Newly released data shows that German firms are the largest foreign direct investors in Lithuania's manufacturing industry.
© U. Karaliūnaitės nuotr.

The figures published by the Lithuanian Government's foreign investment and business development agency Invest Lithuania show that approximately EUR 400 million out of total investments from Germany (EUR 1.1 billion) go into manufacturing operations. The main focus of these investments are the oil, chemical, pharmaceutical and automobile sectors.

According to Invest Lithuania, Lithuania is proving increasingly attractive to German companies primarily due to its highly competitive quality to cost ratios, with personnel costs approximately one-fourth of the EU average. A well-developed business environment, offering corporate and income taxes of 15 percent, is also a major factor in attracting firms from Germany.

There are currently 325 companies located in Lithuania with German parent companies.

It is forbidden to copy the text of this publication without a written permission from ELTA.
Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Welcome to Vilnius workshops to support foreign talent relocating to Lithuania’s capital

This Tuesday Vilnius’ business development and tourism agency Go Vilnius at the Workland Business...

2018 was marked as the best year for Lithuanian cinema market after the restoration of independence

The Lithuanian film centre have summarized the local box office results - in 2018 distribution reached...

The number of foreign startups choosing Lithuania for starting their businesses is growing

Last year, the Startup Visa received 178 applications of foreign companies for participation in the...

Lietuvos Geležinkeliai starts Rail Baltica territory planning (1)

Lietuvos Geležinkeliai [Lithuanian Railways] is initiating the European gauge Rail Baltica...

Internet connection in Lithuania – one of the cheapest in the European Union

According to the study of the European Commission , Lithuania is among four Member States of the...