LITHUANIA - Investment environment is:
Invest in Lithuania
With one of the most educated people in Europe,
the largest, most diversified, and highly competitive industries in the Baltics,
low taxes and costs, and
half of the GDP of the Baltic States,
- rich Scandinavian,
- huge CIS,
- growing Eastern European,
- and fast developing Baltic States' markets.
10 Reasons to Do Business in Lithuania
1. Minimal Economic & Political Risks
British analysts of the “Economist Intelligence Unit” (the research subdivision of “The Economist” magazine) confirm Lithuania to be a country with very low economic and political risks. The country is a member of the EU and NATO and follows the Western model of internal and foreign politics.
2. Macro Stability & Flexibility
The International Monetary Fund (IMF) has ranked Lithuania’s performance among the best within the European Union. Lithuania maintains an exceptional economic progress, based on macro stability and economic flexibility.
3. Well-balanced Economic Growth
Lithuania has been maintaining an average GDP growth of 7.8%. In 2005 Lithuania’s GDP increased by 7.5%, and, according to the Eurostat (the EU Statistics Agency), at 8.6% Lithuania had the biggest annual GDP increase in the EU in the 2nd quarter of 2006. In 2006 Lithuania’s GDP increased 7.5%, and it has been forecasted that it will grow by 7.4% in 2007.
Lithuania is expected to join the Eurozone in 2011. Among the Baltic States, Lithuania is the most successful in controlling inflation.
4. Easiest Place to Do Business
The World Bank in its report “Doing Business in 2006: Creating Jobs” announced Lithuania to be the easiest place to do business among the Baltic States and all new EU members.
5. Laws Best Harmonized with EU Legal Acts
In its internal market scoreboard, published in 2006, the European Commission acknowledged Lithuania as best implementing EU internal market laws among the Baltic States.
6. Advancing Innovation Policy
Lithuania’s economic policy is strongly innovation-oriented. The country belongs to the common EU technological market and holds position No.16 among the EU-25.
7. Part of the Competitive Baltic Sea Region
Lithuania is a part of the Baltic Sea Region, which has a population of close to 100 million people. Located in the Region, home of many world-leading companies, Lithuanian businesses enjoy active economic cooperation with Scandinavian countries and Germany, which are among the most important business partners of Lithuania as well as among the strongest economies of the world.
8. Attractive Location & Excellent Infrastructure
Lithuania is strategically located at the gateway between huge markets in the north, east and west. The country provides fast access to the dynamic regional and neighbouring markets - rich Scandinavian, fast-growing Baltic, huge CIS and West European - within a 500 km radius. The European Union has recognised Lithuania as the prime transport centre in the region linking the EU with the East.
9. Quality Human Resources
Lithuania has one of the best-educated workforces in Central and Eastern Europe. The percentage of the Lithuanian population with higher education is 2 times higher than the EU-15 average and is also the highest in the Baltic States. Lithuania is among the 5 EU members with the highest percentage of people speaking at least one foreign language. Even 90% of Lithuanians can speak at least one other language, mostly Russian, English and Polish, apart from their mother tongue.
10. Investment Incentives
Lithuania offers equal protection and guarantees for both local and foreign businesses. The country guarantees the unrestricted movement of capital and dividends and free access to all sectors of the economy. The support network and incentives for foreign investors in Lithuania include the following main elements: free economic zones with tax benefits and one-stop-shop services, industrial parks with developed infrastructure, EU Structural Funds support, science and technology parks etc.