Government considers replacing economic attache with specialized envoys
Monday, July 24, 2017
In an effort to attract more investments and protect Lithuania's interest abroad, the government has come up with an idea of replacing commercial attaches working in embassies with specialized envoys of institutions.
Invest Lithuania, the government's foreign investment promotion agency, will look at how to attract local and foreign investors to the district of Šalčininkai, in the southeastern part of the country, Prime Minister Saulius Skvernelis said on Friday.
A day after the Tesla Motors lithium accumulator factory opened in Nevada, government and business representatives met for a discussion of the potential to build such a gigafactory in Lithuania as well.
For a decade we have heard repeated stories of foreign companies entering Lithuania and successfully establishing their branches here, but this could become a rarer sight if the country’s demographic crisis is not stymied.