VILNIUS - Ukraine's IT firm Taurus Quadra is setting up its first foreign unit in Klaipeda with plans to start software development operations in the Lithuanian port city soon.
Taurus Quadra CEO Valentyna Darnopykha told BNS that the company had also looked at Poland, Austria, Germany and Canada markets as possible locations for its new unit.
"We chose Lithuania because the country maintains very good relations with Ukraine. Thus, it was, in part, a political decision, too," she said.
"I myself was born in this country, in Klaipeda. It is the city that were are planning to open our new office in."
According to Darnopykha, the firm employs a staff of 25 at its unit in Slavutych, Ukraine, and plans to hire as many people in Lithuania.
The Lithuanian company was established on December 13 with an authorized share capital of 28,000 euros, based on information from the Center of Registers.