VILNIUS — Vilnius is set to garner more investment in the high technology sector after computing giant IBM stated their intentions in writing to come to the country.

Lithuania is emerging from a period where it saw drooping foreign direct investment, caused by the uncertainty the crisis gave the country’s economic outlook. Now with the investment of the Barclays IT center, which opened earlier this year, and IBM’s initial agreement the country looks set to [private_supervisor]march on toward its goal of being a high-tech outsourcing center for Europe and Silicon Valley. The Barclays IT center could soon have 1,000 employees according to sources within the company.

The Lithuanian government and IBM signed a letter of intent to set up a joint research center in Lithuania on Saturday at the computer company’s headquarters in New York. It is yet unknown how much money will be invested or how many jobs the center will create for Lithuanians. The letter of interest does not commit IBM to building the plant.

The document was signed by Prime Minister Andrius Kubilius and Tom Reeves, IBM’s global vice president for research and intellectual property licensing. The actual deal spelling out the finer points of the research center is planned be created and signed later this year.

The Lithuanian government said that the center will conduct research in IBM’s strategic research areas, namely nanotechnology, life sciences, health care innovation, and intellectual property for innovative management.

Researchers will study advanced nanotechnologies, including integrated silicon photonics and new photovoltaic and photonic materials. Local experts from Lithuanian educational facilities will assist researchers.

“Joint research center with a global high-tech giant undoubtedly marks a huge achievement for Lithuania. This means that out of a country applying innovations we are turning into a country creating innovations for the entire world,” Kubilius said while in the U.S. on his tour to increase awareness about Lithuania in the high-tech sector.

Minister of Economy Dainius Kreivys, who was with Kubilius in New York, also lauded the letter of intent saying that it was a step in the right direction. The minister has been a proponent of easing restrictions in making new businesses and has been encouraging foreign businesses to come to the country since he started in the job.

IBM is among the top companies for patent registration, ranking fourth for patents in the United States in 2009. In the high-technology sector it doubled the amount of patents of its next rival in the same category. IBM inventors registered 4,914 patents for a range of technologies in 2009.

During the working visit to the U.S. Kubilius and Kreivys visited universities and high-technology conventions to try to get people in the industry excited about Lithuania.

Kubilius also met with U.S. Secretary of State Hillary Clinton to discuss regional security. During the post-meeting press conference Clinton praised the Kubilius-led government’s willingness to enact tough fiscal consolidation measures. [/private_supervisor] [private_subscription 1 month]march on toward its goal of being a high-tech outsourcing center for Europe and Silicon Valley. The Barclays IT center could soon have 1,000 employees according to sources within the company.

The Lithuanian government and IBM signed a letter of intent to set up a joint research center in Lithuania on Saturday at the computer company’s headquarters in New York. It is yet unknown how much money will be invested or how many jobs the center will create for Lithuanians. The letter of interest does not commit IBM to building the plant.

The document was signed by Prime Minister Andrius Kubilius and Tom Reeves, IBM’s global vice president for research and intellectual property licensing. The actual deal spelling out the finer points of the research center is planned be created and signed later this year.

The Lithuanian government said that the center will conduct research in IBM’s strategic research areas, namely nanotechnology, life sciences, health care innovation, and intellectual property for innovative management.

Researchers will study advanced nanotechnologies, including integrated silicon photonics and new photovoltaic and photonic materials. Local experts from Lithuanian educational facilities will assist researchers.

“Joint research center with a global high-tech giant undoubtedly marks a huge achievement for Lithuania. This means that out of a country applying innovations we are turning into a country creating innovations for the entire world,” Kubilius said while in the U.S. on his tour to increase awareness about Lithuania in the high-tech sector.

Minister of Economy Dainius Kreivys, who was with Kubilius in New York, also lauded the letter of intent saying that it was a step in the right direction. The minister has been a proponent of easing restrictions in making new businesses and has been encouraging foreign businesses to come to the country since he started in the job.

IBM is among the top companies for patent registration, ranking fourth for patents in the United States in 2009. In the high-technology sector it doubled the amount of patents of its next rival in the same category. IBM inventors registered 4,914 patents for a range of technologies in 2009.

During the working visit to the U.S. Kubilius and Kreivys visited universities and high-technology conventions to try to get people in the industry excited about Lithuania.

