Moody’s Corporation has chosen Vilnius, Lithuania as the location for its newest European office. Moody’s provides credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moody’s expects to grow its new office over the next few years and chose Vilnius over a number of other European cities. Hiring of staff in Vilnius is expected to start in January, 2019, a press release from Invest Lithuania states.
© Reuters/Scanpix

“After long and careful deliberation, we chose Vilnius because of its educated and multilingual talent pool, its highly-developed IT infrastructure and its business-friendly environment,” said Duncan Neilson, SVP HR Regional Lead EMEA. “Given our goals of hiring diverse talent and further developing our automation and cyber security capabilities, choosing Lithuania as our newest EU location makes good business sense.”

The scope of this investment project covers such important positions that provide support for our ratings and research businesses and operations in areas such as finance, human resources operations, information security, and information technology. Moody’s expects to initially fill the roles with both recent graduates in junior roles, and experienced candidates in senior roles.

“Moody’s business in Lithuania will be the biggest project we have seen in terms of sophistication of functions and projected growth in the business services sector. This project is as important to the country’s business services sector as last year’s major automotive investments were for the manufacturing industry. This investment will propel the sector to a higher level and will help Lithuania to become a leader of the business services sector in Central and Eastern Europe,” said Virginijus Sinkevičius, the country’s Minister of Economy.

“Throughout the selection process, I was highly impressed by the level of engagement, cooperation and support we received from Invest Lithuania,” concluded Mr. Neilson.

Hotel market reaches limits for some locations, whereas others still have untapped potential

Inviting foreign guests or business partners to Vilnius today, you should have no problem finding...

Lithuanians shop online more than Latvians, Estonians

The Lithuanians shop online more than the Latvians and Estonians, a new survey by the SEB bank...

Customs officers detain smuggled cigarettes worth almost EUR 2 mln in Kybartai

Lithuanian customs officers detained a shipment of smuggled cigarettes worth almost 2 million...

Agriculture Minister: diesel fuel tax exemption for farmers will stay

The Lithuanian government will not cancel the existing diesel fuel tax exemption for farmers, the...

Ruling block backs bid to ban flavored e-cigarettes

Lithuania's ruling parties back the opposition's initiative to ban flavored e-cigarettes , their...