Our weekly selection of the TOP news about Lithuania (24-03-15)
We invite you to check out our weekly selection of the TOP news about Lithuania:
Europe’s Emerging Biotech Hub: Vilnius Set to Host the Continent’s Largest Facility (Lithuania.lt)
Northway, a leading Lithuanian biotechnology, and pharmaceutical group, has officially commenced the ambitious endeavour of constructing Europe’s largest biotechnology hub, known as Bio City, in Vilnius. Vladas Algirdas Bumelis, the CEO of the group, emphasized the significant impact of such facilities and investments in life sciences on the nation.
Lithuania – a growing cybersecurity hub for global businesses (Invest Lithuania)
This has not only made cybersecurity one of the fastest-growing markets within the technology sector, but also put it high on the agenda of both governments and businesses. Lithuania is no exception: the ever-present need to protect critical infrastructure, business environment, and citizens from online attacks has led the country to strengthen its national cybersecurity capabilities. Meanwhile, multiple Global Business Services & ICT centers in Lithuania have added cybersecurity to the list of sophisticated functions they deliver to their global organizations.
Lithuania lacks talents capable of creating high added value and contributing to enhanced competitiveness of the economy. According to a survey of more than 120 employers in the information and communication technologies (ICT) sector, companies operating in ICT alone are ready to recruit at least 7600 specialists by 2025.
Northway Group is embarking on a project to establish Europe’s largest biotechnology hub, BIO CITY, in Vilnius, the capital of Lithuania. It includes 6 large biotechnological complexes – 4 state-of-the-art GMP manufacturing plants and 2 advanced scientific research centres – that will be built in an area equivalent to 10 football fields. The total investment for this biotech campus is projected to reach approximately 7 billion euros over the next decade.
Fintech finds its promised land in Lithuania (El Pais)
The Baltic country has the fastest growing start-up ecosystem in Europe, and is already home to 263 financial technology companies
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