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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.
April 09, 2014

Baltic States Competing to Attract Same Foreign Investments

Latvia, Lithuania, and Estonia are all looking for investors who will create jobs with greater added value.
April 03, 2014

Lithuania is clearly the most active in attracting investors

According to Kitty Kubo, the former monitoring manager of Enterprise Estonia, Lithuania is pursuing active policies to attract foreign investments.