Lithuania has been a member of the EU for over a decade now and is perfectly located to serve European, Scandinavian and CIS markets. The Lithuanian economy and its engineering know-how are growing rapidly compared to other emerging EU members. Manufacturing efficiency, quality of life, R&D development and the general economy are expected only to grow in the future.
Today Lithuania acts as a manufacturing hub exporting goods all over the world. The top export destinations in EU are Germany, Sweden, Norway, Poland, Denmark, etc.
| Population | 3 mln |
|---|---|
| Capital | Vilnius |
| Official language | Lithuanian |
| Dominant foreign languages | English, Russian, German, Polish |
Lithuania received 6 bln. Eur in grants for period 2014-2020 for different projects generally oriented into R&D Infrastructure and SME development
up to 50% of costs of Industrial Research covered [max 1.16M EUR]
up to 25% of costs of Experimental Development covered [max 1.16M EUR]
up to 25% of costs of R&D Infrastructure covered [max 2.9M EUR]
up to 15% of costs of Process and Organisational Innovation covered [max 2.17M EUR]
Up to 50% of training costs covered [500,000 EUR per project and 3,000 EUR per working place]
Up to 60% of costs covered [850,000 EUR per project]
| Corporate profit tax | VAT | Dividends tax | Personal income tax | |
|---|---|---|---|---|
| 0 / 15 % | 21% | 0 / 15% | 15-20% |
#1 for Mathematics, Technology, and Science graduates in EU.
3-4% attrition rate in manufacturing companies
7,700 engineering graduates anually
75 vocational schools
15,000 vocational school graduates anually
80% proficiency in English among young professionals
Main languages: Russian, German, Polish, Scandinavian and Romanic languages.
Lietuvių