LATEST INSIGHTS AND UPDATES
June, 2016
FINNISH STAINLESS STEEL GIANT OUTOKUMPU TO OPEN BUSINESS SERVICES CENTER IN VILNIUS

Outokumpu, the global leader in stainless steel, is set to open a multifunctional business services center in Vilnius. Outokumpu has its headquarters in Finland and its products are used in demanding applications around the world, for example in the construction of 3 World Trade Centre in New York and in the reconstruction of Gaudi’s Sagrada Familia basilica in Barcelona.

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NEW INVESTMENTS
Fatmap
Award winning British mapping startup recruiting Lithuanian IT talent

Innovative British startup Fatmap, which has won Login Startup Fair competition for its 3D ski maps, is setting up in Vilnius soon. Fatmap plans to recruit ten highly qualified programmers and 3D technology professionals over the next year and a half in the Lithuanian capital.

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INVESTMENT CLIMATE
Fab Lab
The first Fab Lab engineering workshop launched in Kaunas University of Technology

Kaunas University of Technology (KTU) launched the first Fab Lab engineering workshop in Lithuania. The total investment into the modern Fabrication Laboratory infrastructure already exceeds half a million euros.

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Marvele Cargo Port
Deadline nearing to submit participation requests for Marvele cargo port

3rd of June 10:00 is the deadline to submit participation requests for Marvele cargo port concession tender. Submissions should be made via CVP IS, a procurement system used by the Lithuanian Ministry of Transport and Communications, which will then create a shortlist of applicants.

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Vilnius airport industrial zone
Vilnius Airport to launch bespoke industrial zone for aviation sector companies

Vilnius Airport is to invest €7 million in the creation of an industrial zone designated for companies operating in the aviation sector. The VNO Industrial Area, an 8 hectare territory which will be located inside the territory of Vilnius Airport, will offer exclusive plots to companies providing small aircraft maintenance, repair and operations (MRO) services, air freight transport, and business and general aviation services.

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Lithuanian airport concession
InterVISTAS to advise Lithuanian government on Lithuanian airport concession

An international consortium led by the aviation consultancy firm InterVISTAS has been selected as the preferred bidder for the signing of a contract with the Lithuanian Ministry of Transport and Communications and State Enterprise Lithuanian Airports to provide consultation on the structuring and implementing of Lithuanian airport concession procurement.

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LITHUANIA IN FOREIGN MEDIA
HP Enterprise to merge IT services unit with Computer Sciences

Hewlett Packard Enterprise Co said it would spin off and merge its struggling IT services business with Computer Sciences Corp, allowing the company to focus on its cloud services business and other fast-growing units.

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MEET US AT EVENTS
MRO Baltics, Eastern Europe & Russia

MRO BEER is a regional event with content and attendees hyper-focused on the issues and challenges specific to the region.

When: June 8-9, 2016
Where: Prague, Czech Republic

 

 

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Deloitte Shared Services, GBS & BPO Conference

Over the last 18 years Deloitte’s Shared Services, GBS & BPO conference has built up the reputation of being the best, most comprehensive event in this market – and this year’s event aims to better that.

When: September 14-15, 2016
Where: Lisbon, Portugal

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Life Sciences Baltics

Life Sciences Baltics 2016 is the only international forum in the Baltics for world-class biotechnology, pharmaceutical and medical devices experts from all around the world.

When: September 14-15, 2015
Where: Vilnius, Lithuania

 

 

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CONTACT US

Karolis Matulaitis
Investment Advisor | Aviation

T: +370 5 204 7805
E: karolis.matulaitis@investlithuania.com

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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.