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Lithuania's IT Sector: Not Melting, But Thriving!

Recent concerns have emerged in the information space suggesting that the offices of giants like EPAM and Wargaming in Lithuania are "melting," taking millions of euros in taxes with them. However, a deep dive into the data paints a completely different, far more optimistic picture. Lithuania's IT sector is not only not shrinking, but is demonstrating impressive growth, solidifying its position as one of the most dynamic and innovative in the region.

The power of collaboration: how clusters help businesses grow

In the modern world, where competition extends beyond national borders, a company's success often depends not only on its own resources but also on its ability to collaborate. Business clusters are an effective tool that allows companies working in the same field to combine their efforts to achieve common goals. This model of cooperation, which originated in Lithuania several decades ago, has gained new momentum thanks to financial support from the European Union.

In June 2025, Lithuania Recorded Some of the Highest Interest Rates in the Eurozone

According to a report from the Bank of Lithuania, interest rates on loans issued in Lithuania were among the highest in the eurozone in June 2025. This occurred despite a general decrease in interest rates for both loans and deposits.

German Leopard tanks for Lithuania

The Lithuanian government has approved the allocation of €461 million for an advance payment on German Leopard tanks, which the country plans to acquire from Germany. These funds will be borrowed.