24 articles
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...
Urban was founded in 2014 by Jack Tang and Giles Williams to provide easy and affordable access to wellness, so people can live happier and healthier every day, a press release from Invest Lithuania states.
Dana Incorporated, a world leader in highly engineered solutions for improving the efficiency, performance, and sustainability of powered vehicles and machinery, will be opening a new global shared service center in Vilnius, Lithuania. The center will employ approximately 100 people in a variety of ...
The Lithuanian subsidiary of London-based cross-border payments facilitator Earthport (AIM: EPO) – Earthport Payment Services UAB – has been granted a Payment Institution license by the Bank of Lithuania, an Invest Lithuania press release states.
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...
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.
Favourable conditions for the development of financial technologies (FinTech) in Lithuania have already attracted numerous domestic and foreign companies. Upon implementation of planned initiatives for fostering FinTech development, the sector is likely to attract more investment and create more job...
Hot on the heels of issuing of the Europe’s fastest e-money (EMI) license to the numerous global tech companies, Lithuania has announced it will host Europe’s first international Blockchain Centre. The Centre’s mission: to unlock economic and social value by applying blockchain technology to busines...
As part of its strategy of strengthening manufacturing capacities in Europe, the technology company Continental, is to build a new facility in the Kaunas region of Lithuania. The company plans to invest €95 million in the new unit, which will produce electronic components and create around 1000 new ...
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.
The virtual factory of electric elements for US electric car manufacturer Tesla built by Lithuanians shows that the Baltic state features talented specialists, and the name of Lithuania was put on the map after the US company noticed their work, says businessman Vladas Lašas.
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.
