Invest Lithuania

EUROC Lithuania celebrates the fifth birthday of the establishment. Within the past 4 years, EUROC expanded more than 5 times from the initial plan of 250 employees in 2010 to more than 1,300 employees today (2015 April). During this time, Western Union's (WU) centre in Lithuania has experienced the...

Finnish investments generated more jobs in Lithuania than any other foreign investment in 2014. Finland made nearly 30 million euros worth of new direct investments last year, retaining its position from 2013 as the country’s eighth largest foreign investor. The most significant foreign investors in...

Lithuanian startup arena has been heating up in recent years. Friendly business environment, relatively low taxes, advanced IT infrastructure, favourable relocation conditions have mightily influenced the increasing number of startups, foreign investment and community events.

On 18 May in Vilnius, Deputy Minister of Foreign Affairs of Lithuania Rolandas Kriščiūnas and Vice-Governor of Shandong Province Xia Geng opened a business forum, which was attended by about 50 representatives of Chinese enterprises and 70 representatives of Lithuanian companies. Business meetings w...

The Palanga bypass public-private partnership (PPP) project has been opened to the public.

Bentley Systems, a global software supplier that opened its first office in Lithuania 10 years ago, is expanding and opening a new office in Kaunas, reports Invest Lithuania, the country's state investment promotion agency.

One of the world's largest insurance companies - American International Group (AIG) – has established a Service Centre in Vilnius, Lithuania. As an integral part of AIG’s network covering Europe, Middle East and African markets, the Vilnius AIG centre will service insurance policies, manage claims a...

Norwegian banking and insurance company Storebrand officially launched its brand new training centre in Vilnius.

The Germany-based Klasmann-Deilmann Group has announced EUR 11 million worth of investments in Klaipėda County, Lithuania. The company is to build a further state-of-the-art production line for manufacturing peat products and growing media for the worldwide commercial-horticulture sector. Its intend...

Newly released data shows that German firms are the largest foreign direct investors in Lithuania's manufacturing industry.

Against a backdrop of weak economic growth across Europe, Lithuania stands in good stead in terms of its economy. Boasting low debt and budget deficit levels, and with strong growth forecasts, the Lithuanian economy is stable and robust, mainly thanks to extensive reforms undertaken in recent years.

Lesto, Lithuania's national power distribution company, has streamlined its power connection process for business and private customers. Connection time for new customers will be reduced by 2 days on average thanks to the changes, Invest Lithuania reports.

Last year businessman and investor Igor Matsanyuk moved his team to Vilnius, Lithuania’s capital city. And at the beginning of the summer he himself moved to Lithuania’s capital.

AlternativaPlatform, the creators of on-line game Tanki Online, which currently serves over 5 million users monthly, have announced the opening of their office in Lithuania. The office will soon employ five people who will be responsible for Tanki Online communication, public relations and client se...

According to new data, more than 25,000 jobs are created each year by companies newly registered in Lithuania. The data, published by Creditreform Lietuva, also shows that after two years of operations this figure increases by another 60 percent, with some companies registering a tenfold growth in e...

Milda Dargužaitė, former managing director of Invest Lithuania, the government's foreign investment promotion agency, has been appointed to head Barclays Technology Centre Lithuania (BTCL).

Lithuania became a member of the European Union in 2004, and since that year almost 470,000 people have emigrated from the country. Now, many of the so-called “generation of independence” - the first generation of Lithuanians to be born after the collapse of the Soviet Union – are returning. And, wi...

US Internet search and digital marketing giant Google has confirmed that it plans to open a sales and marketing unit in Lithuania this year.

Neurotechnology, a provider of high-precision biometric, robotics and AI technologies, introduced the SentiGaze Software Development Kit (SDK). The SentiGaze algorithm enables designers and developers to create applications that use off-the-shelf webcams to track eye movements and generate heatmaps ...

Vilnius has been ranked 4th in Europe as a city for fast-growth businesses. The list, compiled by influential US business publication Inc., rated European cities on the number of companies that made it to Inc.'s 5000 Europe list of rapidly-expanding enterprises, Invest Lithuania reports.