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News 

September 29, 2010

SICOR Biotech/TEVA Announces EUR 6.7 Million Manufacturing Expansion Plans

Lithuania's leading biopharmaceutical manufacturer SICOR Biotech /TEVA is investing EUR 6.7 million in a modular production facility in Lithuania, seeking to double its medicine production volumes and boost high technology exports by 1.5 times.
September 24, 2010

Cogent Sets up Lithuanian Unit to Serve Baltic Markets

US-based Tier 1 Internet service provider Cogent Communications (Cogent), ranked as one of the top five networks in the world, has launched its subsidiary Cogent Lithuania in Vilnius, with David Schaffer, founder of Cogent, appointed as CEO of the subsidiary.
September 24, 2010

New Shanghai-Kaunas Cargo Route

A new cargo route from Shanghai in China to Kaunas Airport in Central Lithuania has been launched this week. The new air cargo route is the first of its kind and size in the region.
September 22, 2010

Economic Freedom in Lithuania Ranked 33rd

Lithuania’s economic freedom score is up from 35 in 2009 to 33 in the latest Economic Freedom of the World: 2010 Annual Report by the Fraser Institute, Canada's leading public policy think-tank, analyzing 141 countries of the world. Lithuania got an overall evaluation score of 7.03 out of maximum 10 points.
September 20, 2010

UBS Ranks Vilnius Least Expensive Baltic Capital

Swiss financial corporation UBS ranked Vilnius 63rd least expensive capital among 73 cities, and less costly to live in than Latvia's Riga (57th) and Tallinn of Estonia (61st).
September 20, 2010

Lithuania Has a Good Chance of Grabbing Region’s Best Investments and Talent

IBM's decision last week to set up a research center with the Lithuanian Government may stoke concern that Estonia and Latvia are falling behind as the Baltic neighbors vie for foreign investment after Europe’s deepest recessions, Bloomberg reports.
September 20, 2010

INVEST LITHUANIA Presents Newest Market Guide

INVEST LITHUANIA Presents Newest Market Guide
September 17, 2010

Government Signs Joint Research Agreement with IBM

Government of Lithuania and IBM announced a joint research partnership in Lithuania that will enable research and development of nanotechnology, healthcare and intellectual property (IP) management innovations.
September 10, 2010

Lithuania 6 Steps Up in the Global Competitiveness Report 2010-2011

Lithuania 6 Steps Up in the Global Competitiveness Report 2010-2011
September 08, 2010

Lithuania Outpaces Many in Digital Economy Rankings 2010

Lithuania is ranked 34th among 70 countries from around the world by the Economist Intelligence Unit (EIU) in its Digital Economy Rankings 2010. Lithuania was ranked higher than Hungary (35th), Latvia (37th), Poland (39th), China (56th) and Russia (59th), while first places were given to Sweden, Denmark and the United States.
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