Baltics&partnership with ne. fall2013


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Baltics&partnership with ne. fall2013

  1. 1. BALTNET - Bridging New England with Baltic Nations Presented by BALTNET Hartford, CT. Fall 2013
  2. 2. BALTNET  BALTNET (Baltic – New England Development Network, Inc.) is:  a non-profit organization  established seven years ago in Connecticut  provides resources to institutions in  New England region of the US and  Baltic states (Lithuania, Latvia and Estonia) in areas of:  Business or trade,  Educational or academic and  Cultural or heritage-based partnerships.
  3. 3. BALTNET Mission is to: facilitate successful development of partnerships based on cooperation, exchange of ideas and collaboration between parties from:  New England (CT, MA, RI, Maine,Vermont, New Hampshire) and  Baltic States (Lithuania, Latvia and Estonia).
  4. 4. BALTNET Mission  In general, mission is to:  bridge countries,  connect resources,  develop partnerships,  establish exchange.  Promote collaboration and actively support growing business interests of players from both sites by providing:  necessary information and  access to important resources, including:  transportation, housing,  seminars and conferences,  establishment and registration of new business or affiliation agreements.
  5. 5. BALTNET is committed to:  Increase the visibility of Baltics and NE by helping others to understand the variety of assets available  in Baltics:  highly educated work force,  innovative economic and technology resources, and  rich cultural heritage of Baltic States.  in NE:  unique opportunities of doing business based on accessibility to NY and Boston,  to world famous academic, technical, biomedical and other research and technology-based institutions,  to high quality health care network and etc.
  6. 6. General info about New England Location: the northeastern corner of the United States, close proximity to New York City. Six states rich of history and resources: Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. Variety of Resources:  business,  research and  educational institutions.
  7. 7. Famous Institutions and Industries in NE:  8 of the nation's top 50 universities.  13 of its top 50 liberal art colleges.  Many state-of-the-art universities and medical centers.  Most famous:  Yale and  Harvard Universities  Massachusetts Institute of Technology (MIT).  Industries include:  pharmaceuticals,  insurance,  manufacturing and  defense-related businesses.
  8. 8. Europe: Three Baltic Countries Central Location Central European Location
  9. 9. GENERAL INFORMATION about BalticsGENERAL INFORMATION about Baltics  Three Baltic countries:  Lithuania,  Latvia,  Estonia  Population of 7 - 8 mln.  Located in geographic center of Europe  Lithuania – is recognized as a center of Europe  Neighboring with:  Scandinavian countries  Poland  Belorussia  Russia
  10. 10. A 90 Million People Market in Baltics  Historically the Baltic Sea region, with its inter-connecting waterways and common sea, has acted as major transport corridor both in itself and for the rest of the world.  As long as a thousand years ago trading relations between both the Swedish Vikings as well as the people in Novgorod area were well established.  During the Middle Ages the Hanseatic League - 70 Baltic Sea cities - formed the most dominating trading way in the world.  The modern Baltic Sea region consists of ten countries with a combined population of 90 million people.  The region is unique because of the mix of different countries bordering the Baltic Sea - the developed economies of Germany and Scandinavia and the expanding economies of the Baltic States, Poland and North-West Russia.  Differences in cost levels between the Scandinavian countries and the emerging markets of the Baltic countries and Poland offer companies an ideal opportunity to combine the advantages of the different parts of the region.
  11. 11. Trade and Investment in Baltics  The Baltic Sea region is the fastest growing business region in Europe.  The trade flows between countries in the region has increased constantly year by year.  Foreign direct investments (FDI) have been increasing significantly.  The stock of inward FDI in the region as a whole has been about USD 720 billion a few years ago, and is growing.
  12. 12. Baltic Nations  The Baltic Nations have been surprising the world with their rapid growth and development in all the spheres of life.  They have always demonstrated their extrovert character towards the invitations for cooperation from abroad.  As democratic members of the EU and NATO they are strong partners in political, economic, social or cultural relations with other countries.  This is because the people from Baltics have never ceased following the track, the preservation of its primary values that it chose: investing into their own people’s education and skills as well as maintaining friendly relations with its closest neighbors.
  13. 13. Baltic Nations (cont.)  Baltic Nations Lithuania, Latvia, and Estonia have:  rich histories,  highly educated populations and  modern businesses that are diverse and competitive.  They can boat of stable markets and are skilled linguists.  With an eye toward strategic, political and economic security, they set their sights of joining:  NATO and the European Union.
