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News 

July 21, 2014

Few Lithuanians can overcome Israeli IT companies employee selection criteries

The Israeli web development platform Wix is gaining a strong foothold in the Lithuanian market and increasing its personnel. Monika Laukaitė, the director of the company, emphasises that the company only recruits experienced employees, so they have had no choice but to headhunt people from other IT companies. However, the biggest obstacle for Lithuanians is the multi-stage selection process used by the company.
July 16, 2014

Turning to university graduates

Lithuania’s attractive competitive environment and, in particular, its young highly qualified workforce are increasingly drawing the attention of foreign companies looking to develop their businesses. The US giant in health care technologies and services Intermedix Corporation opened its first international services centre in Lithuania and invested LTL 17.5 million in its centre in Kaunas. Intermedix provides database services for the health care system and technological solutions for natural disaster rescue operations all over the world. This is the company’s first international services centre in Europe and is aimed at responding more effectively to customer needs.
July 10, 2014

United Nations Office: investment promotion agencies should learn from Invest Lithuania

The recent United Nations report on the Conference on Trade and Development ‘Skills and foreign direct investment promotion: what can an investment promotion agency do?’ presents the activities of Invest Lithuania in ensuring the supply of skilled professionals as a success story from which investment promotion agencies around the world should learn.
July 08, 2014

Half-year Results of Public Enterprise Invest Lithuania – twice as good as 2013

In the first half of 2014 Invest Lithuania attracted 13 new investment projects to Lithuania. These new investors have already committed themselves to creating 1,423 new jobs, double the figure for the same period in 2013.
July 04, 2014

Thermo Fisher Scientific to invest in developing its production in Lithuania

Thermo Fisher Scientific, the largest company in the world offering products and services to science, is to invest 33 million LTL (9.7 million EUR) in the development of its production for life sciences research and diagnostics in its subsidiary in Lithuania. The increase in the company’s production will lead to the creation of 110 new jobs in Vilnius by the end of 2016.
July 03, 2014

Engineering Services Centre Being Built in Kaunas by Kitron

Seeking to become more competitive in the global market, Kitron UAB, which manages an electronic equipment plant in Kaunas, is building a LTL 25 million engineering services centre, where it is planned to design new products.
July 01, 2014

From Copenhagen, the advantages Lithuanians have are even more obvious

Danske Bank has ambitious expansion plans for its operations in Lithuania. The Danish banking group, which has the largest service centre of any of the banks which provide services in Lithuania itself, intends to pool all competences that do not require direct interaction with customers in Lithuania. Verslo Žinios met up in Copenhagen with the Head of Danske Bank Group Services, Peter Wonder, to discuss these plans.