Discover main competitive advantages of investing in Lithuania. Some of the main reasons are cost effectiveness, highly skilled workforce, well-developed infrastructure and macroeconomic stability.
There are many more. Find out below.
COST- EFFECTIVE BUSINESS ENVIRONMENT
Lithuania has been a member of the EU for over a decade now and is perfectly located to serve European, Scandinavian and CIS markets.
Ambitious young professionals
TRAINING INCENTIVES
Lithuania’s government recognizes the importance of training programs for improving the skills of the workforce, and thus offers various incentives for employers to provide training to potential hires and current employees.
LANGUAGE
80% proficiency in English among young professionals.
Main languages: Russian, German, Polish, Scandinavian and Romanic languages.
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
SKILLED AND MOTIVATED TALENT POOL
Lithuanians take pride in having strong work ethics being an integral part of Northern European culture, while at the same time having an extensive experience and knowledge of doing business within EU.
Ambitious young professionals
TRAINING INCENTIVES
Lithuania’s government recognizes the importance of training programs for improving the skills of the workforce, and thus offers various incentives for employers to provide training to potential hires and current employees.
LANGUAGE
80% proficiency in English among young professionals.
Main languages: Russian, German, Polish, Scandinavian and Romanic languages.
Lithuania offers all of the infrastructure and services, companies need in order to operate, at levels that meet or exceed European standards.
RESEARCH AND DEVELOPMENT
Lithuania has received € 6 billion in grants for a period of 2014-2020 for different projects generally oriented into R&D Infrastructure and SME development.
Business experience in Western Europe and especially CIS countries
Excellent geographical location for European distribution centers
Innovative and complex logistical solutions
High-quality standards which comply with the requirements of EU and Asia
20%
of Lithuania's total value added is generated by manufacturing.
x2
the turnover of foreign controlled manufacturing companies doubled since 2009.
70%
of manufacturing production is exported, mainly to EU.
TRANSPORTING AND LOGISTICS
Lithuania is well-connected through a network of highways and railways, including the North-South highway, the railway connecting Scandinavia with Central Europe, as well as an East-West route linking the eastern markets with the rest of Europe. According to the EU Commission, these are among the 10 most important in Europe. Also, the Trans-European rail transport project Rail Baltica aiming to integrate the Baltic States in the European rail network is in the pipeline.
INFORMATION AND TECHNOLOGY COMMUNICATION
Lithuania has one of the fastest telecommunications infrastructures in the world, providing companies seamless connection with customers and partners abroad.