  14. 14. Baltic Nations Secrets  People keep asking “what is the secret of Baltic Nations rapid growth and what distinguishes it from the other Eastern European countries?”  One of most specific features that its people deservedly proud of, is the extremely high level of education.  The highest-quality services provided by specialists are particularly marketable in foreign economies.  Furthermore, strength and progress is very much based on country’s long lasting preconditions, such as:  continuing close economic cooperation with its Scandinavian states and other countries of the Baltic Sea region.  Danish, Swedish, German, Russian, Finnish, and Norwegian businesses have been the biggest investors in Baltic Nations.
  15. 15. All three Baltic Nations are moving forward Lithuania  Lithuania got off to an early start on economic reforms  has been labeled by investors as on of Eastern Europe’s economic “tigers”  joined both the EU and NATO in the spring of 2004,  is attempting to break from its Russia- dominated past.  has built great partnerships with West Europe countries.
  16. 16. Latvia  These days Latvia and its vibrant capital Riga, is under siege by a new force: tourism.  Cheap flights have brought so many visitors to the Riga Old Town can feel like one of the busiest places in Europe.  For visitors it also offers the stunning seacoast and a beauty of Gaujas Valley National Park, for investors – many great opportunities.  Unique network for transportations using port and railroad systems.
  17. 17. Estonia  Estonia was happy to sever its Soviet bonds in 1990 and has been quick to revive its historical ties to its Nordic neighbors.  Finnish tourism and investment helped to revitalize the nation.  The wealth that has accumulated in Tallinn is spreading to other cities.  Estonians are now proud to take their place as members of modern Europe.  Is know for outstanding achievements in technology (IT), including development of Skype.
  18. 18. Main Reasons to Invest in Baltics  Political and Social Stability  Followed by Rapid Economic Growth  Successful Reconstructive Process  Strategic Location Bridging the EU and the East countries (including Russia)  Export Orientated Economy  Strong FDI Growth  Well-developed Transportation Networks
  19. 19. Other Reasons to Invest in Baltics  Availability of Well-Trained, Low-Cost Labor Force  Low Operating and Living Costs  Free Economic Zones and Industrial Parks  Multinational Investor Satisfaction  Serve as a key to other countries (East and West Europe)
  20. 20. Baltic Nations – a bridge for new collaborationBaltic Nations – a bridge for new collaboration with Europewith Europe
  21. 21. HISTORICALHISTORICAL BBACKGROUND:ACKGROUND:  Baltics:  attractive place for Tourists  They retained commitment to common values:  Democracy  rule of law  individual liberty  Restored Independence in 1990  Have successful trans- Atlantic integration
  22. 22. Reasons to start and develop business in Baltic States Easy  The World Bank Group Report “Doing Business in 2006: Creating Jobs” named Lithuania one of the World Top 20 economies (15th in the world) and the best of the new EU states on the ease of doing business.  Each of the Baltic States has a modern banking and financial system.  The modern banking technologies, such as e-banking, etc. are fully implemented.  The costs of commercial loans from banks are among the lowest in Europe, ranging from 5.5% to 6% per year.  Excellent infrastructures for foreign businesses.  international airports with direct routes to most European cities  best roads in the Baltics,  an ice-free sea port and an efficient railway system.  fast Internet,  the number of mobile telephone network subscribers is very high.
  23. 23. Reasons to start and develop business in Baltics Safe  They are full members of NATO and the EU,  Laws are harmonized with those of the EU, the countries offer unrestricted movement of capital and dividends.  All three Baltic countries have stable and effective international collaboration and foreign business growth during more than 20 years.
  25. 25. Major Centers of Technology  Mostly located in Vilnius, Ryga and Talinn  Have a long history of achievements:  For Ex. Laser Research Center in Vilnius, Lithuania  Established Department of Quantum Electronics in 1975.  Provides teaching of laser science (quantum electronics, laser physics, nonlinear optics and spectroscopy, biophotonics and laser engineering).  Provides laboratory research in quantum electronics,, nonlinear optics, laser spectroscopy, and biophotonics.
  26. 26. LITHUANIAN EXPORTS BY SECTORLITHUANIAN EXPORTS BY SECTOR Metals and articles from metals 4.0% Wood and articles of wood 4.9% Products of chemical industry 7.0% Machinery and equipment 12.0% Textiles and textile articles 9.2% Transport means 10.1% Other 20.0% Animals, animal products; Prepared foodstuffs 5.4% Mineral products 27.4% Source: Lithuanian Department of Statistics
  27. 27. Foreign Direct Investment in Lithuania by CountryForeign Direct Investment in Lithuania by Country ((20052005)) USA 5% Finland 8% Other 20% Germany 13% Estonia 8% UK 3% Netherlands 4% Russia 12% Denmark 13% Sweden 14% Source: Lithuanian Department of Statistics
  28. 28. Foreign Direct Investment by sector FDI structure 2004, % Manufacturing 28% Energy sector 4% Wholesale&retail trade 17% Real estate;Other businesses 7% Financial intermediation 20% Others 6% Transport&comm unications 18%
  29. 29. Ways to accomplish BALTNET Mission  Bridging countries  Connecting resources  Developing partnerships  Establishing exchanges  Promoting collaboration  Facilitating cultural exchange  Providing services
  30. 30. BALTNET Services:  Discover areas of commercial compatibility  Develop business partnerships  Develop academic partnerships  Facilitate Educational exchange programs  Facilitate Medical exchange programs  Educate Baltic and New England businesses about mutually beneficial opportunities  Facilitate navigation between business cultures  Provide insight into business markets in Baltic Nations and New England.
