IBM is planning to establish a research department in Lithuania
Posted by editor on 3/07/10 • Categorized as Business, Business and Policy, Economy Watch, IT • 
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After the UK’s Barclays Bank Technology Centre officially started its operations in Vilnius on 5 March Lithuania’s Prime Minister Andrius Kubilius on 6 March announced that another giant corporation is eyeing to settle in Lithuania.
MP Kubilius stated that the USA’s IT cooperation IBM is looking into establishing a research and development department in Lithuania. The PM said during the Conservative party’s board meeting on 6 March, “Yesterday (5 March) we met with an IBM delegation, which plans to found a research and development department.” Prime Minister Kubilius said that it is very likely that it might take up to a year for the IBM to start its operations in Lithuania.
Mr. Kubilius also convinced that his delegation’s trip to the US had a direct impact on the IBM’s decision. Prime Minister said to his party colleagues, “It looks like we managed to persuade representatives of largest companies during meetings in the framework of the US visit that Lithuania is worthy of their investments.”
On 9 February the Irish budget carrier Ryanair’s CEO Micael O’Leary announced that his company is planning to open its first Central European aircraft base in Kaunas in May and invest in it 140 mln USD.
Barclays’ information technology centre in Vilnius which currently employs 280 employees is planning to expand to 400-500 people by the end of 2010m, Jim Ditmore, the chief information officer for Barclays’ global retail and commercial banking, promised on 5 March.Prime Minister’s Kubilius Cabinet stated that one of his first priorities is to attract the foreign investment into Lithuania. It seems that it is working so far.
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