Vilnius – the first capital of the Baltic States, which has become a member of Startup City Alliance Europe

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Vilnius is the first city in the Baltic States and the entire East-Central Europe region, which has become a full-fledged member of the Startup City Alliance Europe (SCALE). The application of “Go Vilnius” for the membership of Vilnius city was approved in the meeting of the alliance held in Kiev. SCALE has been developing a system, which helps European start-ups Read more

World Courier is expanding its activities

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The global specialized logistics leader World Courier opened its office in Vilnius this December. The company plans to develop logistics services and establish a regional financial service centre in Lithuania. World Courier is the subsidiary of the global pharmaceutical corporation AmerisourceBergen, which currently ranks 11th in the Fortune 500 list of America’s largest enterprises. The World Courier office opened up Read more

Vilnius will establish an innovation industrial park, creating 1 000 highly qualified jobs

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The Vilnius Council approved the proposal to establish the Innovation Industrial Park of Vilnius. The new industrial park will be set up near Nemenčinė Highway, in Vismaliukai, in the territory of the former military polygon. Manufacturing companies creating well-paid jobs and developing high-value-added technologies   will be invited to set up in the park. The establishment of another industrial park in Read more

A tourist tax will open up new prospects for tourism development in Vilnius

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Today, the Vilnius City Council approved the introduction of the so-called tourist tax by the majority of its votes. Calculations have been made that having introduced this tax, the budget of the capital city should increase by about 2 million euros per year starting from 2019, while the collected funds would be allocated to increase international competitiveness of the city Read more

Business, art and technology brought together at Live Square space on Gediminas avenue

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The future-inspired present reality space serving as the grounds for clustering between business, art and technology and for an exchange of knowledge and ideas – this is the vision that is behind the creation of the open space Live Square on Gediminas Avenue in Vilnius. In the celebration of the synergy between the technologies and art, a time capsule “is Read more

The global sports technology leader opens up a new technology hub in Vilnius

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Genius Sports, a global leader in sports technology and trusted partner to the International Basketball Federation (FIBA) and the English Premier League, is expanding its operations in Vilnius with plans to create more than 100 jobs for software developers and data analysts over 12 months. Headquartered in London and across 16 locations worldwide, Genius Sports provides sports data technology, distribution Read more

Agricultural Equipment Manufacturer Kinze Expanding in Vilnius: Will Develop Technologies for the Internet of Things

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The US agricultural equipment manufacturer Kinze is expanding its operations in Lithuania by establishing an electronic product development centre in Vilnius. Over the next three years, the company plans to hire 25 highly-qualified electronics professionals and programme system engineers in the new centre. “The decision to set up one of our most important centres in Vilnius was taken very quickly. Read more

Schüco Increases its Activities in Vilnius

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Schüco, a German manufacturer of windows, doors, and façade systems, creates a centre of engineering services in Vilnius. The company plans to build a team of construction and mechanical engineering professionals, which will provide services to the clients of the company in Northern Europe. “Lithuanians have been creating and manufacturing products for the markets of the Scandinavian countries for years; Read more

Sentiance, Artificial Intelligence Innovators will Open a Research and Development Unit in Vilnius

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The Belgian company Sentiance which is developing an artificial intelligence-based technology for studying human habits is settling in Lithuania. Over the next three years, the company plans to recruit about 30 data scientists and highly qualified software system specialists in the new Vilnius R&D unit. “We made the decision to settle in Lithuania, seeing the skills and abilities of the Read more

Mayor: significant investments coming to Vilnius from Germany

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Mayor of Vilnius Remigijus Šimašius has met earlier today with investors from the German company Homanit Holding, who announced buying part of AB Grigeo business for the development of larger-scale production. The meeting was attended by Grigeo President Gintautas Pangonis and the owner of the German company Homanit Holding GmbH, Fritz Homann. “We are happy to have smart companies as Read more

Vilnius Is Being Introduced on One of the Largest Travel Organisation Platforms

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This autumn Vilnius is being introduced to tourists on one of the world’s largest travel organisation platforms Expedia. The platform uniting a number of well-known travel websites such as Hotels.com is one of the most popular travel organisation tools among European and American residents. “Expedia is very popular among travellers, however, so far Vilnius was only little visible on the Read more

