Invest Lithuania, the government's agency in charge of attracting foreign investment, has sealed 19 foreign direct investment (FDI) projects this year. Over the coming three years, these investments are expected to create 1,800 new jobs, the agency said.
Invest Lithuania secures 19 new FDI projects in 2016, promising 1,800 new jobs
© DELFI / Domantas Pipas

"When it comes to foreign direct investment projects, the first six months of this year have been the period of qualitative development for clusters," Invest Lithuania CEO Mantas Katinas said in a statement.

"This is particularly evident in business centres and cyber security clusters. Companies in these sectors entrusted our specialists not only with functions that are new in the Lithuanian market, but also with developing new products."

The future projects include new service centres of Sweden's Swedbank and Finland's steel giant Outokumpu; Nasdaq has decided to expand its existing service centre.

Three investors have decided to develop their cyber security products in Lithuania: Canada's Arc4dia in Vilnius, Zenedge and Cujo in Kaunas.

Industry is another sector to attract foreign investment, according to Katinas. Denmark's Dovista Group, manufacturer of windows and doors, has decided to build a plant in Marijampolė, western Lithuania. The company is to invest €50 million into the facility over the coming four years and employ some 300 people in Lithuania.

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