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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.
April 03, 2012

New biopharmaceutical plant to sharpen Lithuania’s hi-tech edge

Lithuania’s leading biopharmaceutical company, Sicor Biotech/TEVA, will build a new pharmaceutical plant in Vilnius. Due for completion by the end of 2013, the project has attracted almost EUR 22.6 million in foreign investment. Once on stream, the multifunctional plant will double the production capacity of Sico Biotech/TEVA, with over 95 per cent of its biopharmaceuticals produced for export.