Barclays EN

The decision by Britain's Barclays Bank to close its operations center in Vilnius will not cause significant losses to Lithuania, Saulius Skvernelis, the Baltic country's prime minister, said on Tuesday.

The Vilnius-based Barclays technology center, which has recently announced plans to cut the number of its staff by a third, has probably found cheaper business development opportunities, head of the Investors' Forum, uniting foreign investors, believes.

The Vilnius-based Barclays technology center is considering cutting the number of its staff by a third.

Prosecutors on Wednesday launched a pre-trial investigation into last week's sewer pipe accident in Vilnius, the Prosecutor General's Office said.

A large sinkhole opened up near Barclays' building in Upės Street in central Vilnius, forcing the evacuation of people from the building.

There was a feel-good atmosphere in the Lithuanian Presidential palace in Vilnius on Tuesday afternoon as Lithuanian President Dalia Grybauskaitė hosted a ceremony honouring the Global Lithuanian Awards. The annual awards are presented to individuals who, in one way or another, have contributed to L...

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).

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.

Every year, over 1,000 students finish information technology (IT) studies in Lithuania; however, according to employers, it is not enough to meet the current demand of IT specialists in the country.