• 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)
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
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
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
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
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
Lithuanian GDP Source: Lithuanian Department of Statistics
Source: Lithuanian Department of Statistics ( € m l n ) Source: Lithuanian Department of Statistics Cumulative FDI in Lithuania
Major Countries Investors as of January 1, 2007 Source: Lithuanian Department of Statistics
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.
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!
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.