According to "Barcleys" press release "Barclays plc aims to set up a new IT center in Vilnius at the end of summer.
The bank will plow some EUR 49.27 million into the center, which will render services to the bank or its group. The center will be opened in August or September. Initially the center will employ about 100 local and foreign experts, and the workforce will grow to 250-300 by the end of 2010.
If the negotiations end successfully and the parties, as planned, sign an agreement in June, Barclays will oblige to ensure high wages for the center's staff and employ at least 200 people.
The UK bank will provide training for employees, while Lithuania's annual contribution will total some LTL 1-2 million, which will be channeled from the resources of the European Union's Structural Funds."