Electronic payment system company PayPal is interested in investment opportunities in Lithuania, says Lithuanian President Dalia Grybauskaitė's adviser after a meeting with the company's representative in Davos on Thursday.
© Reuters / Scanpix

Adviser Nerijus Aleksiejūnas said he briefed PayPal vice-president Richard Nash on Lithuania's efforts to become a regional fintech center.

"The PayPal vice-president inquired about investment and cooperation opportunities, as well as the business climate. It was a superb chance to present Lithuania as an emerging regional fintech center," Aleksiejunas told BNS in a telephone interview from the Swiss ski resort.

The diplomat said that in Davos he had also met with vice-president of the Dutch electronics corporation Philips, Jan-Willem Scheijgrond.

Aleksiejunas said he could not elaborate on the plans of the two companies in Lithuania.

Grybauskaitė is in Davos for the traditional World Economic Forum where political and business elite are anxiously waiting for US President Donald Trump to make a speech amid heightening concerns about his perfectionism.

On Thursday, the Lithuanian president also meet with top executives of the Organization for Economic Cooperation and Development (OECD) and the European nuclear research organization CERN. Lithuania expects an invitation to join OECD this year after officially becoming an associated CERN member earlier this year.

Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Why Lithuanian companies are investing in Belgium

While Lithuania might claim to be the geographic centre of Europe, “Belgium is at the heart of...

Foreign investors in Lithuania still face red tape but overall conditions good - president

Foreign investors in Lithuania are somewhat hampered by bureaucratic red tape, but overall conditions...

Lithuania to raise salaries for doctors, teachers, increase child money - PM

In the presentation of the tasks for the parliament's spring session on Saturday, Prime Minister...

Nordic production in Panevėžys and Biržai, old skills, bright future

Knitting, welding and metal bashing are probably not high on the list when most discuss the jobs of...

Lithuania has to increase investment in human capital - European Commission

The European Commission identifies increasing investment in human capital and boosting productivity...