LATEST INSIGHTS AND UPDATES
April, 2016
SWEDBANK LAUNCHES BRANCH FOR OPERATIONAL SERVICES IN VILNIUS, WILL RECRUIT MORE THAN 400 EMPLOYEES

On March 1st a Swedbank Group branch for operational services starts in Vilnius, Lithuania. Employees working in the newly established branch will conduct different operations for the whole group. From start there will be 140 employees working in the branch, and within a couple of years more than 400 new employees will be recruited.

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NEW INVESTMENTS
Nasdaq continues to expand in Lithuania
Nasdaq continues to expand in Lithuania

Nasdaq (Nasdaq: NDAQ), announces that the world’s leading exchange operator and capital markets technology provider Nasdaq group has positively assessed the first phase of the Technology and Business Support Competence Center development in Vilnius and decided to expand further.

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Regional leader in the Internet of Things setting up office in Vilnius
Regional leader in the Internet of Things setting up office in Vilnius

Promwad, an innovative technology developer and a pioneer of the Internet of Things in the CEE region, has announced that it is opening an office in the Lithuanian capital, Vilnius.

 

 

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Revel systems
Innovative US tech firm doubling personnel after completing first development stage of Vilnius office

Having completed the first stage of it development in Lithuania, innovative US technology company Revel Systems is now planning to double its personnel numbers in 2016. The rapidly growing company, which develops cloud-based payment solutions for customers worldwide, currently employs 100 IT and customer service specialists in its Vilnius office, which started operations last September.

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SEB Set to Create 100 New Skilled Positions in its Vilnius Service Centre

As SEB Group’s operations in Lithuania continue to expand and develop, the company has decided to create up to 100 new skilled positions in its Vilnius service centre. Personnel levels in the centre should reach 700 by the end of this year, with the company planning to recruit specialists in a range of departments including IT development, financial operations, loans and staff administration.

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SEB
CIE Forge
CIE LT Forge plans to triple crankshafts production capacity in Marijampolė

A €7.5 million investment in a brand new production line is set to boost jobs and productivity at CIE LT Forge, a Spanish-capital company based in Marijampolė. The new line will help CIE LT Forge to triple the production capacity of crankshafts that it intends to supply to Audi, Renault and Volkswagen.

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INVESTMENT CLIMATE
EU Blue Card
Reforms to streamline EU Blue Card procedures for skilled migrants to Lithuania

Amendments to the Law on the Legal Status of Aliens, to be adopted this spring by Lithuania’s parliament, will streamline the EU Blue Card application process for skilled migrants moving to Lithuania.

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NASA to use new Lithuanian technology to detect injuries
NASA to use new Lithuanian technology to detect injuries

If there are no unforeseen obstacles, a NASA spacecraft will take the World’s first non-invasive ultrasound intracranial pressure meter, that has been developed by a group of scientists at the Kaunas University of Technology, for tests at the International Space Station in the near future.

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Foreign Investors in Lithuania break even 30% faster, says new study
Foreign Investors in Lithuania break even 30% faster, says new study

Investors in Lithuania generate higher returns and pay off their investments faster than those in other investment locations, according to a new study conducted by analysts at the investment development agency Invest Lithuania.

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Partnership awards
Invest Lithuania shortlisted for PPP Promoter of the Year award

In recognition of the developments Lithuania has made in Public Private Partnerships (PPP) in recent years, Invest Lithuania has been shortlisted for this year’s Partnership Awards in London.

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Nobel prize
Nobel ambitions for Lithuanian researchers as new science centres opened in Vilnius

With two new state-of-the-art research facilities opening their doors in Vilnius, Lithuania’s scientific community has high expectations for ground-breaking research and closer collaboration with business.

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Brolis Semiconductors
Brolis Semiconductors laser wins the Innovation Award at CSindustry Awards 2016

Brolis Semiconductors new SensAline tunable laser declared as a winner at the CSindustry 2016 awards in the Innovation Award category.

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LITHUANIAN MEDIA
Ahlstrom CEO: Lithuania a potential location for new manufacturing facilities

Building on its positive experience establishing a successful service centre in Lithuania, Finnish technical fibre manufacturer Ahlstrom is now considering the Baltic country as a location for a production unit as well, according to the company’s President and CEO Marco Levi.

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Vilnius
Vilnius leading the Baltic region for investor attraction

Vilnius is the most competitive capital in the Baltic States for attracting large foreign investors, according to Latvia’s head of investment promotion. During a presentation of the Colliers International market survey, Linda de Putane, head of investment promotion at the Latvian Investment and Development Agency, stated that the Latvian capital Riga is being outpaced by Vilnius due to its lack of quality office space.

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OTHER NEWS
Concession tender launched for Marvele cargo port PPP in Lithuania
2016-03-15
First time in Lithuania – CERN campus with IT guru
2016-03-18
Barclays’ Rise startup space set to open in Vilnius
2016-03-22
MEET US AT EVENTS
The Bitcoin Conference 2016

The largest cryptocurrency conference in the Baltic states, featuring insights from US investors, experts, practitioners, start-ups, and officials.

When: April 8, 2016
Where: Vilnius, Lithuania

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Innovation In Medtech Dublin 2016

The conference will feature presentations by 45+ early-stage medical device companies from around the world, along with thought-leading guest speakers, on-stage interviews with key device executives and VCs, and insightful and timely panel discussions, all providing candid insight on topics of utmost importance to all with a stake in the rapidly evolving global device market.

When: April 12-14, 2016
Where: Dublin, Ireland

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Industry Forum Machinery

The event offers a great opportunity to expand personal network, hear about the latest business trends and evaluate the potential partners in a structured way. 

When: April 26-27, 2016
Where: Stockholm, Sweden

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Games Industry Law Summit

The 2nd Games Industry Law Summit offers two days of presentations and panel discussions by legal and business development professionals from the international games industry. 

When: April 28-29, 2016
Where: Vilnius, Lithuania

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CONTACT US

Sandra Pangonytė
Senior Investment Advisor | Manufacturing

T: +370 5 204 78097
E: sandra@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.