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News 

August 27, 2009

Klaipėda Seaport to Connect Asia and Scandinavia

The international transportation company YASHEYA has chosen Klaipėda State Seaport to transport containerised bulk cargo from India to Scandinavia. Soon the first test cargo will come to the major Lithuanian transport hub by the shuttle train Viking. The company YASHEYA, headquarted in Hong Kong, is looking for optimal containerised bulk cargo transportation to Europe.
August 25, 2009

New Shopping and Entertainment Centre Opened in the Capital City

The German developer “ECE” together with Lithuanian partners opened a new shopping and entertainment centre Ozas Gallery last Thursday in Vilnius. Ozas Gallery was built in less than two years by Kayi Construction, and the investment volume came to EUR 170M.
August 21, 2009

Swedish Press: Worst Times Has Already Passed for Lithuania

Yesterday the Swedish business daily Dagens Industry published an interview with Andrius Kubilius, the Prime Minister of Lithuania, to Bloomberg News. In the interview Mr Kubilius states that Lithuanian export and industry indexes are showing improvements and the recovering German and French economies stimulate the Lithuanian economy as well.
August 19, 2009

Standard & Poor's: Lithuanian Government Is Taking Sufficient Measures

On Monday Standard & Poor's (S&P) affirmed Lithuania's long-term investment grade sovereign foreign currency BBB credit rating and removed it from a CreditWatch negative position, citing government commitments to address deteriorating public finances.
August 13, 2009

Quality of Living in Vilnius Higher Than in Neighbouring Capitals

Vilnius is the highest-ranking capital (79) among neighbouring countries according to the annual worldwide Mercer's 2009 Quality of Living Survey. The results of the survey show that the quality of life in Lithuania’s capital is better than that in Riga (Latvia), Tallinn (Estonia), Warsaw (Poland), and Minsk (Belarus) as well as some other European cities. Vilnius is also ranked higher than Lisbon (Portugal), Athens (Greece) and Prague (the Czech Republic) in terms of infrastructure.
August 11, 2009

Moog Medical Devices to Invest EUR 2M in Lithuania and Establish Services Centre

The U.S. company Moog Medical Devices which acquired the company the Lithuanian Viltechmeda at the beginning of the year 2009, intends to invest EUR 2M in Lithuania in the nearest future, to establish a modern services centre and expand its research and technology branch.
August 07, 2009

Long-Term Production Contract with the US Company Chatsworth Products

Last month the Lithuanian UAB Stansefabrikken has signed a long term cooperation agreement with Chatsworth Products, Inc., (CPI).
August 06, 2009

Lithuania Visited for Both Leisure and Business Purposes

Statistics Lithuania informs that the number of overnight trips of foreigners in 2008, against 2007, grew by 8.5 % (from 1.5 million in 2007 to 1.6 million in 2008), while that of the same-day trips – by 4.4 % (from 2.7 million in 2007 to 2.8 million in 2008).
August 04, 2009

Fujitsu Expands WiMAX Terminal Ecosystem in Lithuania

Fujitsu Microelectronics Europe (FME) and the Lithuanian IT enterprise “Teltonika” collaborate to offer WiMAX operators a new and expanded range of WiMAX terminals.