We plan to open two settlement centres between the European Union and China. Lithuania was chosen as one of the two locations due to the broad approach of Lithuanians, friendly officials, and recommendations from Chinese companies investing in Klaipėda,” says Luo Feng, the CEO of International Business Settlement Limited in an interview with business daily Verslo Žinios. He shares what has been achieved so far and gives some advice to Lithuanian companies entering the Chinese market. – We spoke more than a year ago in June 2015. What has been achieved since then? We have achieved a lot during this time. The clearance system to handle settlements between China and the European... More

The company's manager is on the week business mission to Iran, where the meetings with Iranian businessmen, public authorities are held, in order to present Consultus Magnus services and promote Iran's investments to Lithuania. More

Lead Aero, a company based in France which represents Maintenance, repair and overhaul (MRO) equipment manufacturers, is to open a branch in Vilnius. The rapidly growing company, which records annual turnover growth of 70%, will use the Vilnius office to provide services to its customers in Eastern and Central Europe. According to Lead Aero’s manager Amir Mekhaeil, the company chose to set up in Lithuania not only because of the country’s growing economy, but also because of the strong development of its aviation industry. “Due to its convenient geographical position, Lithuania is a great country for developing our business,” commented Mr Mekhaeil. “It... More

The largest of the three Baltic States, Lithuania has changed dramatically in 20 short years, moving away from the shadow of Soviet rule to build up a buoyant market economy and become a hotspot for start-ups from around Europe, as Colette Doyle discovers Lithuania is currently among the fastest-growing countries in the EU, with GDP forecast to increase by two per cent year on year, having grown by 3.3 per cent in 2013. The country is the second most favourable country for investment in Europe according to the Foreign Policy Baseline Profitability Index, it can boast some of the lowest office rental costs in the whole of Central and Eastern Europe and has the fourth lowest profit taxes ... More

The Lithuanian government has approved amendments to migration law that will make it easier for Lithuanian employers to recruit top specialists from abroad. The amendments, which were initiated by Invest Lithuania and are based on recommendations from key foreign investors, are aimed at improving talent attraction and creating more favourable conditions for foreign startup entrepreneurs. The amendments to the Law on the Legal Status of Aliens have now been passed to the Seimas (Lithuania’s Parliament) for consideration. The new legislation includes a range of measures aimed at streamlining the migration process and attracting top talent in key industries. Major changes to the curr... More