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April 22, 2014

Top location Lithuania

German investors valuate the interface between East and West.
April 18, 2014

Russian game developers plan to relocate their businesses to Lithuania

Lithuanian ICT infrastructure is well known for its quality and high level of development. Lithuania has the most extensive fiber network in the EU, and is 1st in the European Union for the state‘s use of e-services. Furthermore, the ability to start a business in just two days indicates that it has created a business-friendly environment. ICT sector – is a priority sector in Lithuania. In 2013 Invest Lithuania attracted 22 new foreign investment projects, 9 of which were in the ICT sector. There are three areas where the Lithuanian ICT sector demonstrates the greatest potential for investment, namely software development, online data storage and processing, and ICT service centers.
April 17, 2014

Director of Paroc Financial Services Centre appointed Chairman of the Board of Invest Lithuania

Mikael Ljungberg, director of Paroc Financial Services Centre, has been appointed the new Chairman of the Board of Invest Lithuania.
April 16, 2014

UAB KB Components, a manufacturer of plastic technical components, is forecasting a 25% growth in revenue this year due to growing export market orders

KB Components, with its operations in Kaunas is part of a Swedish group of companies and manufactures plastic engine components for Volvo trucks, protective casing and engine parts for the gardening equipment giant Husqvarna, and radiator components for the supplier of truck parts TitanX.
April 15, 2014

Lithuania tops KPMG‘s Change Readiness Index in Eastern Europe and Central Asia Region

The international consulting enterprise KPMG has published its annual Change Readiness Index 2013 where Lithuania took 1st place in Eastern Europe and Central Asia Region and 17th place in the world.
April 11, 2014

Sweden is a reliable and honest business partner of Lithuania

President Dalia Grybauskaitė, currently on an official visit to Sweden, opened a Lithuanian-Swedish business forum where nearly 50 Lithuanian and Swedish businesses, as well as representatives from Lithuanian investment promotion agency Invest Lithuania, had an opportunity to meet and discuss partnership possibilities.
April 11, 2014

New ANI-Plast factory in Klaipėda to Employ People with Hearing Disabilities

The Russian company ANI-Plast is set to build a plumbing factory in the Klaipėda Free Economic Zone (FEZ), which is expected to begin its operation in January of the coming year. The new ANI-Plast factory will also employ people with hearing disabilities.
April 11, 2014

S&P Raises Lithuania's Debt Rating Two Notches on Euro

Lithuania’s credit rating was raised two notches by Standard & Poor’s on a stronger-than-expected fiscal performance and higher prospects the Baltic nation will qualify for euro adoption next year.
April 10, 2014

Chinese Company Featherland to Produce Home Textiles in Alytus for Scandinavian and Baltic Markets

Featherland, a Chinese manufacturer of home textiles, has announced that it is setting up operations in Lithuania. The company is registered in Lithuania as Scandun. It will be operating in the factory of UAB Alytaus Dainava. The company will produce duvets, pillows, and other high quality home textiles. These items will be sold in Scandinavian markets. Products that become popular in Scandinavia will also be offered to Lithuanian customers.
April 09, 2014

Air Lituanica to launch flights to two cities of Sweden this summer

The connections between Lithuania and Sweden will be especially convenient this summer: the airline Air Lituanica will offer seasonal flights to two Swedish cities – Gothenburg and Malmö. Flights will be operated from the middle of June until the end of August twice a week on both routes at evening time.
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