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2022: Ban on Russian IT companies from moving to the country
In early April 2022, the Ministry of Economy and Innovation Lithuania announced the suspension of applications for the transfer of business to the country from Russian companies. The department noted the demand for relocation from the [IT] business from. RUSSIAN FEDERATION
The report also says that by April 4, 2022, five international companies that worked from Russia had applied for the relocation of business to Lithuania. According to the ministry, about 300 people are employed in these organizations. Most companies work in the IT sector. The names of these companies were not disclosed in the ministry. By the end of March 2022, three small international companies from Russia, which already had offices in Lithuania, moved to the country.
{{quote 'International companies that decided to leave Russia had more than one month to decide which country to transfer business to. Despite the fact that our services conduct a strict inspection of each company and person, today the transfer of Russian business to Lithuania does not coincide with the expectations of society... We stop the issuance of intermediary documents to international companies that had representative offices in Russia, - the press service quotes the words of the Minister of Economy and Innovation Aushrine Armonaite. }} Aushrine Armonaite in mid-March 2022 said that due to the Russian special operation in Ukraine, thousands of IT specialists from Russia and Belarus are planning to come to Lithuania. The Ministry cooperates with IT companies from these countries that have already settled in Lithuania to transfer their divisions to Lithuania, and is also negotiating the transfer of divisions of unnamed Western companies. The presidential office formulated a position according to which IT enterprises transferred to Lithuania from Russia pose a risk, because the Russian IT sector is allegedly under the control of the security services of the Russian Federation.[1]
2020: European tech companies attracting the most investment in 5 years
2019: Computer device exports $227m
See also
- IT market of Russia
- IT market of Kazakhstan
- Uzbekistan IT market
- China IT Market
- IT market of Ukraine
- India IT Market
- German IT Market
- Brazil IT Market
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