Technology

Lithuania has become a regional center of excellence for global technology companies looking to  harness the quality competences the country has to offer – whether it’s  in the fields of software engineering, AI-driven solutions, fintech product development or compliance & AML. And the sector is not only rich in expertise, it’s also a hub of innovation.  Lithuania has one of the fastest growing startup ecosystems in the region. The number of start-ups has more than doubled over the last decade to 1000 and there are now over 200 Fintechs operating here, making it the 2nd largest Fintech hub in Europe by number of licensed companies.

Lithuania is home to an IT talent pool that continues to grow year by year. Universities are the main drivers of this growth, working closely with the Lithuanian IT sector to deliver programs that produce a constant flow of industry ready professionals.  Complementing this flow are the growing numbers of skilled Lithuanians returning from abroad, and the junior developers entering the market every year thanks to retraining programs. Not only that, the country is also becoming a lure for young international professionals looking to kickstart their careers. Lithuania’s highly educated, skilled and multilingual workforce is a key factor for companies choosing Lithuania to develop and scale their global IT businesses.

Lithuania is a place where global technology companies can innovate at a massive scale. In addition to a diverse talent pool, cutting-edge research from top universities and attractive R&D tax incentives, you get government-level support of innovations via sandboxes across different sectors. These sandboxes allow companies to test and pilot new projects, improve their technology and showcase their products to a functioning market. With world-class infrastructure and a goals-driven talent pool, global IT players have everything they need to nurture innovative solutions to match the challenges of tomorrow.