http://www.investlithuania.com/enhttp://www.investlithuania.com/en/services/press/news/categoryView/news/eurostat-some-of-eu-s-lowest-minimum-wages-are-in-lithuaniahttp://www.investlithuania.com/en/services/press/news/categoryView/news/eurostat-some-of-eu-s-lowest-minimum-wages-are-in-lithuaniaBased on January 2012 data released by the EU statistics agency Eurostat, statutory minimum wages in Lithuania as well as two other Baltic countries, Latvia and Estonia, were among the lowest in the whole EU. Wed, 22 Feb 2012 00:00:00 +0200http://www.investlithuania.com/en/services/press/news/categoryView/news/lithuania-again-leads-fiber-penetration-in-europehttp://www.investlithuania.com/en/services/press/news/categoryView/news/lithuania-again-leads-fiber-penetration-in-europeLithuania continues leading in deploying next-generation fiber-optic Internet access (FTTH) technologies at the fastest rate in Europe. With 28% market penetration recorded in 2011, Lithuania is ahead of other European countries for the third year in a row and is also sixth on the global ranking list for the second time running, according to the recently released FTTH Council's "FTTH Ranking". Fri, 17 Feb 2012 00:00:00 +0200http://www.investlithuania.com/en/services/press/news/categoryView/news/invest-lithuania-opens-office-in-silicon-valleyhttp://www.investlithuania.com/en/services/press/news/categoryView/news/invest-lithuania-opens-office-in-silicon-valleyThe new office will seek to open new markets for American enterprises in the region, and establish Lithuania as a hub for US-based business on the European continent.Wed, 08 Feb 2012 00:00:00 +0200http://www.investlithuania.com/en/services/press/news/categoryView/news/lithuanian-economy-grew-by-5-8-percent-in-2011http://www.investlithuania.com/en/services/press/news/categoryView/news/lithuanian-economy-grew-by-5-8-percent-in-2011The national economy expanded by 5.8 percent last year, the highest growth rate in three years, driven by construction, industry, and financial services, the Statistics Lithuania said in its preliminary annual overview.Mon, 30 Jan 2012 00:00:00 +0200http://www.investlithuania.com/en/services/press/news/categoryView/news/lithuanian-pm-receives-world-leader-cycle-award-2012http://www.investlithuania.com/en/services/press/news/categoryView/news/lithuanian-pm-receives-world-leader-cycle-award-2012The Economic Faculty Association of the Erasmus University Rotterdam (EFR) presented Lithuania’s Prime Minister (PM) Andrius Kubilius with a World Leader Cycle Award 2012 for merits in the economy sector. This annual award is given for special merits in the areas of politics, economy and social welfare. Thu, 26 Jan 2012 00:00:00 +0200http://www.investlithuania.com/en/services/press/news/categoryView/news/world-bank-sees-no-recession-in-lithuaniahttp://www.investlithuania.com/en/services/press/news/categoryView/news/world-bank-sees-no-recession-in-lithuaniaLithuanian economy, which expanded by an impressive 5.8 percent last year, will slow down somewhat in 2012, to 3.2 percent, which means that the country is not likely to slide into the second phase of recession, the World Bank said.Thu, 19 Jan 2012 00:00:00 +0200http://www.investlithuania.com/en/services/press/news/categoryView/news/lithuania-s-economy-23rd-freest-in-2012-index-of-economic-freedomhttp://www.investlithuania.com/en/services/press/news/categoryView/news/lithuania-s-economy-23rd-freest-in-2012-index-of-economic-freedomLithuania moved up by one position, to rank 23rd, in the economic freedom index for 2012 released by the Heritage Foundation, the US think tank, and The Wall Street Journal.Mon, 16 Jan 2012 00:00:00 +0200http://www.investlithuania.com/en/services/press/news/categoryView/news/bright-purple-opens-office-in-lithuaniahttp://www.investlithuania.com/en/services/press/news/categoryView/news/bright-purple-opens-office-in-lithuaniaBright Purple, the Scottish recruitment specialist for IT and financial service organisations, opened its second international office in Vilnius aimed at a greater presence in eastern and northern European markets.Mon, 09 Jan 2012 00:00:00 +0200http://www.investlithuania.com/en/services/press/news/categoryView/news/additional-ltl16m-to-support-direct-investmenthttp://www.investlithuania.com/en/services/press/news/categoryView/news/additional-ltl16m-to-support-direct-investmentLithuanian and foreign businesses will be able to apply for financial support from the European Union for investment projects aimed at building or reconstruction of industrial sites and introduction of new production facilities, the Ministry of Economy said. Initially, the Invest LT-2 programme is expected to distribute LTL16.2m in financial support but the amount might be increased in line with the demand for funding.Tue, 03 Jan 2012 00:00:00 +0200http://www.investlithuania.com/en/services/press/news/categoryView/news/one-stop-consulting-for-foreign-investorshttp://www.investlithuania.com/en/services/press/news/categoryView/news/one-stop-consulting-for-foreign-investorsInvest Lithuania, a public agency which provides assistance to foreign investors, has launched a one-stop consulting service to large and medium-size foreign capital companies already operating in Lithuania.Wed, 21 Dec 2011 00:00:00 +0200http://www.investlithuania.com/en/services/press/news/categoryView/news/lithuanian-pixelmator-named-mac-app-of-the-yearhttp://www.investlithuania.com/en/services/press/news/categoryView/news/lithuanian-pixelmator-named-mac-app-of-the-yearThe image editing app released by the Lithuanian software developer Pixelmator was named the App Of The Year by Apple last week.Mon, 19 Dec 2011 00:00:00 +0200http://www.investlithuania.com/en/services/press/news/categoryView/news/ikea-to-open-first-store-in-lithuaniahttp://www.investlithuania.com/en/services/press/news/categoryView/news/ikea-to-open-first-store-in-lithuaniaIKEA, which runs an international network of furniture and household stores, announced today its plans to open a store in Vilnius which will be the first IKEA outlet in the Baltic States. The store, to be built in the vicinity of the Vilnius International Airport, is to be erected by Felit, an Icelandic company operating through a franchise agreement with IKEA.Thu, 15 Dec 2011 00:00:00 +0200http://www.investlithuania.com/en/services/press/news/categoryView/news/lithuania-up-three-positions-in-global-competitiveness-rankinghttp://www.investlithuania.com/en/services/press/news/categoryView/news/lithuania-up-three-positions-in-global-competitiveness-rankingHaving moved up three positions from last year, Lithuania stands 44th in the newest global competitiveness list which is compiled annually by the World Economic Forum and includes 142 countries.Wed, 14 Dec 2011 00:00:00 +0200http://www.investlithuania.com/en/services/press/news/categoryView/news/financial-stability-ensured-quick-rebound-of-the-economy-lithuanian-pm-advisorhttp://www.investlithuania.com/en/services/press/news/categoryView/news/financial-stability-ensured-quick-rebound-of-the-economy-lithuanian-pm-advisorThe government in Lithuania has managed to prove the political will and to implement severe fiscal consolidation over the last three years. This has been hard on people but helped to maintain financial stability and integrity of the country and ensured quick rebound of the economy after the crisis, said Mykolas Majauskas, chief economic advisor to the Prime Minister of the Republic of Lithuania in the interview broadcasted on Bloomberg Television.Tue, 06 Dec 2011 00:00:00 +0200http://www.investlithuania.com/en/services/press/news/categoryView/press-releases/lithuania-sets-up-a-representation-in-the-silicon-valleyhttp://www.investlithuania.com/en/services/press/news/categoryView/press-releases/lithuania-sets-up-a-representation-in-the-silicon-valleyLithuania has set up a representation in the Silicon Valley, located in Northern California, in the United States, to raise the country’s awareness among the companies operating in the world’s best known agglomeration of technology businesses and to encourage their investment in Lithuania.Mon, 28 Nov 2011 00:00:00 +0200http://www.investlithuania.com/en/services/press/news/categoryView/press-releases/lithuania-reports-16-fdi-projects-of-eur-87-m-and-2-200-new-jobshttp://www.investlithuania.com/en/services/press/news/categoryView/press-releases/lithuania-reports-16-fdi-projects-of-eur-87-m-and-2-200-new-jobsA total of 16 investment projects during the first nine months of 2011 with the overall project value at LTL 301 million (EUR 87.2 million) and more than 2,200 new jobs due to be offered have been confirmed, by signing letters of intent, by Invest Lithuania and the Ministry of Economy. Mon, 28 Nov 2011 00:00:00 +0200http://www.investlithuania.com/en/services/press/news/categoryView/news/vilnius-among-world-s-ten-hip-citieshttp://www.investlithuania.com/en/services/press/news/categoryView/news/vilnius-among-world-s-ten-hip-citiesVilnius, together with other nine cities from different parts of the world, was selected by The New York Times one of the world’s cities that are “both great and good”. Tue, 22 Nov 2011 00:00:00 +0200http://www.investlithuania.com/en/services/press/news/categoryView/news/nasa-would-like-to-cooperate-with-lithuanian-scientists-and-businesseshttp://www.investlithuania.com/en/services/press/news/categoryView/news/nasa-would-like-to-cooperate-with-lithuanian-scientists-and-businessesNASA and Lithuania could cooperate, said Simon P. Worden, Director of the NASA Ames Research Center, paying a visit in the Government of Lithuania last week. Mon, 21 Nov 2011 00:00:00 +0200http://www.investlithuania.com/en/services/press/news/categoryView/news/lithuania-second-in-eu-by-economic-growthhttp://www.investlithuania.com/en/services/press/news/categoryView/news/lithuania-second-in-eu-by-economic-growthThe Lithuanian economy expanded by 7.2 percent in the third quarter of the year compared to the respective period in 2010, the European Union’s statistics office Eurostat said. Among the 27 member of the EU, Lithuania is second only to Estonia which posted a 7.9 percent increase in its gross domestic product over the period. Wed, 16 Nov 2011 00:00:00 +0200http://www.investlithuania.com/en/services/press/news/categoryView/press-releases/ryanair-to-set-up-boeing-maintenance-unit-in-kaunas-airporthttp://www.investlithuania.com/en/services/press/news/categoryView/press-releases/ryanair-to-set-up-boeing-maintenance-unit-in-kaunas-airportIreland budget carrier Ryanair plans to set up an aircraft maintenance, repair and overhaul (MRO) unit in Kaunas Airport to support its Boeing 737-800 fleet maintenance requirements.Fri, 11 Nov 2011 00:00:00 +0200