Minister of Economy Mindaugas Sinkevičius and Vice-President of Western Union discussed the need of skilled labour in Lithuania

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2017 03 02

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At the 2 March 2017 meeting with Lenny Alugas, Senior Vice President for international operations at the US financial services and communications company Western Union, Minister of Economy Mindaugas Sinkevičius discussed the need for skilled professionals, informed about the projects presented by the Ministry of Economy seeking to simplify employment conditions for citizens from countries outside the European Union as well as talked about issues relating to science and business cooperation.

‘With rapid changes ongoing in the labour market the shortage of skilled labour force is evident in Lithuania. This need is particularly relevant in services and industry sectors which generate high added value and the Ministry of Economy is therefore taking temporary measures aimed to promote the employment of highly qualified specialists in Lithuania. This is a temporary decision aimed to help prevent labour shortages until we manage to satisfy our needs of the required specialists,’ Minister of Economy Mindaugas Sinkevičius said.

According to the Minister, the Ministry of Economy has developed a list of professions which need higher professional qualifications and representatives of which are not sufficient in Lithuania; this is one of the means to address the lack of skilled labour force in Lithuania. Third country representatives of professions covered in the list have easier access to employment in Lithuania.

At the meeting, the Minister also introduced the start-up visa, which is another measure aimed to help attract skilled labour force to Lithuania. The start-up visa might be obtained by foreigners who plan to engage in the support of new technology or other novelties which are important for the development of Lithuania’s economy or social welfare.

The representatives of Western Union inquired about the date of entry into force of the new Labour Code. The investors are expecting the Government to keep its promises and have the law adjusted before 1 July.

Western Union is a global leader in providing payment services in more than 500 thousand places in 200 countries and territories. The company offers rapid, reliable and convenient means for money transfer around the world.

Following the assessment of the favourable environment, the highest level infrastructure and due to the availability of a large number of professionals Western Union chose Lithuania as the best location for opening the European Regional Operation Centre (EUROC) in 2010. In several recent years, EUROC has expanded its services and incorporated legislation compliance, accounting and finance, operations, information technology, human resources management, marketing and other functions. EUROC currently employs approximately 1300 employees.