The Bank of Tokyo-Mitsubishi UFJ, Ltd. (“BTMU”) (President: Nobuyuki Hirano) is pleased to announce that BTMU together with its subsidiary, the Bank of Tokyo-Mitsubishi UFJ (Poland) S.A. (“BTMUP”) signed an Agreement On Cooperation with Invest Lithuania on May 8, 2013.

Kinze Manufacturing Inc., the second largest planting and seeding equipment manufacturer in the United States, will open a production facility in Vilnius District along the highway to Druskininkai.

The initial rather quiet period is over at Norwegian business software and services provider Visma's Vilnius software development unit Visma Lietuva. The plan now is to grow to up to 500 staff in the coming years.

The Palanga bypass public-private partnership (PPP) project reached financial close. The project was among six PPP pilot projects approved by the Lithuanian government in 2009. The Lithuanian Road Administration selected Kauno tiltai and Siauliu plentas to design, build, operate, and finance the Palanga bypass contract, worth €36 million over 25 years. The contract was awarded following a selection process that began in May 2011. Construction will begin later this year with completion scheduled for IIQ 2015.

On 2-3 May 2013, the Managing Director of Invest Lithuania Milda Darguzaite presented on strategies to raise national competitiveness at the Global Investment Promotion Best Practices conference co-hosted by the Investment Climate Department of the World Bank Group and the Investment Support and Promotion Agency of Turkey (ISPAT), in Istambul, Turkey.

On 9 May Lithuanian President Dalia Grybauskaitė was awarded the prestigious Charlemagne Prize. She was praised for her efforts to integrate Lithuania into the EU at a ceremony which highlighted Lithuania’s preparations to assume the rotating EU presidency on 1 July.