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The Ministry of Economy and Innovation has signed a contract with Teltonika EMS for the construction of a technology center in Moltai district. The company plans to invest up to 34 million in this center. and create around 480 new jobs.We are glad that companies developing innovative products that require the highest competencies are rapidly developing throughout Lithuania. This is the business of the future that can offer well-paid jobs bring greater economic benefits and promote scientific progress so this investment is significant for the whole of Lithuania says the Minister of Economy and Innovation Aurin Armonait.The company plans to establish 11 thousand. sq.m. meters of Teltonika Technology Center which will be equipped with administrative production facilities and laboratories. State-of-the-art telemedicine devices and state-of-the-art network equipment will be designed and manufactured here. The company estimates that the production capacity of this technology center will double.This is the fourth investment project in Lithuania to be granted the status of a major project. It will be implemented through the Green Corridor Initiative for large investors proposed by the Ministry. In total the Ministry of Economy and Innovation has already approved applications for 6 major projects with a total planned investment of 386 million. euros. These projects are expected to create more than 1800 new jobs. Two more applications are being evaluated.From 2021 January 1 The regulation of the green corridor initiated by the Ministry of Economy and Innovation was introduced in 2006. Facilitates the implementation of large investment projects in Lithuania much faster and simpler investor establishment procedures and incentives for host municipalities are provided.The Green Corridor initiative envisages that businesses investing at least 20 million The commitment to create at least 150 new jobs in Vilnius - at least 200 new jobs gives the status of a large investment project which allows for much easier and faster establishment. At the same time the status of a project of national importance is granted and 0 is applied for a period of up to 20 years. income tax rate. The Green Corridor for Major Projects has been recognized by the Baltic Investors Forum as the best decision last year to improve the business environment.
