Environment Minister Valentinas Mazuronis, who is visiting the United States this week, says that Lithuania intends to create a favorable environment for foreign investors planning to explore for and extract shale gas in the country. “We expect to create a favorable investment environment for foreign …
Chevron, the only bidder for a license to explore for shale gas in western Lithuania, will invest if there is a favorable business environment in Lithuania, the chief executive officer of the US energy giant’s Lithuanian subsidiary said on Thursday. “If there’s a favorable environment, …
On 18 February 2013 the new Lithuanian Prime Minister Algirdas Butkevičius met with 170 representatives of the member companies of the British, the French-Lithuanian, the Swedish and the German-Baltic Chamber of Commerce in Vilnius at a business lunch. He presented the main priorities of his …
On 11 February delegates from the International Monetary Fund (IMF) mission met the Prime Minister and praised him for the fast pace of economic recovery after the crisis, but noted that redistribution of wealth in Lithuania is the lowest in the European Union,delfi.lt writes. Mission …
Lithuania’s investment management firm Lords LB Asset Management has just launched a new investment fund, the biggest to date, reported bbn.ee citing news2biz LITHUANIA. Lords LB Baltic Fund III has received its licence in August 2012 and is now actively seeking to build up to …
The port authority plans to re- and construct quays and railway tracks, set up LNG infrastructure as well as dredge the port’s water areas, informs Baltic Transport Journal. According to Klaipėda’s scheme EUR 24.4 mln will go for re- and constructing quays; EUR 23.6 mln …
Americans are lagging behind in investing in Lithuania despite the favourable business environment in the country, as well as its very qualified labour market and favourable geographic location. There are a number of reasons for this, but “basically, the only thing that is wrong with …
The level of national bureaucracy has long been a topic of heated debate in Poland. Despite complex procedures, foreign direct investments’ value remains at a competitive level in comparison with the countries of Central and Eastern Europe. It is often said that complex bureaucratic procedures …
Investment company BaltCap will invest in Coffee Inn, the largest branded coffee shop chain in the Baltics. Coffee Inn intends to invest up to €2 million of debt and equity capital over the coming two years to finance the future growth of the business in …
Bloom Consulting is proud to announce the release of the 2012 Bloom Consulting Country Branding Ranking©, now even more accurate with the incorporation of Online Search Demand (OSD). Lithuania is 83rd and 62nd for Trade and Tourism, respectively. Losing 14 positions in Trade and winning …
Danish engineering consulting and design company COWI A/S is establishing an IT operations and service centre in Lithuania to centralise and optimise the operations it carries out across five continents. Over the next two years, the company plans to invest LTL 5.3 million (EUR 1.5 …
Denmark’s Nielsen & Nielsen Holding that recently opened a financial service centre in Kaunas intends to hire forty highly skilled finance and accounting professionals, bbn.ee reports referring to Invest Lithuania. The value of the investment will exceed EUR 3.4 million, and the centre will provide …
Lithuania’s leading biopharmaceutical company, Sicor Biotech/TEVA, will build a new pharmaceutical plant in Vilnius, investlithuania.com reports. Due for completion by the end of 2013, the project has attracted almost EUR 22.6 million in foreign investment. Once on stream, the multifunctional plant will double the production …
More than 20 Lithuanian and foreign companies are currently building or planning new factories in the country, according to investlithuania.com. Many businesses cut investment during the downturn, but this began to change last year and new factories and production plants are now being built in …
In 2011 the foreign direct investment inflow in Lithuania was 1.5 times higher than in 2010, according to Statistics Lithuania and the Bank of Lithuania inform that in 2011, bbn.ee reports. Based on provisional data, in 2011 the FDI flow in Lithuania amounted to LTL …
Oil money investing Norwegian Government Fund (also known as Norwegian Oil Fund), already owning Lithuanian bonds, have now decided to invest in private Lithuanian companies. Analysts are very positive about this and are waiting for new investments, delfi.lt wrote on 21 March. Investments started in …
In March, Cannes, France, hosted the annual property trade exhibition MIPIN, a trend-setting event for investors and investment seekers. Lithuania was the only one of the Baltic states that failed to present its vision. Are we so desperately short of anything to show to the …
The investment of China – one of the world’s fastest growing economies – in Lithuania is currently under LTL20m, alfa.lt wrote on 19 March. But Liu Zengwen, the new Chinese ambassador to Lithuania, is certain that more and more Chinese companies will be interested in …
High unemployment and intense emigration indicate that Lithuania is embarrassingly anchored among the European Union’s (EU) outsiders, yet Lithuania itself joyfully asserts that its economy is showing the most rapid recovery in the Community. “Lithuanian News” inquired the Director of the Work and Social Research …
Both Lithuanian Prime Minister Andrius Kubilius and President Dalia Grybauskaitė have invited the Chinese to come to Lithuania – however, unsuccessfully. In the list of Lithuania’s top foreign investors, the Asian giant is only number 42, Jurgita Lapieniytė writes in 15min.lt. According to “Invest in …
