EU – Baltic States, Good for Business, Investments, Lithuania, Transport

Founded in 2001 as a start-up by two friends in Denmark, Infare today is the largest system for comparing airfares in the world, collecting data from more than 800 websites and servicing more than 125 airlines. In 2011-2013, the company's profits grew by 30 percent year on year.

The Infare office in Lithuania started with just 4 employees who worked on developing virtual robots capable of checking airfare prices around the clock from more than 800 different sources. However, according to Vytautas Baronas, managing director of Infare in Vilnius, at present Lithuanian employees perform many more functions.

"Lithuania was chosen because of it being culturally and geographically close to Denmark. Lithuanians, like the Danes, are very devoted to work and search independently for creative solutions," said Baronas. "In addition, the flight time between the offices in Denmark and Vilnius is less than two hours. This is actually very convenient for us, because team members from Lithuania as well as from Denmark regularly work in offices in our other locations."

According to Justinas Pagirys, Director of the Investment Development Department at Invest Lithuania, the country's foreign investment development agency, Infare is an excellent reflection of how the advanced data analysis sector is developing, with companies increasingly often looking towards Lithuania: "Previously, foreign companies used to choose Lithuania for its customer service centres. However, now we see that Lithuanian specialists are increasingly entrusted with the analysis of complex data and system development. The fact that such companies attract emigrants back to their offices in Lithuania shows that they can offer Lithuanians attractive jobs on an international scale and with a competitive salary".