General Economics factsheet
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€6.82 billion in EU Cohesion Policy funding for 2014-2020 has been allocated to business support.www.lrv.lt
Acts as a consultant for foreign investors by setting up business and financial support.www.investlithuania.com
Fosters entrepreneurship, supports the export of Lithuanian companies and development of startups by facilitating partnerships, providing training and consultancy.www.enterpriselithuania.com
The agency for Science, Innovation and Technology helps to establish startup companies by providing financial support for research activities. www.mita.lt
Promotes and provides financial support and guarantees for the development of small and medium-sized businesses.www.invega.lt
LITHUANIANGOVERNMENT
Lithuania at a glance
INSTITUTIONAL SUPPORT
TALENT
ECONOMY
COSTS
Numbeo Cost of Living Index 2014. All consumer price indices relative to New York City
Food Rent Consumer priceindex
52.44 60.50
GDP growthin 2013
3.3%
90.40%
of Lithuanians have a secondary
education
50.50%
of Lithuanians have a higher
education
50%
of Lithuaniansare fluent in atleast 2 foreign
languages
17.13
Low corporate taxes
15%
Inflation
1.2%
NYC=100
Up to
Perfectly located at the heart of Europe, with world class ICT infrastructure and a dedicated, highly qualified talent pool; if you are looking to expand, let’s talk Lithuania.
Ministry of Finance, 2014
European Commission, 2013
Let’s talk Lithuania
TOP INVESTING COUNTRIES (2010 - 2013) TOP INDUSTRIES (2010 - 2013)
29%
Manufacturing
19%
18%
Other
10%Information Technologies
10%
USA
10%
United Kingdom
8%
Germany34%
38%
NordicCountries
OtherCountries
BusinessServices
11%Shared Service Centres
13%Sales, Marketing & Support
We are a government agency that provides free investment advice, contacts and data. Let’s talk if you need someone to:
INFORM you on business costs, labour, tax & legal settings and other business areas.CONNECT you to partners and organise your business meetings in Lithuania.FACILITATE the set up and launch of your company, as well as help you access governmental support.SUPPORT your investment by lobbying for more business friendly laws and assisting in one-off problems.
CIS population
Baltic region
Western Europe
340M
110M
250M
LIFESTYLE
We’ll make sure you enjoy every day spent here.
Mercer Cost of Living Index 2014 places Vilnius among Top 5 least expensive EU capitals to live in for expatriates. Vilnius is ranked by the New York Times alongside Copenhagen, Barcelona and Capetown as a hip and well managed place to live.
• •
TALENT
We know how to think big.
Nearly 100% proficiency in English among young professionalsLithuania is #1 in Technological Readiness in the CEE#1 for industry-university collaboration in the CEE
• • •
CONTACT US:
[email protected] Jogailos St. 4 | Vilnius LT-01116 | Lithuania www.investlithuania.com+370 5 262 7438
Financial Times FDI monitoring database, 2014 / Invest Lithuania, 2014
European Commission, 2013 / WEF Global Competitiveness Report 2014-2015
QUALITY & COSTS
We’ll help you make the most of your money.
4th lowest profit taxes in the EUSome of the lowest office rental costs in the CEE
• • KPMG, 2014 / BNP Paribas European Office Market, 2014
INFRASTRUCTURE
We’ll keep you connected.
#1 in the EU for fibre-to-home penetration4th globally in fulfilling business needs for ICT based on IMD Global Competitiveness Index1st in the CEE for quality of roads
• ••FTTH Council, 2013 / WEF Global Competitiveness Report 2014-2015
BUSINESS ENVIRONMENT
We’ll give you supportive business conditions to grow your operations.
#2 most favourable country for investment in Europe and #16 in the World3 days to start a new business
• • Foreign Policy's Baseline Profitability Index 2014 / Centre of Registers, 2014