aA
Lithuania’s Prime Minister Algirdas Butkevičius has invited China’s online retail giant Alibaba Group to set up a logistics and packing center in Lithuania.
Algirdas Butkevičius
Algirdas Butkevičius
© DELFI / Tomas Vinickas

“Lithuania has a good business climate. The World Bank ranks us among 20 world countries with the most favourable environment for business creation,” Algirdas Butkevičius said in a press release.

Butkevičius, who met with Alibaba Group founder and executive chairman Jack Ma during his official visit to China, pointed out that the Lithuanian postal service was among the Chinese company's partners. Moreover, Lithuania has five free economic zones that could offer favourable terms for investment, he added.

According to the government’s press service, Jack Ma said that the company was interested in developing operations in Eastern Europe and saw Lithuania as a country that could become a gatewaybetween the Asian market and the Euro area and all of Europe. He also said that Butkevičius’ proposal to establish a logistical center was noteworthy and promised to consider an invitation to pay a visit to Lithuania.

Alibaba Group describes itself as the largest online and mobile commerce company in the world in terms of gross merchandise volume. Its market capitalization amounted to $259 billion US dollars in 2014.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
|Populiariausi straipsniai ir video

Ukrainians coming to Lithuania to work should be better informed about working conditions

Ukrainians coming to Lithuania to work should be better informed about working conditions after...

Leading Swiss engineering consultancy plans to double its Vilnius team

Engineering consultancy CSD Engineers has announced plans to double the size of its team in Vilnius...

Orlen Lietuva to carry its 1st cargo using rebuilt Renge section

The first freight train will go via the railway section from Lithuania's Mazeikiai to Renge in...

Maxima and Biovela face huge fines over contaminated meat

Lithuanian retail chain Maxima and meat processing group Biovela Group are facing...

MG Baltic trial: ex-MP Gustainis says charges 'plucked out of thin air'

Former MP Sarunas Gustainis , one of the defendants in a high-profile political corruption trial...

Top news

Ex-Pentagon chief Mattis awarded by president

Lithuanian President Gitanas Nauseda awarded 34 Lithuanian and foreign nationals for their merits to...

Ukrainians coming to Lithuania to work should be better informed about working conditions

Ukrainians coming to Lithuania to work should be better informed about working conditions after...

Lithuania chose its song for ‘Eurovision’!

Lithuania’s 'Pabandom iš naujo!' has come to an end. After 3 heats, 2 semi-finals and Saturday’s...

Google presented Lithuanian initiative to world

The Internet giant Google has presented its video about Debunk EU during the Google News...

Famous Lithuanian poet Navakas dies

Famous Lithuanian poet Kestutis Navakas died on Sunday at the age of 55.

|Maža didelių žinių kaina