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LITHUANIAN BUSINESS ENVIRONMENT OVERVIEW DECEMBER, 2013

Updated 2013-12-09

Lithuanian business environment overview

December, 2013

Video encouraging investment in Lithuania reaches more than 200k views

A video that presents Lithuania through the eyes of investors has quickly gained popularity and has been viewed 200,000 times over the past two months. After evaluating the popularity of the video, Invest Lithuania has translated it into eight additional foreign languages: Danish, Swedish, Finnish, Norwegian, French, German, Russian and Chinese (Mandarin).

Read more and view the videos

New Investments

Norway’s Storebrand to establish a new IT Development branch in Vilnius

Storebrand, which provides various services and products in the area of retirement pension funds, life and health insurance, banking and asset management in the Nordic countries, is adding an IT development branch to its service center in Vilnius. The company is establishing new talented software development teams, starting with four small, agile teams, expanding to 70 developers over time.

Investment Climate

Investment opportunities in Lithuania presented to Israel’s business leaders

On 19 November 2013, Lithuanian Minister of Economy Evaldas Gustas, continuing his visit to Israel, met with the Israeli Minister of Science, Technology and Space Yaakov Perry.

Foreign investors advised Lithuania on how to attract more investments

A modern Labour Code and better opportunities to provide workers with high-demand skills would help Lithuania to attract more foreign companies, said members of Investment Advisory Council (IAC).

Facts & Rankings

Lithuania – the most attractive investment destination in Central and Eastern Europe

Lithuania’s potential as the most attractive destination for investment in the CEE region has been recognized in the Innovative Economic Scorecard, prepared by PwC and the British Embassy in Warsaw.

Lithuanian technology companies among the fastest growing in Central Europe

Two Lithuanian companies, UAB Ruptela and UAB NFQ Technologies, have been ranked by Deloitte among the 50 fastest growing technology companies in Central Europe.

Lithuania in Foreign Media

Silent sentinels at center of Lithuanian debate on bygone era

VILNIUS, Lithuania — Watching over one of this city’s busiest thoroughfares are the sentinels of a loathed regime.

The New York Times USA

Meet Us at Events

Creator of the World Wide Web to attend Lithuanian Innovation forum

Sir Timothy John Berners-Lee, the inventor of the World Wide Web, is coming to Lithuania -- his first visit to the Baltic States. He will speak at the Vilnius Innovation Forum, organized by the Lithuanian Ministry of Economy and the Agency of Science, Innovation and Technology.

Indre Narauskaite Investment Advisor

Email: indre@investlithuania.com

Phone: +370 5 262 7438

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As a part of the Ministry of Economy of the Republic of Lithuania, Invest Lithuania provides free advice to global companies interested in doing business in Lithuania and introductions to experts on the ground. So if your company is considering a business set-up or looking to access one of Europe's most skilled talent pools, make us your first stop.

Information source: http://investlithuania.mailer.lt/email/Latest-news-and-updates-30002283/23508848/d7m5/967953363

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LITHUANIAN BUSINESS ENVIRONMENT OVERVIEW DECEMBER, 2013

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