Economists at the Bank of Lithuania, have revised down the country’s 2015 economic growth forecasts in view of latest trends in the domestic and foreign markets. However, employment and average wages will continue to grow, while decreasing general price level will increase the purchasing power of the population. […]
After talks emerged about the Russian chemical company EuroChem Group entertaining plans to invest in Lithuania’s Achema Group, Lithuanian President Dalia Grybauskaitė said that any investor would have to go through scrutiny and meet strict national security criteria. Achema Group is the owner of fertilizer manufacturer Achema, one of the biggest companies in the country which is included in the list of enterprises with relevance to Lithuania’s national security. […]
The innovative fund-of-funds investment initiative – the Baltic Innovation Fund (BIF), dedicated to boosting equity investments made into Baltic enterprises, launched by Lithuania, Latvia and Estonia and the European Investment Fund (EIF), has been increased. The EUR 30 million increase of BIF is expected to translate into an additional EUR 100 million of private equity and venture capital funding available in the Baltic States over the next 5-7 years, Startup Lithuania reports. […]
On 15 July, John Erland Østergaard, the founder and director of the Danish company Blue Ocean Robotics, and Thomas Solupajev-Ronlev, partner in the company’s Lithuanian subsidiary, paid their third visit to Panevėžys. During their previous visits the businessmen visited the robotics laboratory of the Panevėžys Faculty of Kaunas University of Technology, Panevėžys Mechatronics Centre, and introduced their company to the city’s mayor and other politicians. […]
Flanders Investment & Trade (FIT) will open its representative office for the Baltic States in Vilnius in 2016. The government of Flanders has adopted the decision with an aim to engage with a dynamic Baltic region more actively, Lithuania’s Ministry of Foreign Affairs reports. […]
The Baltics attracted a total of 101 new investment projects in 2014, which was nine percent more than the previous year, according to Ernst&Young’s annual European Attractiveness Survey 2015. […]
Recently we have seen reports of B2B companies moving into Lithuania’s borders and setting up shop. Google is also establishing a presence in the small Baltic state. […]
Lithuania’s Prime Minister has met with the European Commission’s (EC) officials to discuss financing for projects, implemented by Lithuania, from the European Investment Fund. […]
The Lithuanian government on Monday agreed in principle to grant the status of an economic project of national importance to the planned conversion of the Vilnius Palace of Concerts and Sports, a now derelict building that was built more than 40 years ago on the site of a former Jewish cemetery, to a centre for conventions and cultural events. […]
According the European Commission, long-term investments clearly represent the important instrument while seeking the sustainable, advanced and integrated ensurance of European Union economic growth as well as the development of risk-resistant tomorrow’s economy. […]
The tech sector thrives in this Baltic state, and education in the STEM field is at the core of its growth. […]
On 28 May, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Lithuania. It considered and endorsed the staff appraisal without a meeting, the organisation reports. […]
A joint meeting entitled Building a Baltic Tourism Region – Investment for Tomorrow was held by the Economics, Energy and Innovation Committee, the Education, Science and Culture Committee, and the Welfare Committee of the Baltic Assembly in Jurbarkas, Lithuania. Keynote speakers of the meeting focused on the long-term Baltic tourism strategy, the press service of the Lithuanian parliament said. […]
Finnish investments generated more jobs in Lithuania than any other foreign investment in 2014. Finland made nearly 30 million euros worth of new direct investments last year, retaining its position from 2013 as the country’s eighth largest foreign investor. The most significant foreign investors in Lithuania were Cyprus, Latvia and Sweden. […]
In the second quarter of 2015 Investors’ Confidence in Lithuania’s economic prospects grew significantly – CEOs of companies investing in Lithuania expect further positive changes in business environment. […]
Lithuanian startup arena has been heating up in recent years. Friendly business environment, relatively low taxes, advanced IT infrastructure, favourable relocation conditions have mightily influenced the increasing number of startups, foreign investment and community events. […]
Tense geopolitical situation in Eastern Europe has had almost no impact on the plans of Swedish companies to invest in the Baltics. In fact, Swedish entrepreneurs are looking to step up investment in Lithuania, Latvia and Estonia over the coming three years, shows a survey the Swedish Trade and Invest Council, Business Sweden. […]
The Germany-based Klasmann-Deilmann Group has announced EUR 11 million worth of investments in Klaipėda County, Lithuania. The company is to build a further state-of-the-art production line for manufacturing peat products and growing media for the worldwide commercial-horticulture sector. Its intended expansion of an existing factory at the Šilutė site includes plans for high-performance mixing, screening and packing facilities, a research laboratory and an experimental greenhouse for product development. This will involve the creation of at least 20 new jobs over the next three years. […]
Despite the Ukraine conflict, German companies continue to believe in the good prospects of the three Baltic markets. Nine out of ten German investors participating in the recent survey of the AHK Baltic States would re-invest in the region. […]
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