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  • 1. Lithuania – the Smart Move Ambassador Jonas Paslauskas Consul General of the Republic of Lithuania in New York
  • 2. Lithuania Population : 3.4 M Area: 65,300 sq. km
  • 3. In-between Huge Markets 250 million CIS consumers 340 million Western European consumers 110 million Baltic Sea Region consumers
  • 4. Total Baltic GDP
  • 5. One the Best Performing EU Economies
    • • Performance ranked as one of the best in the
    • European Union (IMF)
    • • Very low economic and political risks (“Economist
    • Intelligence Unit”, the research subdivision of
    • “ The Economist” magazine)
    • • Easiest place to do business among new EU members (World Bank)
  • 6. A ccording to “Eurostat”, the EU statistics agency, the annual increase of Lithuanian industry production (13.7%) is three times greater than the EU industry growth and the biggest among all EU members
  • 7. Source: Lithuanian Department of Statistics, DnB Nord *2007 second quarter data ** as of April 1, 2007 Lithuania n Economy at a Glance - I 5. 4 7.5 2005 8.3 7. 7 2006 4. 7 7 2004 4 10.5 2003 3.8 6.8 2002 9,2** CumulativeFDI ( € bn) 8 * GDP growth ( % ) 2007
  • 8. Source: Lithuanian Department of Statistics, DnB Nord * as of August 1, 2007 Lithuania n Economy at a Glance - II 12 .5 9.5 2005 15.4 11.2 2006 9. 8 7 . 4 2004 8.8 6.4 2003 8.3 5.9 2002 10* Imports ( € bn) 7* Exports ( € bn) 2007
  • 9. Export / import growth forecasts
    • During the first 7 months of 2007 , in comparison with the same period of 2006 , Lithuania’s exports increased almost 10%, and imports leaped 17%.
    • Exports growth was much influenced by the increase of exports of the following production: fertilizers, vehicles, articles of plastics , machinery and equipment
    • Increasing imports of vehicles, chemical products, iron and steel had an influence upon the rapid growth of Lithuania’s imports during the first 7 months of 2007
  • 10. Source: Lithuanian Department of Statistics, DnB Nord * Forecasts Lithuania n Economy at a Glance - III 8.3% 3% 2005 5.6% 4.5% 2006 11.4% 2 . 9 % 2004 12.4% -1.3% 2003 13.8% -1% 2002 n/a Unemployment r ate 4.5* Inflation 2007
  • 11. Lithuanian GDP Source: Lithuanian Department of Statistics
  • 12. Source: Lithuanian Department of Statistics ( € m l n ) Source: Lithuanian Department of Statistics Cumulative FDI in Lithuania
  • 13. Major Countries Investors as of January 1, 2007 Source: Lithuanian Department of Statistics
  • 14. Top Investors
  • 15. MAJOR US INVESTORS IN LITHUANIA (ml n Euro) PHILIP MORRIS 87 MARS INC. 44 KRAFT FOODS 37 COCA-COLA 36 McDonald's 10
  • 16. FDI in Lithuania by Sector as of January 1, 2007
  • 17. Source: Lithuanian Department of Statistics Source: Lithuanian Department of Statistics Lithuania’s Foreign Trade ( € ml n )
  • 18. Source: Lithuanian Department of Statistics Source: Lithuanian Department of Statistics Lithuania’s Major Exports Destinations 2006
  • 19. Lithuania’s Exports by Products, 2006 Source: Lithuanian Department of Statistics
  • 20. Lithuania’s Major Imports Partners, 2006 Source: Lithuanian Department of Statistics
  • 21. Lithuania’s Imports by Products, 2006 Source: Lithuanian Department of Statistics
  • 22. Excellent Infrastructure
    • • The “Economist Intelligence Unit” (the research subdivision of “The Economist” magazine) evaluated Lithuania as a country maintaining a convenient infrastructure for business
    • • Northernmost ice-free port on the eastern shore of the Baltic Sea
    • • Best roads among the Baltic States
  • 23. Excellent Infrastructure
    • • International airports (located in Central, Eastern and Western Lithuania) with direct routes to most European cities
    • • Convenient system of logistics & warehousing
    • facilities in Lithuania’s major industrial hubs
