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Midpoint headquarters as well as the R&D facility is located in Lithuania, EU. Some of our international clients get surprised at the beginning: Why Lithuania? Where is Lithuania? What do Lithuanians know about IT and security?
The answer is simple. Located in the center of Europe, Lithuania has perfect conditions for high-tech industries: very compact, with just over 3 million people, 3 international airports, 22 universities, 24 colleges, top quality education, the highest fiber-to-home penetration rate in Europe, the fastest internet connection in the world, multi-lingual, creative and skilled staff. Just like a Silicone Valley in Europe.
|Lithuania Aims to Secure Mass Tech Investment with Corporation Tax Holiday Ahead of Euro Adoption
Lithuania is the largest economy out of the three Baltic states and is set to become the 19th country in the European Union to adopt the euro. Earlier this month, EU Economic and Monetary Affairs Commissioner Olli Rehn said at a press conference that "Lithuania's readiness to adopt the euro reflects its long-standing pursuit of prudent fiscal policies and serious economic reforms." "This reform momentum, driven partly by Lithuania's EU accession 10 years ago, has led, in fact, to a striking increase in the prosperity of Lithuanians." More>
|Singulus supplies PV production line to Lithuanian optical disc customer
PV equipment specialist, Singulus Technologies, has supplied a turnkey PV production line to a newly formed subsidiary of optical disc manufacturer, BOD Group, located in Lithuania. More>
|Lithuania is offered a
A trip from Vilnius to Kaunas may last only 15 minutes in a couple of years, Russia’s scientist Anatoly Junitsky said. He created a new means of transportation, the sky train. So far, it exists only in the scientist’s projections, an existing plane without wings looking like a train which should ride on a very sturdy string which would be stretched in the sky. More>
|Moving human identifying device was invented in Lithuania
In January, 2013 Vilnius Gediminas Technical University introduced a device, that could identify a moving human by the iris of his eye. This innovation could benefit in the areas, that require specific security, or in other fields, where a big flow of people have to be recognized. More>
|Lithuania’s Economy is on the Increase Trends and Facts
In 2010, Lithuania’s economy was rapidly growing. Though the Lithuanians were not in a hurry to open their purses, exports boosted greatly. Business made use of strengthening of economies of the European countries, found new markets and new buyers. On the whole, the entire industry that was oriented towards foreign trade grew.
The gross domestic product (GDP) was on the increase during all quarters of the year, and the year’s achievements – the 1.3 per cent growth – made the largest Baltic States that was exhausted by the crises really happy. More>
|Laser industry makes Lithuania exceptional in the world
The laser cluster oriented mainly to manufacture of scientific research equipment and facilities outstrips other traditional spheres of manufacture. No other branch of industry in Lithuania dominates the world markets, whereas picosecond lasers created by the Lithuanians constitute half the market, femtosecond parametric light amplifies account for as much as 80 per cent of the world market. Lithuanian lasers are ever more widely used not only in scientific research but they are also being introduced in industry, medicine. More>
|Lithuania among Europe leaders in developing systems of official electronic documents
May 19, 2010, Vilnius. In March 2010 Sintagma UAB, representing a consortium of Sintagma UAB, Affecto Lietuva UAB and Atea UAB, signed the contract with Lithuanian Archives Department for development of Electronic Archive Information System (EAIS). The joint team, having a long-term experience in implementing large and complex projects and high expertise skills in solving tasks related to document management, document archiving processes and electronic signature technologies, will develop a unique not only in Lithuania, but also in Europe information system that will make it possible to submit to the state archives the official electronic documents signed by e-signature, assuring their integrity, authenticity, confidentiality and possibility to use and store them a long or unlimited time. More>
|Europe Approved a Lithuanian Homegrown Cancer Treatment Drug
Filgrastim, which was created at the Lithuanian Company Sicor Biotech/Teva, is moving fast into foreign markets as a result of the European Commission’s license to distribute the preparation in all 27 states of the European Union.
The oncological preparation Filgrastim, which is being manufactured by this biotech company, has been registered under the name TevaGrastim.
This preparation stimulates the immune system and promotes the creation of new white blood cells by the bone marrow. It is administered to patients following chemotherapy or bone marrow transplantation. More>
|Invest Lithuania Opens Office in Silicon Valley
The new office will seek to open new markets for American enterprise in the region, and establish Lithuania as a hub for US-based business on the European continent.
In a new effort to highlight emerging economic opportunities and the potential for American companies to take advantage of a growing market in Eastern Europe, Invest Lithuania announces the opening of its office in Silicon Valley, California. Invest Lithuania, the foreign direct investment arm of the Republic of Lithuania, which is responsible for expanding foreign businesses in this European nation, believes the new office will create a variety of new opportunities, particularly for US-based firms looking to establish or strengthen a presence in Lithuania or in the broader European market. More>
|Lithuanian nuclear power plant OKed, with conditions
The European Commission has issued a favourable opinion for the construction of the Visaginas nuclear power plant in Lithuania. However, it stressed that the plant should remain economically viable, even though two Russian-backed reactors are planned in the vicinity.
The Lithuanian Ministry of Energy stressed in a statement that Visaginas will be the first regional nuclear energy project in the EU’s Baltic region.
It involves three national energy companies in the Baltic States and strategic investors Hitachi and General Electric through their joint venture Hitachi-GE Nuclear Energy Ltd.
The Commission's opinion, issued on 8 June, enables nuclear energy projects to apply for EU financing, the statement reads. It also confirms the project's aim to fulfil the country’s prime energy policy goal - energy independence by 2020. More>
|Fima posts record-high revenue of EUR 47 million
Fima has been Midpoint business partner in Lithuania since 2008!
Intelligent engineering solutions company Fima has reported EUR 47 million in revenue in 2011, an increase of 59% year-on-year. The revenue of the company’s subsidiaries in foreign markets went up nearly five-fold during the respective period to EUR 4 million. The reported financial results are the highest in the company’s history, which spans two decades. Currently, the company and its subsidiaries are implementing contracts worth around EUR 113 million. More>
|GetJar is the world¹s largest free app store with over 2 billion downloads to date. The company distributes more than 350,000 mobile applications for Android and 395,000 developers have registered with GetJar to distribute their apps. In 2011, GetJar was named as one of the ‘Ones To Watch’ by GigaOM Europe. GetJar is headquartered in Silicon Valley with offices in Seattle, the UK and Lithuania. For more information, please visit www.getjar.com|
|VeriEye from Neurotechnology Judged One of the Fastest and Most Accurate Iris Recognition Algorithms in NIST IREX III Evaluation
Neurotechnology's VeriEye Placed in the Top Four for Iris Recognition Accuracy and the Top Two for Speed Among Algorithms from 11 Participating Companies and Universities.
VILNIUS, Lithuania, April 16, 2012 /PRNewswire via COMTEX/ -- The National Institute of Standards and Technology (NIST) has judged the VeriEye iris recognition algorithm from Neurotechnology to be among the fastest and most accurate in a field of more than 86 algorithms and variations from nine companies and two universities in the NIST IREX III evaluation.
Neurotechnology was founded in 1990 in Vilnius, Lithuania and released its first fingerprint identification system in 1991. Since that time the company has released more than 80 products and version upgrades for identification and verification of objects and personal identity. More>