LATEST INSIGHTS AND UPDATES
August, 2016
The largest ever green field project and two growing clusters: Invest Lithuania’s story of 2016 so far

Over the first six months of this year, Invest Lithuania has attracted 19 foreign direct investment projects to Lithuania, including what will probably be the largest green field investment in the country’s history. These projects will create around 1,800 new positions over the next three years. By comparison, over the first six months of 2015, which was a record breaking year, the foreign investment promotion agency attracted 12 projects which together created 1,426 new jobs.

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INVESTMENT CLIMATE
rise Vilnius
Global startup network Rise opens in Vilnius

Vilnius has joined the ranks of London, New York, Cape Town, Tel Aviv, Manchester and Mumbai in becoming a host of Rise, the international financial technology startup network created by Barclays. From today, the Rise Vilnius hub will provide 10 startups from the region with the ideal space to work and create, plus the benefits of being connected to the Rise global network.

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Lithuania jumps 17 places in World Bank Logistics Index to lead region

Lithuania has significantly improved its scores in all areas of the World Bank’s Logistics Performance Index (LPI), and now ranks 29th globally.  It has climbed 17 places since the last index in 2014, and leads the region for logistics performance.

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logistics index Lithuania
Fintech in Lithuania
Lithuanian Institutions Enhance Focus on New Financial Technologies and Fintech Sector Development in Lithuania

The globally accelerated development of financial technologies (Fintech) predetermines the need for a more efficient use of Lithuania’s potential available in this sector. Upon the request of the Government, the Ministry of Finance in cooperation with the Bank of Lithuania and other institutions concerned will prepare concrete proposals on how to enhance the development of the Fintech sector in Lithuania.

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LITHUANIA IN FOREIGN MEDIA
Automotive industry in Lithuania
Lithuania launches campaign to lure away UK’s car-makers

Lithuania hopes to inspire UK-based car-makers to relocate to the Baltic state to continue reaping the benefits of EU membership after Britain exits the bloc.

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Life sciences in Lithuania
Lithuania’s Life Sciences industry grows 25 percent

Lithuania‘s Life Sciences sector grew by 25% in the year 2015, according to figures from Enterprise Lithuania, a business development agency. This means production volume in the industry has now surpassed €740 million.

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How Lithuania attracts German companies
How Lithuania attracts German companies

Current statistics show that the Eurozone is the top destination for direct investments by German companies. And thanks to a sustained governmental focus on improving the business environment, Lithuania is one of the most popular locations for German investors.

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Tech Lithuania
"Lithuania can be a gateway to the EU for Israeli companies"

So said the former Prime Minister of Lithuania, Aleksandras Abišala, speaking as part of a recent panel discussion on business ties between the two countries. And according to Boaz Inbal, Director of the development centers of WIX in Europe, Lithuania offers “talented and passionate people.”

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OTHER NEWS
Vilnius introduces a new city development agency
2016-07-04
MEET US AT EVENTS
EPIC Executive Meeting on Lasers and Material Processing

The meeting will discuss between suppliers and users the latest advances in laser-enabled high precision processing of materials.

When: September 7-9, 2016
Where: Vilnius, Lithuania

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Deloitte Shared Services, GBS & BPO Conference

Leading practitioners from a wide range of companies will cover topics including: choosing the right GBS governance structure, harnessing the power of big data and analytics, implementing continuous improvement and many other.

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, 2016
Where: Vilnius, Lithuania

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Baltic Strategic Shared Services Conference

Building on the success of previous events, this year’s Baltic Strategic SSC Conference takes place in Vilnius, the region’s fastest-growing and most attractive SSC destination.

When: October 12-14, 2016
Where: Vilnius, Lithuania

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CONTACT US

Aušrinė Isodaitė
Junior Investment Advisor | Manufacturing

T: +370 5 204 7834
E: ausrine.isodaite@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.