Banks, EU – Baltic States, Financial Services, Investments, Lithuania

"It seems that an agreement with one of the biggest world banks Barclays on the establishment of its service center in Lithuania may be successfully signed. This is highly important. It would be a computer service center," Kubilius said at traditional interview with Ziniu Radijas on Thursday.

According to the prime minister, this is one of the main steps in attempts to attract other foreign investments into the country. It is expected that an agreement will be signed with Brits next week. Purportedly this is not only investments of several hundred million litas but also several hundred working places for high technology specialists. Moreover, this would be a good sign for other foreign investors, reports ELTA/LETA.

Barclays intends to invest about 50 million euros (over 170 million litas) into the computer service center in Vilnius. It is foreseen to create about 100 working places there at first, and by the end of the year this figure is to reach 250-300. Lithuanian and foreign specialists would be working in the bank's subsidiary.