    • • Plenty of well-equipped office premises
  • 24. Lithuania’s “Gold and Oil”
    • • Best educated human resources in Central and Eastern Europe (CEE); proportion of graduates highest in CEE (4.3 per year per 1000 inhabitants)
    • • Universities in all 5 major economic centres; largest technical university in the Baltic States
    Source: Eurostat; public opinion ana l ysis „Europeans and Languages“ by the European Commission
  • 25. Lithuania’s “Gold and Oil”
    • • Kaunas University of Technology (KTU) www.ktu.lt – largest technical university in the Baltic States
    • • 90% of Lithuanians can speak at least one other language apart from their mother tongue, mostly Russian, English and Polish
    Source: Eurostat; public opinion ana l ysis „Europeans and Languages“ by the European Commission
  • 26. One of the Most Business-friendly Tax Policies in the EU
  • 27. Efficient Industry Base
  • 28.
    •  Lithuanian Development Agency (LDA)
    •  provides relevant business information
    •  services investors through the investment decision process
    •  identifies local suppliers and sourcing
    • organizes site and company visits
    • is represented in Germany, Italy and Belgium
    • Lithuanian Embassy in Washington DC
    • Two Lithuanian Consulates General – in New York and Chicago
    • Fifthteen Lithuanian Honorary Consuls all over USA
    • Lithuanian American Business Council
    • Baltnet is a corporative member of LABC)
    • WWW.BUSINESSLITHUANIA.COM [email_address]
    • WWW.LABCNY.ORG WWW.LTCONSNY.ORG
    To start a business in Lithuania
  • 29. Lithuania - Summary I
    • Located at the crossroads of Scandinavian, East European and West European markets, offering knowledge-economy-oriented business environment, one of the most qualified human resources in the EU, a wide range of investment incentives (free economic zones with tax benefits and one-stop-shop services, industrial parks with developed infrastructure, access to EU Structural Funds support etc.) and the most diversified industry base among the Baltic States, Lithuania is a treasure to be discovered by foreign investors and businessmen looking for reliable business partnership and opportunities to expand their business activities.
  • 30. Lithuania - Summary II
    • Lithuania invites foreign businesses to use
    • the opportunity to expand their activities to the booming Lithuanian market and to join the conglomerate of many big corporate names, such as Microsoft, IBM, Philip Morris, HP, AON, Coca-Cola, Kraft Foods, Masterfoods, Siemens, Dalkia, Yazaki, SEB, TeliaSonera, Marzotto, Transcom Worldwide, DSV, Schenker, Indorama and many others, who are already at home in Lithuania. Refresh your investment portfolio and discover new opportunities in a prospering Lithuanian economy!
  • 31. Laser technology in Lithuania
    • The French daily “Le Monde” has recently published an article about  Lithuania’s world-leading laser manufacturers.
    • According to “Le Monde”, Lithuania is the biggest exporter of femtosecond lasers in the world. The Lithuanian laser technologies producer UAB “Šviesos konversija” only holds 80% of the global market of femtosecond lasers. 
    • A country of 3.5 million people, Lithuania, has about 15 laser producers, employing about 300 laser specialists, half of which are engineers and doctors of sciences. Lithuania’s laser sector grows about 15-20 % annualy, which is twice faster than the whole economy of the country. The Lithuanian laser production is demanded by the best scientific laboratories in Europe and the US.
    • In 2008 a laser innovation center is planned to be established in Lithuania. Also, Lithuania expects to receive about EUR 600 million for scientific research and technology developments from the EU Structural funds for the period till 2013.