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ISRAEL'S GRANOT VENTURES TO ESTABLISH BUSINESS INCUBATOR IN LITHUANIA IN COOPERATION WITH ERP

Israel's investment company Granot Ventures and ERP, the leading Lithuania's IT and business consulting company, intend to cooperate in establishing a business incubator for new IT companies in Lithuania, in line with a letter of intent signed by Ori Katz Oz, Granot Ventures, and Markas Zbarskis, ERP CEO, in Israel on Monday.

Prime Minister Andrius Kubilius and Economy Minister Dainius Kreivys, both on a visit to Israel, invited local high-tech companies to invest in Lithuania, the prime minister's press service reported.

Kubilius-led delegation met with the representatives of Harish Enterprises, Telecorp Communications as well as RAD Data communications, the industry leader in access solutions for data and telecommunications applications in Israel.