40 articles
In 2019 47 foreign direct investment (FDI) projects were attracted to Lithuania, including companies from the prestigious Fortune 500 list. It is expected that 4,600 new jobs will be created, some of them with average gross salaries up to €4,000, "Invest Lithuania" counts.
Invest Lithuania, the official agency for foreign direct investment and business development in Lithuania, today announced that Rocket Software has opened a new development centre in Vilnius and plans to hire more than 200 engineers and programmers in the next 2-3 years.
The rapidly growing UK-based tech firm Velocity Black is establishing a developer team in its brand new technology centre in Lithuania’s capital Vilnius, "Invest Lithuania" announced.
In 2006, the Lithuanian port city of Klaipėda welcomed the Norwegian company Omega, which develops project management software primarily for oil and gas industries and the public sector. Since then, the local division has been growing its capacity and is currently looking to add around 20 skilled de...
The Ministry of Economy and Innovations has registered a legislative package, which specifies that the state could take land belonging to individuals if a large investor needs it. Seimas jurists note that this could clash with the Constitution.
Homanit, a leading manufacturer of medium-density (MDF) and high-density (HDF) wood fibreboards from Germany, has announced building a plant in the Vilnius region. The company is expecting to around 100 million euro and hire 440 employees in the first five years of operations, a press release from I...
Paystra, a fintech company founded and financed by Icelandic payments experts, providing payment services, is establishing its headquarters in Vilnius, Lithuania, and plans to build a team of 30 professionals over the next two years. The company, led by two payment market veterans, will develop and ...
Today, Revolut together with the Bank of Lithuania have announced that the challenger bank received a Specialised Banking License, which will allow offering and passporting an even wider range of solutions to customers in Europe. The move of getting a license in mainland Europe has been considered b...
Moody’s Corporation has chosen Vilnius, Lithuania as the location for its newest European office. Moody’s provides credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moody’s expects to grow its new office over the next few years and chose Vi...
NKT, a leading global power cable manufacturer, and THINKT, an innovation hub backed by the Danish company, are bringing their joint competencies to Kaunas where they are establishing a digital project development team. The new site will collaborate with the THINKT hub in Berlin to support and devel...
TeraSky, a leading Israeli cloud solutions integrator, has just announced the opening of its European branch in Vilnius, Lithuania. The company, whose customer base includes global enterprise leaders in high-technology, finance, defence, cyber, telco and other areas, plans to hire several dozen loca...
Railsbank, a leading UK-based open-banking and RegTech platform, has opened a new office in Vilnius, Lithuania, a press release from Invest Lithuania states.
Arctic Adventures, an Icelandic adventure tour operator, has announced plans to open its first office abroad in Lithuania. The company is looking to hire around 75 employees for their Vilnius team within the next three years, a press release from Invest Lithuania states.
MERA, a global software services provider based in Zurich, has announced opening a software development division in Vilnius, Lithuania. Over the course of several years, the company plans to employ over 200 software engineering professionals, a press release from Invest Lithuania states.
German car parts giant Continental on Friday launched the construction of a new plant, worth 95 million euros, in Lithuania's second-largest city of Kaunas's free economic zone, in a largest investment in the country in 20 years.
Milda Dargužaitė, a former chancellor of the Lithuanian government, has been appointed as CEO of Denmark's investment company Northern Horizon.
President Dalia Grybauskaitė has sent the world's smallest nativity scene to Pope Francis as a unique Christmas gift created by Lithuanian scientists and students.
Lithuania's Prime Minister Saulius Skvernelis has confirmed to BNS he had chosen MP Virginijus Sinkevičius, deputy elder of the ruling Lithuanian Farmers and Green Union group, as candidate for economy minister.
Revolut has taken a further step towards positioning Lithuania as a key market as the innovative fintech announces the launch of a Vilnius-based office and team.
