EUR 1 billion & 5300 New Jobs in 2009

Published: 8 April 2010 y., Thursday

Braškių skinimas
Figures recently published in the FDImarkets.com investment monitor database show that 28 foreign companies invested over EUR 1 billion and created 5300 new jobs in Lithuania in 2009. The online database tracking crossborder greenfield investment covering all sectors and countries worldwide FDImarkets.com recorded a total of 35 new foreign direct investment (FDI) projects in the country last year.

In 2009 most of FDI projects in Lithuania were launched by financial services companies (9 projects), food, drink and tobacco enterprises (4), IT companies, as well as metal processing and textile manufacturers (3 each). Most projects were implemented by the Russian (7), Finnish (5), Norwegian and US (4 each) as well as the UK (3) companies.

Managing Director of Invest Lithuania Mantas Nocius says, that despite the global recession, which also severely hit the Lithuanian market, Barclays Bank of the UK set up its world IT centre in Vilnius, and the US corporation Moog launched the development of its new medical devices production facility, regional service centre and R&D centre in Lithuania. The US corporation Computer Science Corporation (CSC) established its foreign customer care center in Vilnius, and Microsoft opened its innovation and training center at Kaunas University of Technology. Also, a number of new jobs were created in the newly built Ozas trade centre. Finally, six industrial FDI projects were successfully accomplished in different cities of Lithuania, e.g. Stansefabriken of Norway started production of metal and automotive parts in Ukmergė in Northeastern Lithuania, the Spanish Cie Automotive began producing parts for electrical and petrol cars in Marijampolė in Southern Lithuania, and the French Eurovia opened an asphalt-concrete plant near the capital Vilnius. The Spanish Gruppo Sopena plans to launch an aluminum parts plant in Alytus Industrial Park.

In January-March of 2010 six foreign companies announced about their investment in Lithuania, including Barclays Bank which is currently establishing its contact and data processing center at its already running IT center, as well as the Irish air company Ryanair launching its first Central European operations base in Kaunas Airport in May.

FDImarkets.com counted 205 foreign companies which invested EUR 5.3 billion and created 34.600 new jobs in 2005-2009 in Lithuania. 

Šaltinis: www.lda.lt
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

Vigil for Norway victims

A candle lit vigil for the victims of the bombing and shooting incident over the weekend. more »

A Man Who’s Never Used a Computer in His Life Tries Internet Explorer

Jennifer Boriss, a Firefox dev, went to the mall seeking test subjects to help improve the browser. more »

Super-foam makes contaminated water fit to drink

Researchers at North Carolina State University have created and eco-friendly super absorbent foam they say could revolutionise efforts to purify drinking water in developing countries and disaster-stricken areas. more »

Greek taxi drivers clash with police

Protesting taxi drivers clash with riot police outside the transport ministry after government talks fail. more »

A different shoe for each and everyday

Israeli student designs a low-cost solution for shoe addicts. more »

Yao Ming retires from basketball

Chinese basketball player Yao Ming announces his retirement from the NBA. more »

Pain molecule discovery opens door to new treatments

Scientists in the UK have discovered the molecule that causes pain in sunburn and say further research could lead to treatments for other inflammatory conditions like arthritis and cystitis. more »

Roving puppeteers tug at heart strings

A travelling puppet theatre charms Lithuanian children as the horse-drawn show brings stories alive on a pop-up stage. more »

Waste coffee grounds add flavour to fabric

A Taiwanese textile company is using waste coffee grounds to make an environmentally friendly fabric that dries fast and controls odours. more »

Swedish family learn to live low-carbon lifestyle

After six months living a carbon-lean life in a specially built house in Stockholm, the Lindell family has returned home to reflect on the lessons learned... more »