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May 28, 2010

Western Union to set up a Global Operations Center of Excellence in Lithuania

Western Union, an industry leader in global money transfer, will set up its new Global Operations Center of Excellence in Lithuania. The Lithuanian Ministry of Economy signed a Letter of Intent with the company. Western Union will open its Center later this year and will create over 200 new jobs in Vilnius during the coming three years.
May 27, 2010

Thermo Fisher Scientific Acquires Fermentas

The world leader in serving science Thermo Fisher Scientific Inc. announced that it has signed a definitive agreement to acquire a manufacturer and global distributor of enzymes, reagents and kits for molecular and cellular biology research - the Lithuanian Fermentas for $260 million.
May 26, 2010

Vilnius – Barcelona flight launched

Lithuanian budget air travel company Star1 Airlines is relaunching direct flights from Vilnius to Girona, near Barcelona on May 23.
May 21, 2010

Lithuania Leading in Labour Costs and Female Labor

IMD World Competitiveness Yearbook 2010 shows, that Lithuania got the highest positions in female labor force (No. 2), unit labor costs in the manufacturing sector (2), communication technologies’ conformity with business requirements (3) and in number of mobile telephone subscribers (4).
May 18, 2010

Passenger Flow at Vilnius Airport Continues to Increase

In March, Vilnius International Airport (VIA) served 112,784 passengers, which is a 24% increase compared to the same period last year. In Q1 of 2010, passenger flow at the airport increased 10% (285,980) compared to Q1 of 2009, and the growth of the number of passengers is becoming even more rapid.
May 13, 2010

Baltic Entrepreneur of the Year Award Went to a Lithuanian

Ilja Laurs, founder and CEO of GetJar Networks, the Lithuanian and world's largest cross-platform app store based in Lithuania, the US and the UK, was awarded as Baltic Entrepreneur of the Year at the 2010 U.S.-Baltic Gala Awards Dinner & Silent Auction organized by the U.S.-Baltic Foundation (USBF) in Washington, DC, on May 8, 2010.
May 11, 2010

IBM Intends to Invest in Lithuania

Last week at IBM‘s headquarters in New York, the Lithuanian Government and one of the world leaders in inventing new technologies IBM signed a letter of intent that they would create a joint research centre in Lithuania.
May 05, 2010

Klaipėda Seaport Dues Sharply Reduced

Seeking to improve conditions for the port’s loyal old as well as new customers - cruise, ro-ro, ro-pax and ro-ro liner, as well as container tramp vessels - the changes to regulations on application of the Klaipėda State Seaport dues were initiated.
May 03, 2010

Lithuanians Announce Strategic Alliance with India's 2nd Largest Mobile Operator

GetJar, the world's largest independent mobile app store based in Lithuania, the US and the UK, has announced a strategic partnership with Reliance Communications (RCOM), India’s second largest mobile operator.