Fintech Revolut Settles in Lithuania With Local Office and Team

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Revolut hires local team in Vilnius to boost the Baltics market. Innovative fintech targets 100,000 Lithuanian customers by end of year. Vilnius-based team will also focus on Latvian and Estonian markets. Revolut has taken a further step towards positioning Lithuania as a key market as the innovative fintech announces the launch of a Vilnius-based office and team. The Vilnius-based team Read more

At real estate auctions, the City of Vilnius sold property for EUR 2.5 million

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The municipality of the capital, having first in Lithuania started selling its real estate through public electronic auctions, during the first six months of this year sold property no longer in use for 2.5 million euros. One of the largest objects thus disposed of this year is an administrative building at M.K. Čiurlionio St. for 353,000 euros, and non-residential premises Read more

Chinese businessmen plan investment in the Vilnius IT sector

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Chinese businessmen in cooperation with their Lithuanian partners intend to establish an investment fund worth up to 10 million euros; the purpose of the fund is to invest in Lithuanian IT and high-tech start-ups, biotechnology and laser industries. That was the subject-matter of discussion at the meeting in Vilnius with a group of highly influential investors, ‘business angels’ from China. Read more

Danish IT firm operating global online review platform to establish development team in Vilnius

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Trustpilot, considered one of Denmark’s most promising startups, is establishing a product development division in Vilnius. In the next two years, the company, which operates one of the world’s largest online review communities, plans to build a team of approximately 40 software system engineers in the Lithuanian capital. Initially, this team will be responsible for the infrastructure of big data Read more

The Largest ICT Hub In The Baltic-Nordic Region Opens In Vilnius

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Vilnius Tech Park, the largest ICT hub in the Baltic-Nordic region, was opened in the Lithuanian capital on November 16. The park is located in the grounds of a renovated 19th century hospital in the city’s Antakalnis neighbourhood, and is spread across 80,000 square metres. Vilnius Tech Park has the capacity for over 700 working spaces for freelancers and startups. Read more

Vilnius is going to house a modern hotel of the world’s largest “Marriott” hotel chain

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A franchise agreement between the real estate investment company “Hanner” and representatives of the world’s largest “Marriott” hotel chain was signed on November 9, 2016. In the Baltic States this is the first hotel of this international chain. The signing procedure was followed by the announcement of a 4-star Courtyard by Marriott hotel to be opened in Rinktinės street. Moreover, Read more

Vilnius: Fast And Open To Video Game Developers

Vilnius Mayor Šimašius welcomes guests to GameOn 2016

Speaking at the 2016 GameOn video game conference, Vilnius Mayor Remigijus Šimašius encouraged game developers to bring their big idea to Vilnius. GameOn 2016 will take place between October 29 – 30 at the LITEXPO exhibition and congress centre in Vilnius, and promises to showcase the best of video game culture in the Baltic-Nordic region. “Without doubt, Vilnius will be Read more

The First International Conference of Service Centers in Vilnius, the City of the Future Europe

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The first international conference of service centers “Baltic SSC Conference” that will last three days has started in Vilnius, which has developed the strongest cluster of service centers in the Baltic States.  In the conference organized in the region for the first time the most important representatives of the sector will exchange ideas and discuss the challenges of the transformation Read more

Kilo.lt to bring its healthy lifestyle revolution to Vilnius Tech Park

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Kilo.lt, one of the first healthy lifestyle startups in Lithuania, has joined Vilnius Tech Park. The company, which has already been helping its clients to lead healthier lifestyles for three years, will also aim to improve the lifestyle of the startup community in the park. Personalised wellbeing solutions Kilo.lt provides personalised nutrition and fitness solutions online to help its growing Read more

Submission deadline for Vilnius Multifunctional Hub concession project has been extended to 8th of November, 2016

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Submission deadline for Vilnius Multifunctional Hub concession project has been extended to 8th of November, 2016. Key information on Vilnius Multifunctional Hub concession project is presented below: • At least 15,000 seat stadium. • Up to 1,500 square meters of space for a sports museum. • Educational facilities (kindergarten with capacity of at least 300 students). • Facilities for football, Read more

