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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 stra...
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 whi...
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 o...
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.
Competition. The small Eastern European country strongly believes that technology and science will attract foreign companies, rather than just low wages, according to the Danish daily Berlingske.
After the resignation of Arvydas Arnašius, the Ministry of Economy is looking for a new director to head the non-profit organisation Invest Lithuania.
Ahlstrom, a high performance fiber-based materials company, inaugurated its Service Centre in Vilnius, Lithuania.
The Independence, a floating liquefied natural gas (LNG) terminal, was docked in the Lithuanian port of Klaipėda on Monday. The terminal gives Lithuania the capability to import up to 4 billion cubic metres of gas a year after 2015, Invest Lithuania said.
Uber, a company that offers passenger transport services and is worth more than 18 billion US dollars (48.99 billion litas), has a team in Lithuania which is set to expand in the near future.
Lithuanian President Dalia Grybauskaitė met with the heads of 18 major Norwegian business companies and investment funds to discuss the investment climate and business opportunities in Lithuania, the presidential press service said.
Japanese games industry research and analysis agency Media Create has identified Lithuania as the hottest spot for game producers in Central and Eastern Europe in a new report.
Lithuania has continued its strong growth in attracting foreign direct investment projects over the first half of 2014 despite a fall in investments in the region as a whole, according fDi Markets, The Financial Times’ database of foreign direct investment (FDI).
Kaunas University of Technology (KTU) and Italian company Gruppo Fos signed a cooperation agreement on for the establishment of a biomedical engineering research centre in Santaka Valley, Kaunas, Invest Lithuania reports.
Lithuania has continued its climb up the Global Competitiveness Index, and is now ranked in the 41st spot. This year Lithuania is ahead of neighbouring Poland, and ranked better than Latvia, Italy, Turkey and Bulgaria, public enterprise Invest Lithuania informs.
