Welcome to Lithuania! Growing source of ICT solutions, innovations and business development “...

Welcome to Lithuania!

Growing source of ICT solutions, innovations and business development

“Infobalt” – “Infopark” meeting, Vilnius, 24/04/09

Balance• Lithuania is located in Lithuania is located in

Geographical Center of Geographical Center of EuropeEurope

– Jean-George Affholder, French Jean-George Affholder, French National Geographic InstituteNational Geographic Institute, ,

19891989

11 hr. shift from Moscow, hr. shift from Moscow, Berlin, Brussels and Berlin, Brussels and Madrid. Madrid.

77 hrs. shift from Tokyo hrs. shift from Tokyo and New Yorkand New York

Lithuania

LITHUANIA

“Not only the size but history of Lithuania was bigger”

• Last pagan state in medieval Europe;

• Lithuania was the largest county in Europe not because of the conquest, but because of the diplomacy.

• Europe’s biggest trading empire in the 15th century (from Moscow to the Black Sea)

brave nation

brave’ isn’t something you say, it’s something you do

“We were first to announce independence from the Soviet Union. That was perfectly natural for us…”

reliable

Most interesting country for investment in Northeast Europe for its size, self-sufficiency, strong national identity, colorful history, emotionally fulfilling place, superior infrastructure, remarkable work ethic, notable cultural creativity, good location in between Western and Eastern Europe and Russia;

In the 1940 the standard of living in Lithuania was higher than in Finland

Half of the Baltic economy (50% GDP) is in LT

Best quality roads in Northeastern Europe

Less obstructive past and a potential brighter future than many of its “new EU”

Vilnius has never been ”mono” city

• Vilnius is the right sized city (a bit bigger than Helsinki)

• Vilnius is the northernmost baroque city in Europe in the last Catholic country in the east.

• One of the greenest capitals in Europe (40% grass and space)

Vilnius: Lively and romantic. Comfortable and

familiar.

• Closest European capital to Moscow• It has 14 confessions and 10 saints (5 ethnicities could claim as a native city)

Situation and membership

• Lithuania is member of

– World Trade Organization since May 31, 2001– NATO since March 29, 2004– European Union since May 1, 2004– Schengen Agreement since 21 December 2007.

• Lithuania is the most progressive EU member state in terms of harmonization of its national law with the EU legislation

Lithuania shortly• Lithuania was one of the Soviet

Union’s major technology centers

• European Business ethics and EU regulations apply

• Lithuania is culturally and technologically sophisticated

• Direct, firm and determined. Love innovations– Region leadership in retail,

biotechnology, laser industry, ICT, policy, art synthesis and sports.

Society of educated people

• 2x average EU-15 in population with higher education

• 90% of Lithuanians speak at least one foreign language

• 50% of the population speaks 2 foreign languages (mostly Russian and English or Polish)

Source “Invest in Lithuania”

Lithuania in Europe’s 500

• 2007– “Lithuania shows impressive growth performance: 23

companies from Lithuania are amongst these top performing companies, a dramatic increase from the 4 companies listed last year.”

– “The newer EU Member States are well represented: 43 companies from 7 of the newer Member States countries are amongst Europe’s top performers.”

Lithuania scores 23 of 43!– The annual Europe’s 500 Listing identifies 500 of the most innovative,

growth-focused and entrepreneurial, mid-size companies from across 28 European countries: 25 European Union Member States plus Iceland, Norway and Switzerland.

Fast 2 adaptation

• First in EU to implement the mobile signature solutions– Bank account management– Fixing of electronic signature to documents by mobile phone.

• E-banking systems are used by over 80% of internet users.

Lithuanians are adopted to live and work in environment of dramatically fast changes

Attractive prices

• Vilnius is the second lowest-cost European capital (ECA International)

• Lowest mobile communications service prices comparing to all EU countries

(European Commission’s report 2005 about electronic communications markets and regulation)

• Minimal vacancy in A and B class office space (Colliers Int.)

– Class A office rent – 18 EUR/sqm – among the lowest in Europe

is recognised as cost effective test market for emerging technologies

Lithuanian ICT sector

Lithuanian ICT in short

• About 120 enterprises are members of InfoBalt association

• Almost 2.000 ICT companies operate in Lithuania

• More than 15.000 ICT specialists

• 23.000 persons employed in ICT sector

InfoBalt

Members120

ICT companies2’000

ICT specialists15’000

Persons employed in ICT sector23’000

Engineered in Lithuania

• MagicDraw UML by NoMagic (www.magicdraw.com)– Trusted brand among USA Global 500, NASA, and others– The worlds first UML tool based on Java for variety of OS (since

1998) – Lithuanian R&D, development and product management– Distributed in 70+ countries

• MADI (Mobile AD Injection) by GetJar Baltic– Advertising distribution for mobile platform– 80% customers based in Silicon Valley (USA)– Used worldwide (incl. Yahoo & Google)

• Cellular Expert by HNIT-Baltic

Cellular Expert by HNIT-BalticCellular Expert – Wireless network planning, design, optimization and data management solution

Lithuanian IT serves to…

World outsource to Lithuania

• From Fortune 500• From Top 100 IT Services Companies in USA (Inc.com)• Global Outsourcing 100 by the International Association for Outsourcing Professionals.

What Do They Say…

• “…Your work is very professional & articulate, I appreciate working with people who care about what they do!”

Michael Gyler, Vector project, Bentley Systems(12 years of outsourcing in Lithuania)

• “To be honest we will grow as much as Lithuanian labor recourses allow”

Mary Jo Morris, president CSC World Sourcing

Welcome to Lithuania!

Your first contact in Lithuania for ICT solutions,

innovations and business development –

“InfoBalt” www.infobalt.lt

Let us serve you according to the best European traditions and

be2gether !