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In 2010, Forbes magazine said of Lithuania: "Its recovery should outpace that of most members of the EU because Lithuania isn’t wedded to slow growth policies, as are most Western European states."

Here’s what you should know: Lithuania is on track to becoming the Northern European Service Hub 2015. Don’t be left behind!

Are you a business looking for foreign opportunities? At SSON, we do the research for you and highlight the countries we believe are up and coming hubs for shared services and outsourcing opportunities.

So our focus goes to one of the Baltic States, Lithuania. Lithuania is on track to becoming the Northern European Service Hub 2015 – but what does this stat have to offer over other ‘Eastern European’ destinations? With a bunch of multinationals providing languages for the entire European market, Lithuania's shared services and outsourcing market is growing but has not become saturated with shared services and outsourcing business developments.

Companies such as Barclays Bank, Computer Sciences Corporation, Mirror Accounting of Norway and Western Union are just some of the organizations who have moved services and are currently reaping reduced costs and increased efficiency as benefits...