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BNS: LITHUANIAN ECONMIN EXPECTS TO MORE FOREIGN INVESTORS FOLLOW BARCLAYS

VILNIUS, Oct 05, BNS - Economy Minister Dainius Kreivys said on Monday that an investment agreement with the UK bank Barclays was only a forerunner as the government was in talks to attract several other foreign companies to Lithuania.

"We have proved that we have certain competencies in the fields of knowledge and economy. [Barclays] is the first robin of the spring; we have superb specialists and infrastructure. We are currently in talks with several other banks. The IT sector is a priority for us," he said at a news conference. Kreivys was speaking after a ceremony in which he and Frits Seegers, the head of retail and commercial banking at Barclays, formally endorsed an investment agreement between the government and Barclays Technology Centeron the establishment of an information technology center in Vilnius.

Seegers said that Barclays had selected Lithuania because of its high level of science and knowledge. "We chose [Lithuania] from among several countries. When people take a closer look at this agreement, in several year's time they will say that it was the right decision,"  he said.