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September 18, 2014

Lithuania the regional leader for attracting foreign investment projects

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).
September 15, 2014

Italian high-tech company Valuetech to start operations in Lithuania

Italian information technology consultancy and systems integration company Valuetech is to establish a subsidiary in Lithuania. The company initially plans to recruit 10 highly skilled IT professionals, who will work on further developing products created in Italy for the company’s largest customers. Further down the line, Valuetech expect to expand both the number of employees they have in Lithuania, and the functions they will perform.
September 11, 2014

High-tech Italian Company Gruppo Fos to Establish Biomedical Engineering Research Centre in Santaka Valley, Kaunas

Kaunas University of Technology and Italian company Gruppo Fos signed a cooperation agreement on 11 September for the establishment of a biomedical engineering research centre in Santaka Valley, Kaunas.
September 10, 2014

Attracting business with low wages and zero tax

Dagens Næringsliv, Norway. Lithuanian ambition: Lithuania wants to create jobs through Norwegian businesses, offering financial zones with zero tax, and highly-educated, hardworking employees. In the last five years, Norwegian investment in the country has doubled.
September 09, 2014

Invest Lithuania: Reasons Lithuania is so attractive for Russian start-ups

Siliconrus.com, Russian Federation. Arvydas Arnašius, Director-General of the public institution Invest Lithuania - established by the Ministry of Economy of the Republic of Lithuania – has been telling us why Lithuania is an attractive location for Russian IT start-ups, what funds and accelerators are operating in the country, and which success stories have already come out of Lithuania’s start-up scene.
September 04, 2014

Lithuania ranked in 41st place, ahead of Poland, in Global Competitiveness Index

Lithuania has continued its’ climb up the Global Competitiveness Index, and is now ranked in 41st place. This year Lithuania is ahead of neighbouring Poland, and ranked better than Latvia, Italy, Turkey and Bulgaria.
September 02, 2014

Top Russian game developer enchanted with Vilnius promises: I will lure “the best of the best”

One of the best known Russian game developers, Sergei Klimov, roamed half the world and visited several different cities before deciding to relocate his company, Charlie Oscar Lima Tango, to Vilnius together with its three other employees in Kiev and Sevastopol. According to Klimov, Vilnius is the ideal place for creative people whose aim is to spend their time creating rather than in queues and traffic jams.