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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.
Delegation of More than 50 Chinese Business Representatives Arriving to meet Lithuanian Business Partners
 Next week a delegation of more than 50 Chinese businessmen, accompanying the Chinese Vice-Premier Hui Liangyu, are arriving to Lithuania to meet potential Lithuanian business partners.
Lithuanian Development Agency, the Ministry of Economy of Lithuania as well as the Chinese Embassy are organizing a Lithuanian-Chinese business forum and a contact fair on the 31st of August in Vilnius. Lithuanian enterprises will have a chance to individually meet business representatives from Chinese engineering, energy, chemical, construction, logistics, pharmaceutical and other industries and discuss potential joint business projects.»
Moog Medical Devices to Invest EUR 2M in Lithuania and Establish Services Centre
The U.S. company Moog Medical Devices which acquired the company the Lithuanian Viltechmeda at the beginning of the year 2009, intends to invest EUR 2M in Lithuania in the nearest future, to establish a modern services centre and expand its research and technology branch. »
Standard & Poor’s: Lithuanian Government Is Taking Sufficient Measures
On Monday Standard & Poor's (S&P) affirmed Lithuania's long-term investment grade sovereign foreign currency BBB credit rating and removed it from a CreditWatch negative position, citing government commitments to address deteriorating public finances. »
Meet LDA Abroad
ALIHANKINTA SUBCONTRACTING 2009 Trade Fair in Finland
The annual international Alihankinta Subcontracting 2009 trade fair will bring together the most important contacts from the subcontracting industry for the 19th time on September 8th-10th 2009 at the Tampere Exhibition and Sports Centre in the Tampere city in Finland. »
Strong Lithuanian Businesses’ Interest in Scanpack 2009, 20-23 October, Sweden
For the first time ever a string of companies from the Baltic countries will be exhibiting at Scanpack, Scandinavia’s leading fair for the whole packaging industry, which will be held in the Swedish Exhibition & Congress Centre in Göteborg for the 16th time on 20-23 October. »
Swedish Press: Worst Times Has Already Passed for Lithuania
Yesterday the Swedish business daily Dagens Industry published an interview with Andrius Kubilius, the Prime Minister of Lithuania, to Bloomberg News. In the interview Mr Kubilius states that Lithuanian export and industry indexes are showing improvements and the recovering German and French economies stimulate the Lithuanian economy as well. »
Quality of Living in Vilnius Higher Than in Neighbouring Capital
Vilnius is the highest-ranking capital (79) among neighbouring countries according to the annual worldwide Mercer's 2009 Quality of Living Survey. The results of the survey show that the quality of life in Lithuania’s capital is better than that in Riga (Latvia), Tallinn (Estonia), Warsaw (Poland), and Minsk (Belarus) as well as some other European cities. Vilnius is also ranked higher than Lisbon (Portugal), Athens (Greece) and Prague (the Czech Republic) in terms of infrastructure. »
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| 2008 |
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Population (m)
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3,35 |
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GDP (%)
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3.1 |
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GDP (€ bn)
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32.3 |
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GDP per capita (€)
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9,600 |
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FDI (€ bn)
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9.1 |
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FDI per capita (€)
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2,896 |
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Exports (€ bn)
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16.1 |
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Imports (€ bn)
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21 |
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Unemployment (%)
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5.8 |
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Average monthly gross
salary (€)
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672 |
Source: Lithuanian Department of Statistics, www.stat.gov.lt
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Lithuania Visited for Both Leisure and Business Purposes
Statistics Lithuania informs that the number of overnight trips of foreigners in 2008, against 2007, grew by 8.5 % (from 1.5 million in 2007 to 1.6 million in 2008), while that of the same-day trips – by 4.4 % (from 2.7 million in 2007 to 2.8 million in 2008). »Fujitsu Expands WiMAX Terminal Ecosystem in Lithuania
Fujitsu Microelectronics Europe (FME) and the Lithuanian IT enterprise “Teltonika” collaborate to offer WiMAX operators a new and expanded range of WiMAX terminals. Teltonika with R&D, production and support in Vilnius, Lithuania, will expand its wirelessGSM, GPRS and HSDPA modules and terminals portfolio with new WiMAX terminals based on Fujitsu’s second generation WiMAX chipset and protocol stack. » Long-Term Production Contract with the US Company Chatsworth Products
Last month the Lithuanian UAB Stansefabrikken has signed a long term cooperation agreement with Chatsworth Products, Inc., (CPI). UAB Stansefabrikken will produce cabinets for a storing and securing IT equipment, which are going to be shipped to European countries, the Middle East countries and Africa. All preparation works are planned to be done within August and the serial production should start in September. » New Shopping and Entertainment Centre Opened in the Capital City
The German developer “ECE” together with Lithuanian partners opened a new shopping and entertainment centre Ozas Gallery last Thursday in Vilnius. Ozas Gallery was built in less than two years by Kayi Construction, and the investment volume came to EUR 170M. » Klaipėda Seaport to Connect Asia and Scandinavia
The international transportation company YASHEYA has chosen Klaipėda State Seaport to transport containerised bulk cargo from India to Scandinavia. »
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5th Anniversary of EU Membership
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Services by INVEST LITHUANIA
 Information and consultancy on investment in Lithuania
Search for matching partners and building contact networks
Guidance through the investment location selection process and company visits
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:
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Services by ENTERPRISE LITHUANIA
Information on Lithuanian products and manufacturers
Search for matching partners
Incoming/outgoing trade missions and contact fairs
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:
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