Lithuania’s ICT sector is evolving, full steam ahead. An increasing number of companies have arrived in the country, drawn by its infrastructure, people, and business-friendly mindset. With some of the fastest and most affordable internet connections in Europe and a tech-savvy population ranking 16th in the world for ICT skills, Lithuania has recently attracted giants such as Google and Nasdaq.
Arminta Saladziene, CEO of Nasdaq Vilnius Services, says the company takes into consideration a range of factors when investing in a country. Among those are technology and communications infrastructure, a well-educated pool of talent, and the quality of life. “Lithuania scores well in all of these,” she says.
Google also opened an office in Vilnius to be closer to the Baltic area. “We’re starting with a small team, but we hope to grow the office further, depending on the dynamics of the local digital ecosystem,” Vytautas Kubilius, Google country business development manager for Baltic States, told ZDNet.
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The rise of Lithuania as a force in IT: Why Google and Nasdaq are investing here