding to establish or develop their businesses in Lithuania. Altogether almost 2,000 new jobs are planned over the next three years. […]
Moving operations to low-salary Baltic countries became popular in the 1990s. Now, translocation has changed in nature: it focuses more on services than on production. The data here speaks for itself. […]
Lithuanian startup Toyze has signed a licensing agreement with global developer and publisher Game Insight for three of its mobile game properties, The Tribez, Dragon Eternity and Mirrors of Albion, Invest Lithuania reports. […]
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. […]
AB ITAB Novena, a Swedish producer of equipment for shops, will build a new 10,000-square-metre factory close to its current plant in Kaunas. Construction of the new facility, which will receive LTL 10 million (EUR 2.9 million) of investment, will begin next summer, Invest Lithuania said. […]
Vilnius University and CSC Baltic signed a partnership agreement that will ensure partnership with individual faculties and the university as a whole. The agreement was signed by the interim rector of Vilnius University Professor Juras Banys and the CEO of CSC Baltic Antanas Ursulis, Invest Lithuania said. […]
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. […]
On Monday, 22 December, Prime Minister Algirdas Butkevičius received representatives of the World Lithuanian Youth Association (PLJS). The prime minister together with Minister of National Defence Juozas Olekas answered questions of the participants of the meeting and discussed issues like defence funding, the search for new markets and the Lithuanian Innovation Development Programme for 2014-2020. […]
The 16th annual awarding of St. Christopher’s statues took place at Vilnius Town Hall on 18 December. The statutes, which are the highest honour awarded by Vilnius Municipality, were presented to the city’s most deserving people and businesses. At the ceremony, the foreign investment development agency Invest Lithuania was awarded for its professionalism and for attracting foreign investment to Vilnius, the agency said. […]
Having opened an office in Vilnius this summer, American software engineering company Exadel has announced further plans for expansion, including the opening of new offices in Kaunas and Klaipėda. Exadel intends to create 35 new jobs for IT specialists and programmers in the two new offices. […]
Infare, the flight data collection, delivery and analysis company, is expanding its operations in Lithuania. The Danish company, which opened offices in Vilnius in 2011, already has half of its total workforce based there and plans to increase this number to 30. […]
Over the past few months the Baltic states have witnessed an influx of residence permit applications from Russian, Belarusian and Ukrainian citizens. The reason behind this is clear: the deteriorating political and economic conditions in these countries. […]
In November, plans of the US company Revel Systems to establish its IT office in Lithuania were announced. The company was established four years ago. The company provides point of sale payment platforms for retailers using an iPad. […]
“Internet speeds in London are some of the lowest in Europe, new data reveals, with the capital cities of Romania, Lithuania, Latvia and Slovakia all outpacing us,” reports London’s Evening Standard. […]
A sponsorship agreement worth more than 100,000 euros has been signed by Kaunas University of Technology (KTU) and UAB Intermedix Lietuva, the Lithuanian branch of Intermedix, a US company that provides IT solutions for the US healthcare market. […]
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 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. […]
The Ukrainian game development studio Melior Games is opening an office in Vilnius. Half of the Melior Games team will shortly be transferred from Kiev to the company’s new office in Lithuania. The studio is also looking for local Unity3D programmers and 2D artists, and plans to build a team of 15 or more developers in Vilnius within a few years. […]
The first decade in the European Union has been good for Lithuania. There is still much to be done, however, if Lithuanians want make full use of their EU membership in the years to come. […]
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