The website of the Ministry of Economy provides information about the activities of the ministry, review of the Lithuanian economy, and legal updates.
Flash Plug-in is required
Please, download Flash Plug-in
Economic
DISCOVER BUSINESS LITHUANIA
Stable Political and Macroeconomic Environment
• Member of the EU and NATO since 2004, membership in the WTO, Schengen area since 2008
• EU inner market directives best implemented into the national law among all EU members
• Currency pegged to the euro and backed by foreign reserves
• Pro-business government with a personal income and social security tax reform agenda
Excellent Geographical Location and Infrastrucure
• Crossroads of Central and Western Europe, Scandinavian and Baltic as well as CIS markets
• Part of the Baltic Sea Region
• Well developed EU prime transport centre (two international transport corridors, three international airports, railways, the best roads in the Baltic States, and the highest-capacity Eastern Baltic ice-free seaport)
• Diverse energy capacities
• Nine industrial parks and two free economic zones
• Sophisticated communications – leads the world in the number of mobile telephone subscribers per 100 population and is the 1st in Europe in GSM penetration.
• Crossroads of Central and Western Europe, Scandinavian and Baltic as well as CIS markets
• Part of the Baltic Sea Region
• Well developed EU prime transport centre (two international transport corridors, three international airports, railways, the best roads in the Baltic States, and the highest-capacity Eastern Baltic ice-free seaport)
• Diverse energy capacities
• Nine industrial parks and two free economic zones
• Sophisticated communications – leads the world in the number of mobile telephone subscribers per 100 population and is the 1st in Europe in GSM penetration.
High-quality Human Resource
• One of the most multilingual peoples in the EU - among five EU countries with the highest percentage of people speaking at least one foreign language: every third Lithuanian speaks English, and eight Lithuanians out of 10 speak Russian
• ~ 40% of the labour force with higher education
• 20% of tertiary graduates in engineering
Great Quality of Life
• Quality of life is one of the highest among the new EU-12 members (International Living 2009 Quality of Life Index)
• 4 UNESCO World Heritage masterpieces
• Mild climate, pristine nature; the Lithuanian coast is No. 9 among the top 100 summer destinations by the British Sunday Times
• World-class entertainment and leisure services
• Easily accessible social services
ATTRACTIVE ECONOMY SECTORS
• Shared services and business process outsourcing (BPO) – well-educated multilingual labour pool
• ICT – modern knowledge economy; companies leading among the Baltic States
• Lasers – globally acknowledged production and inventions
• Biotech – production does not have equivalents in Central and Eastern Europe
• Plastics – with three huge plants leading in the region
• Metal processing, machinery and electric equipment – widely-acknowledged high-tech products
• Furniture & wood processing – among the most important suppliers for IKEA
• Textile & clothing – one of the most specialised EU countries in the textile and clothing sector
• Food – internationally acknowledged and in-demand production
• Real estate – the largest market among the Baltic States with great development potential
• Tourism – untouched ecological countryside, well developed rural tourism network, high demand for entertainment services; forthcoming Lithuanian events of international importance