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
© 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.

It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Baltic States seek a single regional assessment

Ministers of finance of Lithuania, Latvia and Estonia, the European Commission and NASDAQ appealed...

LMT presents three digital service innovations at Baltic Mobile Congress

LMT (Latvian Mobile Telephone) is the telecommunications market leader in Latvia and a digital service...

CERN is considering the possibility of establishing business incubation centre

Last week, CERN delegation paid a visit to Kaunas University of Technology (KTU) Santaka Valley. The...

Israeli cloud services integrator chooses Vilnius for European base

TeraSky, a leading Israeli cloud solutions integrator, has just announced the opening of its European...

The popular French fashion brand „Gémo“ enters the Baltic States: first store in Lithuania – in 2019

The popular French fashion brand „Gémo“ entered the Baltic States - the first regional store was...