| Lithuania the real winner from General Electric acquisition of Advantec
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| Latest insights and updates |
| December, 2015 |
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| Have big business plans? Have bigger ones! |
As the country’s business services and outsourcing sector takes off, investment development agency Invest Lithuania has launched a new two minute video that captures the essence of what makes Lithuania such an attractive SSC location. |
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| Swiss engineering consultancy to double staff levels at Lithuanian office |
One of Switzerland’s leading engineering design consultancies, CSD Ingenieure, has announced plans to substantially expand its operations in Lithuania. Whilst the firm’s Lithuanian sister company, CSD Inžinieriai, has been meeting orders for the local market for over ten years, its role is set to be transformed through a major investment and recruitment drive. It will become an integrated design services centre, servicing customers in both local and international markets. |
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| Lithuania and its ambitions to become the Silicon Valley of Europe |
It is very easy to get on with business in Lithuania. Even though Vilnius occupies a vast territory, only 600,000 people live in the capital. Since the population is not large, people are well connected and it’s easy to get advice on who can assist with a particular issue, such as where a contractor can be found or who to hire. |
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| Lithuania’s lofty Silicon Valley dreams |
Add Lithuania to the list of countries that thinks it can house the next Silicon Valley. The largest of the three Baltic states, and the newest member of the euro, doesn’t have to look all that far for inspiration, however. After all, wasn’t Skype technology created a hop skip and a jump away in tiny Estonia? Why, yes of course, it was. |
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| French TV report explores Lithuania’s growing attractiveness to foreign investors |
FranceTV’s magazine program, ‘Avenue de L’Europe’, featured a report by journalist Herve Dhinaut on Lithuania’s rapidly developing business environment. The report, boldly titled ‘A powerful seduction act,’ follows Mr Dhinaut as he travels across Lithuania interviewing business leaders and uncovering how foreign direct investment is transforming the Baltic country. |
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| Lithuania the real winner from General Electric acquisition of Advantec |
The recent acquisition of Norwegian oil and gas enterprise Advantec by US engineering giant General Electric (GE) is set to benefit Lithuania’s port city of Klaipėda, which is home to an Advantec facility. The acquisition will not affect a planned €4 million expansion of Advantec’s operations in Klaipėda, which are situated in the city’s Free Economic Zone (FEZ). It will, however, raise the port’s profile with potential investors in the US engineering market thanks to the new connection with GE. |
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| DevGAMM |
Join us at one of the most productive events in the game industry – DevGAMM, that will be held on 10-11 December in Minsk. The conference gatheres more than 1000 game developers and publishers. When: December 10-11, 2015
Where: Minsk, Belarus |
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| #hruBaltics x Vilnius |
Invest Lithuania is pleased to announce upcoming #hruBaltics x Vilnius – HR Unconference event for HR & business professionals. When: December 11, 2015
Where: Vilnius, Lithuania |
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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.
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