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 LITHUANIAN GOVERNMENT 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 price index 52.44 60.50 GDP growth in 2013 3.3 % 90.40 % of Lithuanians have a secondary education 50.50 % of Lithuanians have a higher education 50 % of Lithuanians are fluent in at least 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

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Transcript of General Economics factsheet

Page 1: General Economics factsheet

€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

Page 2: General Economics factsheet

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