Lithuania gains foothold in Silicon Valley

  • 2012-02-22
  • By Linas Jegelevicius
KLAIPEDA - Lithuania has moved a step closer to the “cradle” of emerging IT companies headquartered on the US West Coast by opening its representation in the Silicon Valley. But some Lithuanian politicians, acknowledging the importance of the stride, note that Lithuania is neglecting its traditional economy in a bid not to lag behind the IT world.To catch the Silicon Valley limelight, Lithuania will have to jostle a tiny, but muscle-flexing contender, Estonia, which set its foothold in the IT and start-up hub earlier.Lithuania’s economy minister has said he sees...
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