Lithuania is attractive to investors because it provides the ideal environment for the set up service and data centres. Lithuania aims to appear on the business investment map and strengthen its position in the international markets.
Information and communication technologies (ICT) is one of priority sectors for Lithuanian Government thus it has been active participant in sector’s development over the last years. At present, Lithuania has the largest ICT industry in the Baltic States with an outstanding potential both for local as well as foreign favourable business. The Government has been putting efforts in attracting international technological companies to Lithuanian market, developing sciene and technology parks and encouraging international trade.
World known companies in Lithuania
Well developed ICT infrastructure, highly skilled IT professionals and supportive Government’s policy have created an attractive business environment for foreign companies in Lithuania.
Barclays bank (UK) established a Technical Support Centre in 2010 in Vilnius, the capital of Lithuania. Company has already created almost 700 jobs. Barclays is a major global financial services provider engaged in retail banking, investment banking and wealth management in Europe, The Americas, Asia and Afrika.
The leading data centre is recognized as the best regional data centre in the Eastern and Central Europe. The company is a member of the TEO Group, the largest provider of telecommunications, IT and digital TV services in Lithuania. Baltic Data Centre (BDC) provides services to customers in Lithuania, Latvia, Estonia, Finland, Poland, Denmark and Japan. BDC operates five modern data centres in Lithuania and employs over 180 employees with globally recognized competence certificates.
Computer Sciences Corporation (CSC) Baltic, the global leader in IT services, entered the Lithuanian market in 2008. Lithuania was evaluated as the geographically best place for the expansion of business in the Baltic Sea Region. Lithuania was also seen as the country maintaining the successful business relations with Northen European countries.
In 2010, IT and technology coorporation IBM signed a five year agreement with the Government of Lithuania, to maintain IBM’s and Lithuanian scientist’s research. IBM will collaborate with scientists from Vilnius University, Kaunas University of Technology and Centre for Physical Sciences and Technology. IBM’s centre in Haifa, Israel will also cooperate with Lithuanian scientists on a variety of projects.
Manufacturing industry plays a key role in Lithuania’s economic development, employment and exports. Lithuanian policy emphasized the importance of manufacturing and seeks to cooperate with foreign partners and progressive states. Lithuania steps out of other Baltic countries by the much larger share of manufacturing in the economy’s structure. In this regards, Lithuania is closer to some Central European countries like Slovakia, Germany or Czek Republik. Manufacturing is also an industry that is on the top of the priorities list of foreign investors.
Within last years, Lithuania has been successfully integrated into the common network of European logistics and today country is well – connected with the Scandinavia and Central Europe.
The international competitiveness of Lithuania in logistic sector is to a large extend determined by its favourable geographical position – crossroads of North, East and West. Lithuania has become the most important transport centre in the European Union, linking EU with the East. Lithuania also has a wide and well-developed high quality international and national road system. Within next five years, the Government of Lithuania aims to establish public logistics centres in Vilnius, Kaunas, Klaipėda and Šiauliai regions. Logistics centres, integrated in the international transport corridors, will be located close to major railway lines, motorways as well as Klaipėda seaport. Though small in size, Lithuania boasts a 21, 000 kilometer road system, which is known to be the best in the region.