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Newsletter
DISCOVER BUSINESS
LITHUANIA
  July 2009  
NOTICE: The Lithuanian Development Agency (LDA) has been restructured into two public organizations - "Invest Lithuania" and "Enterprise Lithuania". The Ministry of Economy of the Republic of Lithuania is the owner of the two new institutions.

Barclays Bank Starts Exploring Business Possibilities in Lithuania

The Lithuanian Ministry of Economy has signed a Letter of Intent (“LOI”) with Barclays Bank PLC (“Barclays”) to explore the possible establishment of a Barclays Technology Centre in Vilnius, Lithuania.

The Lithuanian Development Agency has been assisting Barclays in acquiring necessary information and data on the Lithuanian market as well as establishing a business contact network. Barclays is considering Vilnius as a potential location for a new Technology Centre to support its Global Retail and Commercial Banking activities. Vilnius is an attractive location for Barclays because of its strong talent pool of highly-skilled technology professionals, as well as its world-class infrastructure. »

World Lithuanian Economic Forum Gathered Lithuanians on 2-3 July 2009
World Lithuanian businesses and the Lithuanian diaspora are attended the World Lithuanian Economic Forum, a significant Lithuanian business and economics event took place for the 3rd time, on 2-3 July 2009, in Vilnius.

Lithuania is the intellectual potential of the World Lithuanians. Leaders in economics and business of the Lithuanian origin and of different generations gathered to the Forum to discuss about the prospects for more competitive business in Lithuania as well as to celebrate the Millennium of Lithuania.»

Lithuania. Video Presentation
The Lithuanian Development Agency (LDA), and UAB Artbox and film director Donatas Ulvydas, present live, colourful and informative video presentation on Lithuania (in the English language), an attractive destination for business development and life.

Lithuania. Video Presentation (Duration 8 min 4 s, MPEG 272 MB)
Lithuania. Video Presentation (Short Version) (Duration 1 min 21 s, MPEG 60,4 MB)

Also please find out more about LDA products at http://www.lda.lt/en/InfoService.html

Economic Outlook for Lithuania (Central Bank’s Forecast)

Due to the economic downturn in Lithuania, which began in the end of 2008, macroeconomic imbalances of several recent years are diminishing. In the first months of 2009, the current account become almost balanced, inflation and wage growth is decreasing significantly. The current downturn will be related to material structural changes; however, capability of enterprises and households to react flexibly to unfavourable economic shocks provides the grounds for a successful long-term economic development.»

Investment Opportunities Remain Even in Tough Times

During the THE WORLD FORUM for Direct Investment 2009, hosted by Red Hot Locations in association with Lithuanian Development Agency, which took place on June 10th & 11th in Vilnius, internationally expanding companies, investment promotion agencies and FDI consultants agreed that although times are tough, investment opportunities remain.»

    

Lithuania in Numbers
  2008
Population (m)
 3,35
GDP (%)
 3.1
GDP (€ bn)
 32.3
GDP per capita (€)
 9,600
FDI (€ bn)
 9.1
FDI per capita (€)
 2,896
Exports (€ bn)
 16.1
Imports (€ bn)
 21
Unemployment (%)
 5.8
Average monthly gross
salary (€)
 672
Source: Lithuanian Department of Statistics, www.stat.gov.lt

The Exceptionally Festive Summer of 2009

Lithuanians and guests from abroad will enjoy the exceptionally festive summer of 2009 in Lithuania.»
    

Lithuania Celebrating
Lithuania celebrates the Millenium since the first mention of its name in written records
Vilnius – European Capital of Culture 2009
5th Anniversary of EU Membership

Business News&Events

Lithuanian Prime Minister: Lithuania is on Course for 2012 Euro

Lithuanian Prime Minister Andrius Kubilius announced that Lithuania is on course to adopt the euro in three years, in 2012. »

New Flights – Let the Journey Begin

The airline company Star 1 Airlines is starting flights from Vilnius to London (Stansted), Dublin and Girona (located 90 km away from Barcelona). The airline will operate 4 weekly flights to London starting from 3rd July, 3 weekly flights to Dublin from 4th July, and 2 weekly flights to Barcelona from 5th July. »

Honorary Consulate Opened in Liechtenstein

On 16 June, the bureau of Lithuania’s Honorary Consul Mark Anthony Keel was officially opened in the Principality of Liechtenstein. »

Lithuanians Developed Orthopedic 3-D Scanner

To make the perfect fit for shoes during production, the Lithuanian UAB ELINVISION has developed a 3-D foot scanner.»

Services by INVEST LITHUANIA
zyma Information and consultancy on investment in Lithuania
zyma Search for matching partners and building contact networks
zyma Guidance through the investment location selection process and company visits
zyma Investment aftercare

Contacts
Jogailos str. 4, LT-01116 Vilnius, Lithuania
Ph. (+370 5) 262 7438
Fax (+370 5) 212 0160
E-mail info@investlithuania.com
www.businesslithuania.com
Invest Lithuania in Social Media:
Facebook
Twitter
Services by ENTERPRISE LITHUANIA
zyma Information on Lithuanian products and manufacturers 
zyma Search for matching partners
zyma Incoming/outgoing trade missions and contact fairs
zyma International business promotion projects

Contacts
Jogailos str. 4, LT-01116 Vilnius, Lithuania
Ph. (+370 5) 249 9083
Fax (+370 5) 212 0160
E-mail info@enterpriselithuania.com
www.businesslithuania.com
Enterprise Lithuania in Social Media:
Facebook
Twitter
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