Economy
German companies top foreign investors in Lithuanian manufacturing
Newly released data shows that German firms are the largest foreign direct investors in Lithuania’s manufacturing industry. […]
Investment
Economy
EU Ambassador Ušackas: Lithuania should compete for capital leaving Russia
Lithuania should compete for the capital that is now leaving Russia, while special services should prevent possible attempts to influence the country’s internal policies, the European Union’s Ambassador to Russia Vygaudas Ušackas said in an interview published on Monday. […]
Economy
2014 record year for Lithuanian startups
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. […]
Economy
Economy
Swedish manufacturer opens new factory in northern Lithuania
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. […]
European Union
Lithuania mulls contributing to EFSI, finance minister says
Lithuania is considering to contribute to the European Fund for Strategic Investments (EFSI), or the so-called “Juncker-plan”, but it would like to see that money earmarked for projects of the Baltic region. […]
Economy
Nasdaq creates new technology and business support competence center in Vilnius
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. […]
Foreign affairs
Lithuania’s deputy foreign minister discussed cooperation opportunities with Brazil
On 19 January, Lithuania’s Deputy Minister of Foreign Affairs Mantvydas Bekešius met with Under Secretary General for Political Affairs of the Ministry of Foreign Affairs of Brazil, Carlos Antonio da Rocha Paranhos, Oswaldo Biato, Director of the Europe Department of the Ministry of Foreign Affairs and other officials. The officials discussed bilateral relations and opportunities for economic cooperation, the MFA said. […]
Economy
Lithuania hopes for foreign investment surge after euro adoption
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. […]
European Union
EU’s 315-billion-euro investment plan may benefit Lithuania, ambassador says
The European Commission’s 315-billion-euro investment plan may benefit Lithuania, but the scheme of its financing still involves many uncertainties, Lithuania’s permanent representative to the European Union (EU) has said. […]
Economy
Record number of foreign companies established in Lithuania in 2014
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. […]
Economy
Forum Business Magazine: Building a back office in the Baltics
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. […]
Economy
PM says he threatened to resign unless Lithuania embraced euro
Adopting the euro will benefit Lithuania’s domestic businesses and households and will also help lure more foreign investment to the country, Prime Minister Algirdas Butkevičius has said. He has recalled the initial difficulties of convincing other politicians to have the euro which almost cost him his post. […]
Economy
Investments in Lithuania’s industry down this year
A survey of industrial companies in Lithuania has showed that 42 percent of these companies in Lithuania received less investment than in the previous year. […]
Economy
Invest Lithuania awarded for professionalism and success
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. […]
Economy
Economy
US software company Exadel plans major expansion in Lithuania
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. […]
European Union
Juncker’s new investment plan may not be suitable for Lithuania, analyst says
New ambitious investment program, which has been worked out by the European Commission, may not be suitable for Lithuania, an analyst says. […]
Economy
World’s largest provider of airfare data expands operations in Lithuania
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. […]
Economy
American-Lithuanian Business Council president: Geopolitical tensions has made Lithuania more attractive to investors
The American-Lithuanian Business Council, which was set up last year, works to promote investment between the two countries – sometimes by pointing out investment opportunities in, say, Lithuania’s striving for energy independence and sometimes by playing up the Lithuanian ancestry of many a successful US entrepreneur. […]