  31. 31. Existing Projects  BALTNET recently initiated and is participating in the development of an affiliation agreement between the Quinnipiac University (new School of Medicine) and Vilnius University, School of Medicine in Lithuania.  New School of Medicine at Quinnipiac University is oriented to Global Health and International exchange opportunities for faculty and students.  This agreement seeks to develop collaborative opportunities between these two academic institutions in areas of curriculum, problem-based learning, health care and etc. including research-based projects for faculty and researchers  It focuses on developing intercultural exchange and global awareness  It also seeks to develop long-term international partnership with Baltics and to design and implement Public Health based studies or programs for their students.
  32. 32. Existing Projects  BALTNET initiated and participated in the signing of an Affiliation agreement between the University of Connecticut Health Center (School of Medicine and School of Dental Medicine) and Kaunas University of Medicine in Lithuania.  This agreement allowed to develop collaborative opportunities between these two academic institutions including interactions between faculty and researchers  Promoted faculty led research interactions and collaborative publications.  It became an example for other academic institutions seeking to develop international partnerships or global studies based programs.
  33. 33. Research based projects in Ryga, Latvia  In July, 2008 members of BALTNET took a trip to Riga, Latvia.  the group witnessed the fast growing business competition and Latvia’s successful integration into European and global markets  a reflection of the country’s successful National Innovation System.  BALTNET extended an invitation to researchers and companies to attend MEDI 08 in Hartford, CT on September 9-10.  MEDI 08 - a comprehensive annual medical conference and exhibition  It was presented in partnership with BEACON (Biomedical Engineering Alliance & Consortium).
  34. 34. BALTNET in Ryga, Latvia, 2008
  35. 35. BALTNET at MEDI 08
  36. 36. Previous Projects. Follow-up on:  Follow-up on existing projects, contacts, and identification of priorities for future collaboration  Re- establishment of contacts with Lithuanian, Latvian and Estonian Consulates and Embassies in US  Re- establishment of contacts with Lithuanian, Latvian and Estonian Honorary Consuls in the United States and New England  Identification of interactions and cooperative work with CEENET (Central Eastern European Network) and other similar organizations  Re- establishment of contacts with Trade and Economy related Institutions in Hartford, Connecticut and in New England
  37. 37. New Projects  Business Trip to Lithuania during Summer 2014  Vilnius  Kaunas  Exploratory/Visit to Baltics during Summer 2014  Development of new academic projects based on requests and accessibility:  USJ, School of Pharmacy and Kaunas, Pharmacy School  USJC, Nursing School, and Nursing School in Kaunas, Lithuania  USJ, School of Health & Natural Sciences, and School of Public Health and Institute of Biomedicine in Kaunas, Lithuania  International College student exchange Program (between students in CT (Saint Joseph College) and students in  Lithuania or other Baltic States (Latvia and Estonia)  International High School student exchange Program between students in High School, Farmington, Connecticut and Vilnius, Lithuania
  38. 38. New Projects  City of Kaunas  Municipal Officials from Kaunas to visit Hartford to establish relationships and to better understand the infrastructure of the city of Hartford’s management.  Establishment of Sister City Relationship between Vilnius and Hartford  Exchange and collaborative projects in areas of education, ecologically safe technologies, alternative energy sources, transportation, city infrastructure and etc.
