Lithuania is a very attractive country to foreign investors with reference to many exclusive features. Firstly, the country is a full member of NATO and the EU and can offer for investors the essential guarantees of political safety and economical stability. Secondly, strategically the situation of Lithuania is very convenient: it is situated at the crossroad of the markets in the East and in the West and emerges as an economical bridge. Moreover, many experienced and qualified professionals can perform very ambitious tasks. Lithuania can be characterized as a country that offers the best overland routes in the region of Middle and Eastern Europe. Growth and development of the infrastructure expansion of transport in these later years surpassed the average rates of economic growth and it is expected that such a situation will remain at least till the year 2010. An unprecedented growth is in the sector of modern technologies, which has become an overall frontrunner in Lithuania’s economy.
Lithuania’s economy has been growing at one of the highest growth rates in Europe. In 2007 GDP grew steadily by 8,9 %, as compared to the year 2005 (7.9%). The main contributors to this boom are the growth in domestic demand, investment and exports of goods and services.
Monetary policy is based on a currency board. The national currency, the litas, has been stable since 1994. The Bank of Lithuania re-pegged the litas from the US dollar to the euro on 2 February 2002 at a fixed rate of 3.4528 litas to one euro.
At the moment Lithuania belongs to the same system of securities issues stocks together with other Baltic and Scandinavian countries. The Common market's investment potential in such a big region allows gaining additional business perspectives for investors.
The Lithuanian labour force comprises 1.6 million people, of which more than two-thirds are employed in the private sector. The country has one of the most educated labor force in Europe.
Lithuania pursues a liberal foreign trade policy, which has resulted in the rapid growth of foreign trade turnover. Major export positions are mineral products, means of transport, textiles and textile articles, machinery and equipment, chemicals. The country imports mainly investment goods and raw materials. The largest trade partners are the EU countries.
The main investors in Lithuania’s economy are Denmark, Sweden, Germany, the USA and Finland. More than 50% of foreign direct investment into Lithuania comes from EU countries. Due to the strategic location of the country, the excellent infrastructure and the experience of Lithuanian businesses, the country serves as a gateway between other EU members and the CIS countries. With four international airports, an ice-free seaport and two out of ten international transport corridors (the north-south road and rail route connecting Scandinavia with Central Europe, and the east-west route linking eastern markets with the rest of Europe), the country has become an important transport hub.
The information technology and telecommunications sector is one of the fastest-growing sectors in Lithuania, increasing by nearly 30% annually.
Lithuania is well known in the world for its biotechnology and laser technology. Three large biotech firms export their products to more than 40 countries, while laser technology is exported to about 100 countries.
Lithuania’s economy has been growing at one of the highest growth rates in Europe. In 2007 GDP grew steadily by 8,9 %, as compared to the year 2005 (7.9%). The main contributors to this boom are the growth in domestic demand, investment and exports of goods and services.
Monetary policy is based on a currency board. The national currency, the litas, has been stable since 1994. The Bank of Lithuania re-pegged the litas from the US dollar to the euro on 2 February 2002 at a fixed rate of 3.4528 litas to one euro.
At the moment Lithuania belongs to the same system of securities issues stocks together with other Baltic and Scandinavian countries. The Common market's investment potential in such a big region allows gaining additional business perspectives for investors.
The Lithuanian labour force comprises 1.6 million people, of which more than two-thirds are employed in the private sector. The country has one of the most educated labor force in Europe.
Lithuania pursues a liberal foreign trade policy, which has resulted in the rapid growth of foreign trade turnover. Major export positions are mineral products, means of transport, textiles and textile articles, machinery and equipment, chemicals. The country imports mainly investment goods and raw materials. The largest trade partners are the EU countries.
The main investors in Lithuania’s economy are Denmark, Sweden, Germany, the USA and Finland. More than 50% of foreign direct investment into Lithuania comes from EU countries. Due to the strategic location of the country, the excellent infrastructure and the experience of Lithuanian businesses, the country serves as a gateway between other EU members and the CIS countries. With four international airports, an ice-free seaport and two out of ten international transport corridors (the north-south road and rail route connecting Scandinavia with Central Europe, and the east-west route linking eastern markets with the rest of Europe), the country has become an important transport hub.
The information technology and telecommunications sector is one of the fastest-growing sectors in Lithuania, increasing by nearly 30% annually.
Lithuania is well known in the world for its biotechnology and laser technology. Three large biotech firms export their products to more than 40 countries, while laser technology is exported to about 100 countries.
