Mantas Katinas retires from the position of director of “Invest in Lithuania”

“Invest in Lithuania” can be proud not only to have attracted millions of investments or to have successfully invited global companies that are developed and operated here. We can safely say that the Invest in Lithuania activity has become an example of the Lithuanian public sector activity, how to work successfully and achieve the set goals. We hope that in the future the number of foreign direct investments will increase and that both world-famous companies and innovative startups will choose Lithuania as an investment space, ”says Aušrinė Armonaitė, Minister of Economy and Innovation.

While M. Katinas was the Managing Director of Invest in Lithuania, a record number of foreign direct investments were attracted to Lithuania in six years. A total of 225 projects have been captured, some of which are being carried out by world-renowned companies: AmerisourceBergen, Dana Incorporated, McKesson, Epam Systems. During this period, the largest production projects were implemented in Lithuania, to which the global companies Continental and Hella contributed. Furthermore, Lithuania has established itself on the map of the service center industry: at the end of 2019, the global service industry employed almost 19,000 people in Lithuania. Professionals.

“In six years of working together with the tireless Invest in Lithuania team, we have managed to implement sometimes seemingly unviable projects. I thank the Ministry of Economy and Innovation, the Bank of Lithuania and many other institutions and personalities for their support and courage in finding solutions when many said no.

Lithuania is currently among the three countries that attract the most investment in the European Union and is starting to compete with the strongest players in the league. By securing political support and adequate resources, I am confident that the Invest in Lithuania team can have a decisive influence on integrating the Lithuanian economy into the elite league of international business, ”says M. Katinas.

Lithuania has also become one of the largest information and communication technology (ICT) investment centers in Europe. According to IBM Location Trends, our country is the leader in Europe in terms of ICT jobs attracted in 2019. In Lithuania, the Fintech sector and the products created by companies in this sector that meet the market needs have grown significantly. Lithuania is currently one of the fastest growing Fintech centers in Europe: it is the leader in terms of the number of licenses issued and ranks fourth in the international Fintech ranking.

M. Katinas headed the Invest in Lithuania agency for six years. As of April 6. Gediminas Koryzna, Director of the Investment Development Department of this organization, will act temporarily as head of Invest in Lithuania. The Ministry of Economy and Innovation will call a competition for the position of Director General of the Agency.