Communication / ICT in Lithuania
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LITHUANIA, 2015/06/08
Lithuania's ICT sector is evolving, full steam ahead. An increasing number of companies have arrived in the country, drawn by its infrastructure, people, and business-friendly mindset. With some of the fastest and most affordable internet connections in Europe and a tech-savvy people ranking 16th in the world for ICT skills, Lithuania has recently attracted giants such as Google, exchange group Nasdaq, and AIG to set up shop.
The country hosts 13 of the 20 major IT companies in the Baltic States, while local estimates predict IT, laser technologies, biotechnology, nanotechnology, and materials science will account for 25 % of the country's GDP this year, and 80 % of the country's exports. Lithuania's economy grew by 2.9 % in 2014 and is expected to experience a 3.6 % increase in 2015, consultantcy EY estimates. What's additional, in January this year, Lithuania become part of the Eurozone.
