aA
The number of Global Business Services (GBS) centers in Lithuania grew from 70 to 78 last year and the sector created 2,000 new jobs, an increase of 13 percent year-on-year.
Services centers created 2 thousand new jobs last year
© DELFI / Kiril Čachovskij

The industry employed over 17,000 people in late 2018, Invest Lithuania, the government's foreign investment promotion agency, said.

Laisvis Makulis, head of the agency's Business Services Team, says the GBS sector contributes 1.5 percent of the country's GDP.

"It is important to note that we still have room for growth. We are a relatively unsaturated market in the regional context," he said in a press release.

The United States, the Nordic region and the United Kingdom are the main investors in the Lithuanian GBS center. Nordic companies account for 40 percent of all local GBS centers, but the US is the single leading investor with 23 percent.

Ninety-two percent of all GBS centers in Lithuania are multifunctional, performing two or more functions, the agency said.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.

Some 200 new points of sale of illegal tobacco emerged (1)

204 new points of sale of illegal tobacco emerged in Lithuania, with their number going up by a...

Tourism: Lithuania had biggest growth of nights spent in EU

In 2019, the number of nights spent in tourist accommodation in the European Union (EU) is expected...

No contamination found in Curonian Lagoon fish

Tests have found no contamination in fish from the Curonian Lagoon despite the release of untreated...

Debates started to get a grip on environmental polluters

The of Lithuanian Seimas during its extraordinary session on Thursday started deliberating a package...

Lithuanian scientists create new breakthrough technology

Panevėžys Mechatronics Center (PMC) announced about the creation of a new breakthrough technology...

Top news

Skvernelis urges to refrain from attempts to reinterpret WWII consequences (1)

Lithuanian Prime Minister Saulius Skvernelis has urged to refrain from attempts to reinterpret the...

Some 200 new points of sale of illegal tobacco emerged (1)

204 new points of sale of illegal tobacco emerged in Lithuania, with their number going up by a...

Savickas nominated for economy minister

Lithuanian Prime Minister Saulius Skvernelis on Friday submitted the candidature of his adviser Lukas...

No contamination found in Curonian Lagoon fish

Tests have found no contamination in fish from the Curonian Lagoon despite the release of untreated...

Cyber rapid response teams developed by Lithuania began their work

First multinational rotation of the cyber rapid response teams developed by Lithuania began as of...