LITHUANIA> German based Continental is set to construct a manufacturing plant in Lithuania investing €95 million ($112 million)

Continental logo To expand its automotive electronics production footprint, automotive technology company Continental is set to construct a new manufacturing plant in Lithuania. Specially to increase the production of electronic components for European markets, the company has chosen the Kaunas region and is scheduled to open in the middle of 2018. The €95 million ($112 million) investment is scheduled for the next More …

LITHUANIA > Sweden based Telia set to establish Center of Excellence in Vilnius, Lithuania

Telia logo To provide a wide array of services to companies in the Telia Group, Sweden based Telia is set to establish a Center of Excellence in Vilnius. The center will provide IT, tech and other internal services to Telia offices in Northern Europe, Central Europe and Central Asia. Located in the K29 business center in Lithuania’s capital, the office is set More …

LITHUANIA > Singapore based InstaRem obtains EMI license for Lithuania and plans to hire 25 employees

InstaRem logo InstaReM, a startup financial technology firm, got approval from Bank of Lithuania for Electronic Money Institution (EMI) license to provide international money transfer services in Europe from Vilnius. InstaReM plans to hire 25 Information Technology and Customer Service specialists by the end of the current year. Established in 2014, InstaReM currently has more than 100 staffs providing services in Australia, More …

LITHUANIA > Japan based Yazaki expands its production capacity at Klaipėda, Lithuania

Yazaki logo For producing wire harnesses for Daimler (Mercedes-Benz), Yazaki is expanding its production capacity at Klaipėda, Lithuania employing 400 new employees both as production line workers and specialists such as engineering staff, technologists, electronic specialist, automation specialists and electrical engineers. The company also plans to provide qualifications and licences required for all new employees. The plant in Klaipėda produces wire harness More …