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News 

May 27, 2011

Ernst & Young: Lithuania is Baltic top for investors

Lithuania is the most attractive country for international companies looking to invest in the region of the Baltic States, the latest 2011 European Attractiveness survey from Ernst & Young shows.
May 24, 2011

Danes to invest over EUR 11 M into R&D centre

The Danish company Danspin is investing more than EUR 11 million in a spinning factory for carpet yarn in the Lithuanian town of Raseiniai. In addition to creating 200 new jobs at the factory, a centre for research and experimental development will be established. In its turn, the Lithuanian Ministry of Economy has granted almost 1.5 million to this project.
May 19, 2011

China's Huawei to set up research laboratory in Vilnius

Lithuania 's mobile operator Omnitel will team up with China's telecommunications giant Huawei Technologies and the University of Vilnius for setting up a joint research laboratory next autumn. The Rector of Vilnius University, Mr. Benediktas Juodka, Omnitel‘s President, Mr. Antanas Zabulis, and the Head of Huawei Technologies in the Baltic countries, Mr. Ye Yong, have signed a cooperation agreement this week in Vilnius.
May 18, 2011

IBM’s new nanotechnology centre will collaborate with Lithuanian scientists

This week IBM and Swiss Federal Institute of Technology of Zurich (ETH Zurich), a premiere European science and engineering university, hosted more than 600 guests from industry, academia and government, to open the Binnig and Rohrer Nanotechnology Center, located on the campus of IBM Research – Zurich (Switzerland). The facility is the centerpiece of a 10-year strategic partnership in nanoscience between IBM and ETH Zurich where scientists will research novel nanoscale structures and devices to advance energy and information technologies.
May 17, 2011

Online banking used by half of Lithuanians

Survey of public opinion and market research company "Baltijos tyrimai" revealed that around 50 % of adults in Lithuania are using online banking services.
May 13, 2011

"fDi Intelligence“: Lithuania – example of FDI attraction

Lithuania is a country that is an example of the successful foreign direct investment (FDI) atrraction. This has been announced in the annual review "Global FDI Outlook Report 2011” by the European Bank for Reconstruction and Development prepared in cooperation with the fDi Intelligence of The Financial Times.
May 06, 2011

Western Union opens Regional Centre in Vilnius

On 5 May the global money transfer giant Western Union opened its European Regional Operating Centre in Vilnius.
May 05, 2011

Fitch upgrades Lithuania’s outlook

Fitch Ratings agency increased Lithuania’s outlook from stable to positive and affirmed its long-term foreign currency rating at BBB and its long-term local currency rating at BBB+.
May 03, 2011

Ryanair launches routes from Vilnius Airport

On 2 May, Ireland’s Ambassador in Lithuania Philomena Murnaghan and Lithuania’s Vice Minister for Transport and Communications Mr. Rimvydas Vastakas attended the launch of Ryanair's six new routes from Vilnius International Airport.