ICT Opportunities

An Expert's View about Programming and Software in Lithuania

Last updated: 31 Mar 2011

The Government has been putting efforts in attracting international technological companies to Lithuanian market, developing science and technology parks, encouraging international trade within the companies operating in the sector.

Sector briefing ICT Opportunities in Lithuania Why Lithuania? ICT is one of priority sectors for Lithuanian Government thus it has been active participant in sector?s development over the last years. The Government has been putting efforts in attracting international technological companies to Lithuanian market, developing science and technology parks, encouraging international trade within the companies operating in the sector. ICT as a priority hasn?t gone unnoticed by the education institutions in Lithuania: 1400 IT professionals graduate education institutions in Lithuania, which is the best number per 1000 inhabitants in the EU. Over the last years, ICT sector has mostly Find general information on Lithuanian market grown in the following areas: conditions on UKTI?s website. The Doing - Wholesale of IT equipment and Business Guide for Lithuania gives an overview software. of Lithuania?s economy, business culture, - Software development. potential opportunities and an introduction to - Development of IT infrastructure other relevant issues. projects. Lithuania was second in the World against the internet download 1 and upload speed in Feb 2011. - Steady growth of telecommunication sector. Mobile penetration reached 2 150.1% in 2010 Q3. 1 Speedtest.net (www.speedtest.net) 2 The Communication Regulatory Authority (www.rrt.lt) UK Trade & Investment Sector briefing: ICT opportunities in Lithuania Opportunities UK/World known companies in Lithuania Rapid changes in ICT sector have formed a solid basis for further developments in ICT Highly skilled IT professionals, well developed field. However, though some areas are very ICT infrastructure, supportive Government?s well developed, others still lag behind the EU policy have created an attractive business average offering good business opportunities environment for foreign companies in for UK companies in Lithuania. Lithuania. To mention a few, Bentley Systems, TietoEnator, IBM, Microsoft have chosen E-commerce Lithuanians as partners in software development; Computer Sciences Corporation There were over 500 online shops registered in (CSC) and Barclays Bank have established the country and 56% of internauts were their IT support centres in Lithuania. making purchases online in 2009. Popularity of online shopping has been growing over the last You can be alerted to business opportunities in years. It is forecasted that 20% of retail trade 3 Lithuania on a regular basis by registering on in Lithuania should be done online by 2015. the UKTI website. Such developments are opening good business opportunities for companies working in the sector. E-based public services Movement of public services to electronic area is among the priorities of Lithuanian Government. IT platforms, which will be used as a basis for further development of public e- services, were selected by majority of public institutions in Lithuania however opportunities to further develop electronic services exist in the market. Mobile services Mobile phones became an integral part of everyday life in Lithuania ? mobile penetration of over 150% is a proof of this. Business opportunities related to various mobile areas: content, marketing and other exist in the market. Niche and specialised ICT products There is a wide selection of general IT solutions available in Lithuania; however there are opportunities to offer niche, specialised ICT products. Other co-operation opportunities With highly educated workforce, well developed IT skills, good knowledge of foreign languages, Lithuania offers good opportunities for companies willing to outsource software development or provision of IT services. 3 Research by Visa Europe; source: magazine Veidas UK Trade & Investment Sector briefing: ICT opportunities in Lithuania Major events and activities UKTI contacts ICT Outward Trade Mission to the Baltics Laura Lescinskiene Contact: Laura Le??inskien? Senior Market Adviser E-mail: laura.lescinskiene@fco.gov.uk British Embassy Vilnius Time: planned in autumn 2011 Tel: (00370 5) 2462927 Description: a group of ICT companies from Email: laura.lescinskiene@fco.gov.uk the UK will visit Lithuania, Latvia and Estonia in www.ukti.gov.uk one week. Mission participants will take part in joint networking events, briefing as well as individual business meetings. Trade Associations Association Infobalt www.infobalt.lt Address: Akademijos str 2 - 519/520, LT- 08412 Vilnius, Lithuania Tel: (00370) 5 2622623 E-mail: office@infobalt.lt Contact: Mr Edmundas ?virblis, Executive Director E-mail: zvirblis@infobalt.lt UK Trade & Investment Sector briefing: ICT opportunities in Lithuania Next steps - How UKTI can help ? Arranging appointments British companies wishing to develop their ? Organise seminars or other events for business in the Lithuanian market are advised you to meet contacts and promote your to undertake as much market research and company in the Lithuanian market planning as possible in the UK. UKTI?s team in Lithuania, with its wide local knowledge and This work is available via our Overseas Market experience, can provide a range of services to Introduction Service (OMIS) a chargeable British-based companies wishing to grow their service which assists British-based companies business in the Lithuanian market. wishing to enter or expand their business in overseas markets. This can include: ? Provision of market information To find out more about commissioning this ? Validated lists of agents/distributors work, or accessing other UKTI services and ? Key market players or potential specialist advice, please visit the UKTI website customers in the Lithuanian market to find contact details for your local UKTI ? Establishment of interest of such office. contacts in working with you Whereas every effort has been made to ensure that the information given in this document is accurate, neither UK Trade & Investment nor its parent Departments (the Department for Business, Innovation & Skills, and the Foreign & Commonwealth Office), accept liability for any errors, omissions or misleading statements, and no warranty is given or responsibility accepted as to the standing of any individual, firm, company or other organisation mentioned. Published 2011 by UK Trade & Investment. Crown Copyright © UK Trade & Investment Sector briefing: ICT opportunities in Lithuania
Posted: 29 March 2011, last updated 31 March 2011