Global money transfer giant Western Union officially opened their new European Regional Operating Centre on May 5, marking yet another significant foreign investment into the country.
The company has exceeded its plans by investing more funds than planned and has already employed some 460 people.
"We have chosen Lithuania because we looked for an optimal environment – highly qualified and educated people – and we found that. We also found a stable economic situation. The financial aid was very important, but that wasn’t the key factor," the regional director for Central and Eastern Europe at Western Union Konrad Olszaniecki said in a press conference after opening the centre.
"I see it as a very big success for Lithuania. It is a good sign that we managed to reach an agreement with Western Union in a relatively short time already last year so that it could set up one of its four global centers [in Lithuania]. As I joked today it should be a wake-up call for the company’s competitors, that Lithuania is actually a good place to set up such centers," Prime Minister Andrius Kubilius said.
The Lithuanian Minister of Economy Rimantas Zylius noted that the opening is one more indication of changes that are taking place in Lithuania.
"This is another demonstration of how Lithuania is changing. We are going to see more such symbolic steps,” he said at the opening press conference.
Lithuania is emerging as a Northern European Service Hub. Such companies like Barclays Bank of the UK, Computer Sciences Corporation of the US, Mirror Accounting of Norway, Ideal Invent Technologies of India and other has chosen to invest in Lithuania already.