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May 31, 2012

Lithuania Shows Significant Progress on ICT

The World Economic Forum has published the Global Information Technology Report 2012, which measures the extent to which 142 economies take advantage of ICT and other new technologies to increase their growth and well-being.
May 17, 2012

New Paroc financial service centre to get EUR 4.8 million investment

Lithuania is one step closer to its goal of becoming the key hub for business service centres in North-Eastern Europe. The Paroc Group, a leading European manufacturer of stone wool insulation materials, has opened a financial services centre in Vilnius.
May 16, 2012

Bank of Lithuania forecasts rapid economic growth

Following faster than expected growth over the first quarter of this year, the Bank of Lithuania lifted its growth forecasts for this and next year. The country‘s GDP is now expected to rise by 3.0% in 2012 and 3.5% in 2013 -- 0.8% and 0.2% higher than the initial forecast.
May 15, 2012

Bloomberg: Nordic Cost Cuts Create Baltic Jobs

Mattias Loov sought to cut costs for his clients at Stockholm-based H1 Communication AB after the global economic crisis hit the Nordic region. He found a solution 760 kilometers (475 miles) across the Baltic Sea. “Everyone’s looking after their overheads and trying to provide good services in a cost-effective way,” Loov, H1’s chief executive, said in a phone interview. He sees outsourcing to Baltic region, which also includes Latvia and Lithuania, as an emerging trend.
May 04, 2012

EUR 5.9 Million Investment in New Factory at Šiauliai Industrial Park

ROL Production International, a store fixture supplier for H&M, Marks&Spencer, ICA and other international brands will build a factory for metal furniture parts and retail equipment items at Šiauliai Industrial Park.