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December 21, 2011
One-Stop Consulting for Foreign Investors
Invest Lithuania, a public agency which provides assistance to foreign investors, has launched a one-stop consulting service to large and medium-size foreign capital companies already operating in Lithuania.
December 19, 2011
Lithuanian Pixelmator Named Mac App of the Year
The image editing app released by the Lithuanian software developer Pixelmator was named the App Of The Year by Apple last week.
December 15, 2011
IKEA To Open First Store in Lithuania
IKEA, which runs an international network of furniture and household stores, announced today its plans to open a store in Vilnius which will be the first IKEA outlet in the Baltic States. The store, to be built in the vicinity of the Vilnius International Airport, is to be erected by Felit, an Icelandic company operating through a franchise agreement with IKEA.
December 14, 2011
Lithuania Up Three Positions in Global Competitiveness Ranking
Having moved up three positions from last year, Lithuania stands 44th in the newest global competitiveness list which is compiled annually by the World Economic Forum and includes 142 countries.
December 06, 2011
Financial Stability Ensured Quick Rebound of the Economy – Lithuanian PM Advisor
The government in Lithuania has managed to prove the political will and to implement severe fiscal consolidation over the last three years. This has been hard on people but helped to maintain financial stability and integrity of the country and ensured quick rebound of the economy after the crisis, said Mykolas Majauskas, chief economic advisor to the Prime Minister of the Republic of Lithuania in the interview broadcasted on Bloomberg Television.
November 28, 2011
Lithuania Sets Up a Representation in the Silicon Valley
Lithuania has set up a representation in the Silicon Valley, located in Northern California, in the United States, to raise the country’s awareness among the companies operating in the world’s best known agglomeration of technology businesses and to encourage their investment in Lithuania.
November 28, 2011
Lithuania Reports 16 FDI Projects of EUR 87 m and 2,200 New Jobs
A total of 16 investment projects during the first nine months of 2011 with the overall project value at LTL 301 million (EUR 87.2 million) and more than 2,200 new jobs due to be offered have been confirmed, by signing letters of intent, by Invest Lithuania and the Ministry of Economy.
November 22, 2011
Vilnius Among World’s Ten Hip Cities
Vilnius, together with other nine cities from different parts of the world, was selected by The New York Times one of the world’s cities that are “both great and good”.
November 21, 2011
NASA Would Like to Cooperate with Lithuanian Scientists and Businesses
NASA and Lithuania could cooperate, said Simon P. Worden, Director of the NASA Ames Research Center, paying a visit in the Government of Lithuania last week.
November 16, 2011
Lithuania Second in EU by Economic Growth
The Lithuanian economy expanded by 7.2 percent in the third quarter of the year compared to the respective period in 2010, the European Union’s statistics office Eurostat said. Among the 27 member of the EU, Lithuania is second only to Estonia which posted a 7.9 percent increase in its gross domestic product over the period.