Kubilius also met with U.S. Secretary of State Hillary Clinton to discuss regional security. During the post-meeting press conference Clinton praised the Kubilius-led government’s willingness to enact tough fiscal consolidation measures. [/private_subscription 1 month] [private_subscription 4 months]march on toward its goal of being a high-tech outsourcing center for Europe and Silicon Valley. The Barclays IT center could soon have 1,000 employees according to sources within the company.

The Lithuanian government and IBM signed a letter of intent to set up a joint research center in Lithuania on Saturday at the computer company’s headquarters in New York. It is yet unknown how much money will be invested or how many jobs the center will create for Lithuanians. The letter of interest does not commit IBM to building the plant.

The document was signed by Prime Minister Andrius Kubilius and Tom Reeves, IBM’s global vice president for research and intellectual property licensing. The actual deal spelling out the finer points of the research center is planned be created and signed later this year.

The Lithuanian government said that the center will conduct research in IBM’s strategic research areas, namely nanotechnology, life sciences, health care innovation, and intellectual property for innovative management.

Researchers will study advanced nanotechnologies, including integrated silicon photonics and new photovoltaic and photonic materials. Local experts from Lithuanian educational facilities will assist researchers.

“Joint research center with a global high-tech giant undoubtedly marks a huge achievement for Lithuania. This means that out of a country applying innovations we are turning into a country creating innovations for the entire world,” Kubilius said while in the U.S. on his tour to increase awareness about Lithuania in the high-tech sector.

Minister of Economy Dainius Kreivys, who was with Kubilius in New York, also lauded the letter of intent saying that it was a step in the right direction. The minister has been a proponent of easing restrictions in making new businesses and has been encouraging foreign businesses to come to the country since he started in the job.

IBM is among the top companies for patent registration, ranking fourth for patents in the United States in 2009. In the high-technology sector it doubled the amount of patents of its next rival in the same category. IBM inventors registered 4,914 patents for a range of technologies in 2009.

During the working visit to the U.S. Kubilius and Kreivys visited universities and high-technology conventions to try to get people in the industry excited about Lithuania.

Kubilius also met with U.S. Secretary of State Hillary Clinton to discuss regional security. During the post-meeting press conference Clinton praised the Kubilius-led government’s willingness to enact tough fiscal consolidation measures. [/private_subscription 4 months] [private_subscription 1 year]march on toward its goal of being a high-tech outsourcing center for Europe and Silicon Valley. The Barclays IT center could soon have 1,000 employees according to sources within the company.

The Lithuanian government and IBM signed a letter of intent to set up a joint research center in Lithuania on Saturday at the computer company’s headquarters in New York. It is yet unknown how much money will be invested or how many jobs the center will create for Lithuanians. The letter of interest does not commit IBM to building the plant.

The document was signed by Prime Minister Andrius Kubilius and Tom Reeves, IBM’s global vice president for research and intellectual property licensing. The actual deal spelling out the finer points of the research center is planned be created and signed later this year.

The Lithuanian government said that the center will conduct research in IBM’s strategic research areas, namely nanotechnology, life sciences, health care innovation, and intellectual property for innovative management.

Researchers will study advanced nanotechnologies, including integrated silicon photonics and new photovoltaic and photonic materials. Local experts from Lithuanian educational facilities will assist researchers.

“Joint research center with a global high-tech giant undoubtedly marks a huge achievement for Lithuania. This means that out of a country applying innovations we are turning into a country creating innovations for the entire world,” Kubilius said while in the U.S. on his tour to increase awareness about Lithuania in the high-tech sector.

Minister of Economy Dainius Kreivys, who was with Kubilius in New York, also lauded the letter of intent saying that it was a step in the right direction. The minister has been a proponent of easing restrictions in making new businesses and has been encouraging foreign businesses to come to the country since he started in the job.

IBM is among the top companies for patent registration, ranking fourth for patents in the United States in 2009. In the high-technology sector it doubled the amount of patents of its next rival in the same category. IBM inventors registered 4,914 patents for a range of technologies in 2009.

During the working visit to the U.S. Kubilius and Kreivys visited universities and high-technology conventions to try to get people in the industry excited about Lithuania.

Kubilius also met with U.S. Secretary of State Hillary Clinton to discuss regional security. During the post-meeting press conference Clinton praised the Kubilius-led government’s willingness to enact tough fiscal consolidation measures. [/private_subscription 1 year]

— This is a paid article. To subscribe or extend your subscription, click here.