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May 17, 2012
New Paroc financial service centre to get EUR 4.8 million investment
Lithuania is one step closer to its goal of becoming the key hub for business service centres in North-Eastern Europe. The Paroc Group, a leading European manufacturer of stone wool insulation materials, has opened a financial services centre in Vilnius.
May 16, 2012
Bank of Lithuania forecasts rapid economic growth
Following faster than expected growth over the first quarter of this year, the Bank of Lithuania lifted its growth forecasts for this and next year. The country‘s GDP is now expected to rise by 3.0% in 2012 and 3.5% in 2013 -- 0.8% and 0.2% higher than the initial forecast.
May 15, 2012
Bloomberg: Nordic Cost Cuts Create Baltic Jobs
Mattias Loov sought to cut costs for his clients at Stockholm-based H1 Communication AB after the global economic crisis hit the Nordic region. He found a solution 760 kilometers (475 miles) across the Baltic Sea.
“Everyone’s looking after their overheads and trying to provide good services in a cost-effective way,” Loov, H1’s chief executive, said in a phone interview. He sees outsourcing to Baltic region, which also includes Latvia and Lithuania, as an emerging trend.
May 04, 2012
EUR 5.9 Million Investment in New Factory at Šiauliai Industrial Park
ROL Production International, a store fixture supplier for H&M, Marks&Spencer, ICA and other international brands will build a factory for metal furniture parts and retail equipment items at Šiauliai Industrial Park.
April 26, 2012
Sochi Winter Olympics contractor Glassbel boosts investment in Klaipėda
Glassbel Group, the most advanced producer of architectural and interior glass in the Baltic and Nordic countries, aims to become the leading company on the Nordic market and is strengthening its production capacity in the Klaipėda Free Economic Zone (Klaipėda FEZ).
April 25, 2012
Lithuania Reports Largest Decline in Unemployment Rate in EU
In 2011, Lithuania recorded the largest annual drop in the unemployment rate among the 27 Members States of the European Union.
April 20, 2012
Lithuania Among the Most Attractive Destinations for Shared Services and BPO
Global Shared Services industry experts named Eastern and Central Europe as a most attractive destination for Shared Services (SS) and Business Process Outsourcing (BPO) for businesses that are looking to relocate their operations to more competitive locations.
April 13, 2012
New Factories Spring Up After Downturn
More than 20 Lithuanian and foreign companies are currently building or planning new factories in the country.
April 06, 2012
Denmark's Nielsen & Nielsen to hire 40 finance professionals in Kaunas
Lithuania's targeted efforts to become a Northern European service centre are showing results. Denmark's Nielsen & Nielsen Holding A/S has recently opened a financial service centre in Kaunas, and now
intends to hire forty highly skilled finance and accounting professionals.
April 06, 2012
COWI to open IT service centre in Vilnius
Danish engineering consulting and design company COWI A/S is establishing an IT operations and service centre in Lithuania to centralise and optimise the operations it carries out across five continents.
Over the next two years, the company plans to invest LTL 5.3 million (EUR 1.5 million) in the centre - which will be in Vilnius - and employ 20 people.
