Invest Lithuania EN

In an effort to attract more investments and protect Lithuania's interest abroad, the government has come up with an idea of replacing commercial attaches working in embassies with specialized envoys of institutions.

Invest Lithuania, the government's foreign investment promotion agency, will look at how to attract local and foreign investors to the district of Šalčininkai, in the southeastern part of the country, Prime Minister Saulius Skvernelis said on Friday.

A day after the Tesla Motors lithium accumulator factory opened in Nevada, government and business representatives met for a discussion of the potential to build such a gigafactory in Lithuania as well.

For a decade we have heard repeated stories of foreign companies entering Lithuania and successfully establishing their branches here, but this could become a rarer sight if the country’s demographic crisis is not stymied.

“I definitely would not have taken this position had it just been for maintaining the bureaucracy. I am definitely not the most suitable person for that. I am entering from outside in order to make changes. The most important reforms we have in mind are increasing the effectiveness of institutions, ...

GeoPhy, a Dutch big data company that collects, processes and analyses data on the global real estate market has set up an office in Kaunas. By mid-2017, the company plans to have recruited up to 25 experienced specialists who will be responsible for collecting and analysing data from all over the w...

Milda Dargužaitė, a former managing director of Invest Lithuania, the government's foreign investment promotion agency, has been appointed chancellor of the new government of Prime Minister Saulius Skvernelis.

Personnel levels in Lithuania’s shared services sector have increased by 12% this year. And with 7 new centres established in the last 12 months, there are now a total of 50 shared services centres operating in Lithuania, Invest Lithuania reported.

Promwad, a leading pioneer of technologies for the ‘internet of things’ is to start a collaboration with Vilnius Gediminas Technical University (VGTU) as well as opening a new services centre in Vilnius.

Last year, Lithuania attracted 29 foreign companies. In the next three years the country should have about 2,000 additional jobs thanks to these new investors. A recent report by the “Kapital” program, broadcast on Estonian national television, investigated what Lithuania has that Estonia doesn’t, I...

On 23 December, Philip Morris announced the launch of a new LTL 137 million (EUR 40 million) investment project to expand its factory in Klaipėda. The expansion and modernisation of the factory, which is already set to start this year, will increase production capacity by 40 percent. All extra produ...

British foreign direct investment (FDI) into Lithuania has nearly doubled in three years ahead of the country's entry into the eurozone.

In May, Game Insight, a developer of games for mobile devices, announced that it was moving its headquarters from Moscow to Vilnius. This is not the first IT emigrant: in terms of price, logistics and investment climate, having their offices in European is often seen as a better option for those Rus...

After taking their education at Copenhagen Business School (CBS), two Lithuanians are dreaming about a life as entrepreneurs in Denmark. "We got a free education and then unemployment benefits when we finished studying here in Denmark. Now we want to give something back", says Kristupas Saikus.

Oystein Moan, the manager of the Norwegian Visma Group with about 100 programmers in Lithuania, forecasts that in the near future more services centres of international companies and also foreign companies particularly from the Nordic countries will be established in Lithuania, as labour force costs...

The US giant in health care technologies and services Intermedix Corporation opened its first international services centre in Lithuania and invested LTL 17.5 million (EUR 5.07 million) in its centre in Kaunas, Invest Lithuania informs.

Arvydas Arnašius, acting head of Invest Lithuania, will step in as permanent head of the government’s foreign investment promotion agency after winning a respective competition organized by the Economy Ministry.

In the first half of 2014 Invest Lithuania attracted 13 new investment projects to Lithuania. These new investors have already committed themselves to creating 1,423 new jobs, double the figure for the same period in 2013.