  39. 39. Other new Projects in progress  Establish a High School Exchange Program between Connecticut and the Baltic Region  ie: Connecticut High School, Farmington and Vilnius High School in Lithuania  Rocky Hill High School and Alytus High School in Lithuania  Expand on the Model set up by Hartford Hospital and Estonia – Collaboration has been established between….  Planning –Visit to Lithuania – Collaboration with:  Health Care  Government  Education  Establishment of contacts with Ministry of Economy in:  Lithuania, Latvia and Estonia  Establishment of contacts with Economic Development Agencies in all 3 Baltic Countries  Vilnius  Riga  Talinn
  40. 40. Upcoming events and activities:  BALTNET Business Event  Attendees: Counsels from Lithuania, Estonia and Latvia  Attract Business Partners from Connecticut and the Baltic Region  Increase visibility of BALTNET  Establish Membership in Chambers of Commerce in:  Lithuania,  Latvia  Estonia
  41. 41. Collaboration agreements:  CEENET - Central Eastern European Network  Quinnipiac University  Jewish Federation  BEACON - Biomedical Engineering Alliance & Consortium  World Affairs Council  MetroHartford Alliance
  42. 42. Working together at MEDI 08
  43. 43. Previous Projects: Follow-up on:  Collaboration with Laboratory of Biomaterials. Dr. Liga Berezina  Center of Technology and Innovations in Riga. Dr. Janis Spigulis  Re-establishment of contacts with Latvian-American Chamber of Commerce in Riga  Establishment of contacts with Estonian-American Chamber of Commerce in Talinn  Establishment of contacts with Lithuanian-American Chamber of Commerce in Vilnius  BALTNET Membership at Chambers of Commerce in Baltics  Establishment of contacts Vilnius University, Lithuania.
  44. 44. Previous Projects and Activities in Progress: DISCUSSIONS-MEETINGS:  Dr. Chris Niekrash - in April, 2012 to follow-up on:  Research based project from School of Dental Medicine in Kaunas  Scientific publication on polyglycans use in patients with periodontitis for treatment and prevention  Dr. B. Koeppen – in May 2012 to explore collaboration between Quinnipiac University and academic institutions in Lithuania - School of Medicine in Kaunas and Vilnius University  Interim Head of Health Center Bruce Liang - Academic Deans of School of Medicine and School of Dental Medicine – in May, 2012  Planning Visit - Lithuania and the Baltics  Collaboration between University of Connecticut Health Center and Latvia/Riga  Follow up on activities based ion most recent trip to Lithuania, Summer 2013
  45. 45. Other areas of identification:  Number of Lithuanians-Estonians-Latvians in CT – Communities, businesses and STATISTICS  Number of Lithuanians-Estonians-Latvians in New England – Communities, businesses and STATISTICS  Fringe Benefit – Tourism:  Exploratory - Visiting trips to Lithuania, Latvia and Estonia  Bringing family members to Connecticut/New England  Baltic region Churches in Connecticut/New England STATISTICS  Cultural Centers  Strengthen Communities  Collaboration with Business Schools (UCONN, QU, HU and others).  Collaboration with Schools of Pharmacy (UCONN, USJ and others).  Anti-Terorism/Defense System Model in Connecticut and Baltics
  46. 46. Representation  Representation of Academic institutions in USA and in Baltic countries (Lithuania, Latvia and Estonia) and in New England.  USA:  UCONN  Quinnipiac  University of Saint Joseph  MIT (Massachusetts Institute of Technology)  Others  Baltics
  47. 47. Benefit for Hartford, State of CT and NE region  Benefits to the State of Connecticut  Increase visibility  Advertise the value of doing business in CT  Build long lasting relationships between the Baltic Region and Connecticut  Jobs – Improve the creation of new jobs by promoting the establishment of new businesses or joined ventures  Reach for descendants from Baltic Countries - Generations living/working in Connecticut DEMOGRAPHICS/STATISTICS  Baltic businesses established in Connecticut – How many? – description STATISTICS  Support Medical personnel coming into Connecticut
  48. 48. Need for Funds and Support:  General BENEFITS :  Increase visibility of Connecticut and New England  Increase Employment in Connecticut and New England by:  facilitating partnership and attracting investors  promoting new opportunities for business and joint ventures to be established in NE.  GOAL:  Maintain a Business Bridge between the  Baltic Region and Connecticut/New England  FUNDING :  Executive and Administrative Personnel  Support for personnel working on identification of resources for seminars, conferences, business events  Support for events and activities related to:  Business Matching  Advertisement of opportunities in CT and NE
  49. 49. Funding Needs  Administrative Personnel –  required to bring BALTNET to the next level.  We need to employ a dedicated individual to coordinate what has been accomplished already and to advance the mission, escalating the business bridge.  Planning –  Increase the visibility and knowledge of the “new” Baltic Region  Design and printing of materials  Increase cultural connections  Schedule regular events for celebration of cultural achievements in areas of business, trade or other professional fields (arts, music and etc.).
  50. 50. Other info?
  51. 51. Cultural: sites to visit: Gate of Dawn Shopping Center Vilnius Recreation
  52. 52. Accommodations Gate of Dawn Shopping Center Vilnius Hotels Vilnius & Kaunas
  53. 53. Questions
  54. 54. Thank You ~ Dr. Dalia Giedrimiene BALTNET Baltic New England Network, Inc.