Invest Lithuania

Swedbank is setting up a services centre in Lithuania which will create 400 new jobs, lrytas.lt reports.

The total amount of Russian investment in Lithuania is now four times below the level it was a decade ago, dropping to €500 million last year, reports business daily Verslo Žinios.

Lithuania picked up five major awards at this year’s Central and Eastern Europe Shared Services and Outsourcing Awards in Warsaw and came out on top overall for the second year running.

The government should decentralise state-controlled enterprises, public institutions and government organisations to the regions to move more jobs out of the capital to the regions, especially to the underdeveloped municipalities, said parliamentarian Kęstutis Masiulis.

The latest figures show that last year was a record year for Lithuania and Invest Lithuania with 50% more jobs created from foreign investment than last year, according to the agency.

Lithuania's second-largest city Kaunas has become the first Central and Eastern European city granted the status of a UNESCO design city in the UNESCO Creative Cities Network, reports Invest Lithuania, the state investment promotion agency.

A new information portal designed to ease immigration to Lithuania for highly-skilled specialists and investors from outside the EU is launching this week. The project, entitled Internet Gates, is managed by Invest Lithuania, the foreign direct investment development agency.

With FDI project numbers falling in both CEE and Europe as a whole, the number of projects brought to Lithuania increased compared to the 1st half of 2014. Lithuania now leads CEE in terms of the number of FDI projects per 1 million inhabitants.

Fun Guide, China’s leading mobile e-commerce and integrated mobile solutions company, has chosen Lithuania as the location for its first office in Europe. The company, which counts among its customers a number of big Chinese players including major banks, will open Fun Guide Europe, a Vilnius-based ...

Kaunas Airport is changing rapidly, with a progressive future vision. The creation of Lithuanian Airports last year, following the merger into one entity of Vilnius, Palanga, and Kaunas airports, has established a clear strategic direction. This sees Kaunas Airport become the base for aviation-relat...

The current unpredictable economic situation in Belarus, Russia and Ukraine forces businesses to seek a safe haven for their money and ideas in the West. From year to year, the number of companies that have moved from the CIS countries to Lithuania is increasing, Invest Lithuania, the country's inve...

JetCat Games, founded by three game developers from Belarus, Ukraine, and Russia, has just marked a new milestone in the Lithuanian gamedev industry by becoming the first game developer to receive venture capital from a Lithuanian risk capital fund. The indie game development company, which moved to...

Ukraine’s Economy Minister Aivaras Abromavičius, who is Lithuanian, is visiting Vilnius on Friday.

Saulius Skvernelis, Minister of Interior of Lithuania, instructed his staff to draft a new procedure which will significantly ease and speed up the process for non-EU companies planning to invest in Lithuania.

It has been a good year so for Lithuania’s airports with traffic across its three biggest gateways up by 11% in the first five months of 2015.

Asked to share his impression of the 2015 LOGIN, one of the biggest tech events in the Baltics held between 7–8 May in Vilnius, Marcin Hejka, Vice President and Managing Director of Intel Capital, Poland, revealed that he had observed “tremendous progress” in the Lithuanian market during the past 2 ...

In recent years, Italian investors have shown increased interest in investment opportunities in Lithuania.

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.

The tech sector thrives in this Baltic state, and education in the STEM field is at the core of its growth.

The Norwegian company Devold, which is engaged in making knitwear, is building a new plant in Panevėžys Free Economic Zone, Lithuania.