First Radisson RED Hotel in Vilnius To Open Doors by 2020

Vilnius Mayor Remigijus Šimašius (left), Lords LB Asset Management fund manager,  Marius Žemaitis (center),  VP of Business Development for Carlson Rezidor Hotel Group, David Jenkins (right)

  Rezidor, one of the most dynamic hotel groups worldwide and a member of the Carlson Rezidor Hotel Group, is proud to announce the signing of the first Radisson RED in the Baltics, Russia & CIS region. The hotel will be in Vilnius city center, next door to the existing Radisson Blu Lietuva hotel, and only a short walk from Read more

Lithuania’s shared services sector records 12% growth

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Personnel levels in Lithuania’s shared services sector have increased by 12% this year. And with 7 new centres established in the last 12 months, there are now a total of 50 shared services centres operating in Lithuania. The latest figures on the sector, taken from an annual survey conducted by the foreign investment development agency Invest Lithuania, reveal that shared Read more

Quadrum Vilnius Aims To Set Benchmark For Business Centres Across The Baltic States

On September 29, 2016, the Quadrum “Business City” opened its doors on the northern bank of the Neris river in Vilnius. Located at 21 Konstitucijos Avenue, Quadrum covers approximately 74,000 square metres (44m2 office space, and 30,000 m2 parking) and is operated by the Schage Real Estate of Norway, a subsidary of the Norwegian Schage Group who have invested EUR Read more

Turkish Airlines to open service centre for Nordic region clients in Vilnius

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One of the biggest airlines in the world, Turkish Airlines, is opening a customer service centre in Vilnius to service its clients in Scandinavian and Baltic countries. According to Hasan Serkan Binyar, general manager of the Lithuanian branch of Turkish Airlines, the presence of well-qualified specialists with Nordic language skills was an important factor in the company choosing Lithuania. “We Read more

Presenting Vilnius Smart Park – The Newest Addition to the Lithuanian Capital’s Innovation Ecosystem

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Set in a lush forest area not far from the Vilnius University’s east-end campus, the Vilnius Smart Park – one of the largest technology park projects in Lithuania – opened with a presentation of the first several buildings, and plans for future development. Scheduled for completion by 2022, the Vilnius Smart Park will be the newest addition to the city’s Read more

EIB to support Vilnius’ urban investment programme

EIB Vice President, Jan Vapaavuori (left), and Vilnius Mayor, Remigijus Šimašius (right), sign the agreement

The European Investment Bank (EIB) and the Municipality of Vilnius have signed the first EUR 25 million tranche of a EUR 50 million loan facility in support of the city’s investment programme for the coming years. In particular the financing will be used for investments in urban infrastructure renewaland the construction of the Western bypass. The investment programme of the Read more

Invitation to participate in concession tender for Multifunction Centre

The future site for the multipurpose sports complex in in Šeškinė

Vilnius City Municipality and Department of Physical Education and Sports under the Government of the Republic Of Lithuania invite investors to participate in concession tender for Multifunction Centre. The tender documents (including unofficial English version of the documents) could be found here. Participants are invited to submit participation request through the CVP IS (https://pirkimai.eviesiejipirkimai.lt/) until 7 October, 2016 at  13:00 Read more

Reach for Change to connect social enterprises with IT entrepreneurs by joining Vilnius Tech Park

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Reach for Change, an independent global nonprofit organization that originated in Sweden, is furthering its work to unite the business and social sectors by joining Vilnius Tech Park, the biggest startup hub in the region. When business and the social sector meet Reach for Change was originally founded as a partnership between the Swedish social entrepreneur Sara Damber and entrepreneurial Read more

“Master Class Lithuania” bring their executive search services to the Sapiegos community

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“Master Class Lithuania”, one of the leading executive search firms in Lithuania, is to join Vilnius Tech Park’s business development network. “Master Class Lithuania” experts will assist members of the Sapiegos tech park community in finding and recruiting co-founders and C-level managers. Promising conditions for attracting top talent Founded 7 years ago, “Master Class Lithuania” has a wealth of experience, Read more