Invest Lithuania

Neurotechnology, a provider of high-precision biometric, robotics, AI and computer vision technologies, on Friday introduced the SentiSculpt Software Development Kit (SDK) for the creation of 3D object models.

A state of the art facility that will produce up to 4,000 lenses for eyewear every day was recently opened in Trakai, a resort town near Lithuania's capital Vilnius.

Lithuania is not far behind Estonia in direct investments from Finland with low wage levels, small taxes and a hungry workforce, Invest Lithuania reports.

On 5 February, Enterprise Lithuania hosted its annual startup event Startup Lithuania Overview 2014. During the event, the highlights of Lithuania Startup Ecocystem of 2014 were announced and awards were given to the teams that achieved the most in 2014, Enterprise Lithuania reports.

Most of the winners in Lithuania's first Top Employer awards, held in Vilnius this week, were foreign investors, Invest Lithuania reports.

Anva Polytech, a rubber component producer from Sweden, is setting up a production facility in Lithuania, with the aim of creating 50 new jobs in the next 5 years. The factory, which will produce a variety of rubber components, will be established in Biržai town, Panevėžys County, Invest Lithuania s...

21 January 2015 marks an official launch of the Baltic Highway, a modern data transmission network, connecting Tallinn (Estonia) and Frankfurt (Germany) via Riga (Latvia), Vilnius (Lithuania), Warsaw (Poland) and Berlin (Germany). The 3,000km optical fiber network is distinguished for its reliabilit...

Nasdaq (Nasdaq: NDAQ) announces that the world leading operator of exchanges and provider of capital markets technology, will create a new technology and business support competence center in Vilnius.

Lithuania has this year joined the other Baltic countries in adopting the euro. Entering the common European currency can give the country's economy an additional boost, with more foreign investment on the cards, especially from Sweden, Invest Lithuania said.

Danske Bank, the largest financial services group in Denmark and the second largest in terms of assets owned in Northern Europe, is establishing an IT service centre for its group of companies, Danske Group IT Lietuva (DGITL), in Vilnius.

According to the latest report by the International Telecommunications Union (ITU), Lithuania stands 40th in the world according to its development in information and communications technologies (ICT). Country's best position (16th globally) is according to ICT skills; that measure the share of the ...

2014 proved to be a record year for Invest Lithuania, the nation’s foreign investment development agency, with 29 foreign companies deciding to establish or develop their businesses in Lithuania. Altogether almost 2,000 new jobs are planned over the next three years.

Moving operations to low-salary Baltic countries became popular in the 1990s. Now, translocation has changed in nature: it focuses more on services than on production. The data here speaks for itself.

Lithuanian startup Toyze has signed a licensing agreement with global developer and publisher Game Insight for three of its mobile game properties, The Tribez, Dragon Eternity and Mirrors of Albion, Invest Lithuania reports.

The euro which will shortly replace the litas will have a positive effect on the IT services market of Lithuania, however, it will hardly bring any significant changes. Antanas Ursulis, general manager of CSC Baltic which provides IT services, says that the euro will not bring any dramatic changes t...

AB ITAB Novena, a Swedish producer of equipment for shops, will build a new 10,000-square-metre factory close to its current plant in Kaunas. Construction of the new facility, which will receive LTL 10 million (EUR 2.9 million) of investment, will begin next summer, Invest Lithuania said.

Vilnius University and CSC Baltic signed a partnership agreement that will ensure partnership with individual faculties and the university as a whole. The agreement was signed by the interim rector of Vilnius University Professor Juras Banys and the CEO of CSC Baltic Antanas Ursulis, Invest Lithuani...

Lithuanian game developers who participated in AppCampus, Microsoft and Aalto University’s global mobile applications business accelerator programme, have been more successful than their counterparts from the other Baltic States. Ten Lithuanian projects have received funding for further activity sin...

On Monday, 22 December, Prime Minister Algirdas Butkevičius received representatives of the World Lithuanian Youth Association (PLJS). The prime minister together with Minister of National Defence Juozas Olekas answered questions of the participants of the meeting and discussed issues like defence f...

The 16th annual awarding of St. Christopher's statues took place at Vilnius Town Hall on 18 December. The statutes, which are the highest honour awarded by Vilnius Municipality, were presented to the city's most deserving people and businesses. At the ceremony, the foreign investment development age...