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February 23, 2011

Global Services Location Index 2011 raises Lithuania from 21st to 14th spot

While a sluggish recovery continues to create the kind of pressure for economies that drive business outsourcing, an increasingly complex global economic environment has led to major changes in the ranking of the most attractive offshoring destinations, according to the most recent 2011edition of the global management consulting firm A.T. Kearney's Global Services Location Index.
February 17, 2011

Lithuania’s GDP growth exceeding EU average and most of EU-27

Eurostat, the statistical office of the European Union, has calculated that Lithuania’s 4th quarter (4Q 2010) GDP increased 1.7 %, and the yearly growth reached 4.4 %.
February 14, 2011

Lithuanian Central Bank raises 2011 GDP forecast

The Central Bank of Lithuania (Bank of Lithuania) believes that the national economy will grow stronger than previously estimated this year.
February 11, 2011

FDI flow surge in 2010

Last year FDI flow to Lithuania increased and amounted to EUR 434 million, Central Bank of Lithuania and Lithuania Statistics have reported. In December 2010 the market absorbed the FDI flow of EUR 136 million, by 78% more than in November last year.
February 10, 2011

Lithuania continues leading European FTTH rankings

Lithuania is continuously topping the European FTTH 2010 ranking as well as is 6th on the global ranking list.
February 05, 2011

Koreans open LED lighting assembly plant in Kaunas

The South Korean company LK Technology has opened a LED (light-emitting diode) lighting assembly plant in Kaunas, Central Lithuania.
February 03, 2011

Lithuania attracted by 42 % more foreign capital

42 new investment projects were launched in Lithuania in 2010, bringing by almost 42 % more capital to the market, in comparison with the year 2009, FDImarkets.com online data base reported. The database owned by The Financial Times tracked 35 FDI projects in Lithuania in 2009, by 20 % less than in 2010.
February 02, 2011

Lithuanian laser recognized world's best Scientific Laser

World’s first tunable wavelength laser NT200 produced by Lithuanian ISO9001 certified manufacturer of lasers, laser systems and components for R&D and industrial applications EKSPLA www.ekspla.com won the world’s best Scientific Laser award at the prestigious 2010 Prism Awards for Photonics Innovation last week in San Francisco.
February 01, 2011

Application for Apple’s Mac created by Lithuanians made a record $ 1 million in 20 days

Pixelmator, an innovative and easy-to-use software developer established by two Lithuanians in 2007, earned $ 1 million in only 20 days from sales of their photo editing application at Apple’s online Mac App Store.