Lithuania – more and more attractive to investors
Lithuania now is the most attractive country to invest in the Baltic region and the second most attractive in Europe. These such optimistic projections revealed auditing and consulting company EY (formerly Ernst & Young ) in the Study of investment attractiveness of the study . Only in the last year in Baltic region foreign investment created 2,450 jobs , 1,717 of them – in Lithuania (which is 15 per cent more than in 2011 ).
“Now the most important thing – to predict several moves ahead , to assess potential threats and not to disappoint investors ,” – says vice minister of Economy Mr. Kestutis Trečiokas . He is no doubt on Lithuanian investment attractiveness .According to him, “we are hard-working, educated, geographically in a convenient location . There is a stable and the economic situation of the country and the government’s attitude to the investment also is good .”
VON factory which is one of the largest manufacturers of fishing nets in the North Atlantic region, having subsidiaries in Denmark, Grenland, Newfoundland and Faroe islands chosen Lithuania for favorable logistics, reliable and cheap labor force . “The decision was taken quickly , we are going to start business operations next year in the autumn ” – promises VON factory manager Ruta Solovjova. The company is intending to invest in Lithuania 7-8 million litas.
This year the initiatives to start business or expand it in Lithuania decided 20 foreign investors. It is expecting that these projects will create more than 1,450 new jobs. Comparing to the same period of the last year , investment projects increased in 67 percent .
Since the beginning of this year summer in Lithuania invested enterprises:
1. Russian sanitary fittings manufacturer Ani Plast is building a plant in Klaipeda FEZ ( LTL 31 million )
2. Agricultural machinery manufacturer Kinze Manufacturing plant opens in Trakai near Vilnius (22 mln. LTL)
3. Norwegian Jotron in Kaunas will produce communication devices ( 9.4 million LTL)
4. Fishing net production Concern VON in Siauliai builds fishing equipment factory ( planned investments – 7-8 million LTL)
5. Low-cost airlines company Ryanair is investing in the development of the aircraft division in Kaunas ( 5.6 million LTL)
Source : veidas.lt
