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ICT

Lithuania has the largest ICT industry in the Baltic States with an outstanding potential both for local as well as foreign expanding businesses.

13 out of the 20 largest IT companies in the Baltic States are based in Lithuania. The Lithuanian GetJar, being the world’s first multi-platform mobile application download provider from 2005 and now the world’s second largest mobile application store with over 1 billion downloads to date (more than Nokia, Microsoft, Samsung, LG and less than only Apple), as well as the winner of the prestigious Mobile Excellence.

Award for Best Mobile Service, has been recently awarded by World Economic Forum as one of the 4 world’s most innovative Technology Pioneer 2011 companies to have a great impact on business, economics and society worldwide. IljaLaurs,founder and CEO of GetJar, was listed one of the 40 most influential leaders in the world’s mobile communication industry in 2009 by Informa Telecoms & Media. Also, Pixelmator, currently ranks as the fourth best-selling mobile application creator on the Mac App Store, trailing only Apple’s ownapplications.

There are more than 20,000 IT professionals employed on the market with an additional generation of around 4500 studying IT curriculums in 15 higher education institutions across the country.

Lithuania has world’s 2nd speediest upload Internet, Europe‘s No. 1 fiber broadband penetration (23 %), EU’s greatest mobile penetration of 147%, and is world’s No. 1 in the number of mobile telephone subscribers per 100 population - 3.4 million of Lithuanians use almost 5 million active SIM cards as well as global leader in mobile e-signature.

It is expected that by 2015 products of IT, laser technologies, biotechnologies, nanotechnologies and materials science will constitute 25 % of Lithuania‘s GDP and 80 % of national export.

Source: Invest Lithuania

Key Industry Sectors

Image 1 ICT EU's fastest internet and greatest fiber broadband penetration.
Image 2 Biotechnology One of the most sophisticated in Central and Eastern Europe.
Image 3 Lasers and Electronics More than half of the global market of pico-second laser spectrometers.
Image 4 Metal Processing Supplies companies such as Volkswagen, Volvo, SAAB, Renault, Yazaki.