Business
Lithuanians are well known for their diligence and are praised by foreign business people for their high qualifications and strong motivation. An old Chinese proverb says: “If you want one year of prosperity, grow grain. If you want ten years of prosperity, grow trees. If you want one hundred years of prosperity, grow people“. Lithuania successfully applies this wisdom and pays special attention to the quality of its citizens’ education and studies. The extremely high level of education of Lithuanian people today enables the country to produce greater added value and is ensuring rapid development of the national economy.
Main Facts
Lithuania is a modern, dynamic, and open country in Northern Europe. It is a prime transport centre in Northern Europe.
Investment and Trade Profile
Lithuania joined the European Union (EU) in 2004, Lithuanian laws are now fully harmonized with the EU legislation. When it comes to the labor market, Lithuania has to offer a unique combination of highly qualified human resources and relatively low wages. Lithuania is located on the very crossroads of 3 huge markets.
Business Etiquette
Meetings are arranged in advance and confirmed by a telephone call or e-mail. Lithuanians are very punctual. The decision-making process in Lithuania is relatively quick. Deadlines are expected to be honored. A handshake is customary at both the beginning and the end of a meeting, and when visiting a home. Business dress in Lithuania is conservative.
BARCLAYS success story
Lithuania was chosen because of its strong talent pool of highly-skilled technology professionals, as well as its world-class infrastructure.
IBM success story
IBM selected Lithuania as the most promising country in the region of Eastern Europe after an analysis of development perspectives in the region.
COMPUTER SCIENCE CORPORATION success story
Lithuania was selected by the company as the geographically best place for the expansion of business in the Baltic Sea Region.
