aA
The latest figures show that last year was a record year for Lithuania and Invest Lithuania with 50% more jobs created from foreign investment than last year, according to the agency.
Mantas Katinas
Mantas Katinas
© DELFI / Karolina Pansevič

“This year, there were 50% more jobs created than last year,” said Mantas Katinas, the general manager of Invest Lithuania on Žinių Radijas. “In the last five years Lithuania from a very low base is improving its position in the different business environment rankings. The organisation Invest Lithuania is getting stronger as well, there are business clusters forming in Lithuania that will become centres of attraction for other companies. This inertia effect allows to improve the performance for a number of years and this year we have achieved record results,” he said.

Three sectors lead the way in this improved performance, manufacturing, service centres and next-generation digital businesses, according to Katinas. The number of investment projects secured, the number of jobs created and the level of investment in fixed assets all increased.

“It is important that investment in production is recovering in Lithuania, this is reflected in investments in fixed assets of €144 million this year. The second area was service centres – where large companies’ centres of excellence are established in Lithuania. The third area - next-generation digital businesses which are very popular among international media. Lithuania, with many talented people, is able to attract investors in this very promising sector,” he said.

Žinių Radijas

|Populiariausi straipsniai ir video

Lithuania mulls setting up virtual flag airline

The Lithuanian Transport Ministry proposes to set up a virtual flag carrier to reduce the country's...

Lithuania provides assistance to Belarus to fight COVID-19

On 3 June, in response to Belarus’ request for international assistance, the Government adopted a...

Foreign minister: EU's external borders unlikely to open until late June

The European Union 's external borders may remain closed until late June, Lithuanian Foreign...

3 new coronavirus cases in Lithuania

On Wednesday, 3 new COVID-19 cases were detected in Lithuania. Overall, Lithuania has already...

Lithuania gives nod to relaunch flights to 3 more countries

The government on Wednesday gave the green light for airlines to relaunch regular flights from...

Top news

Foreign minister: EU's external borders unlikely to open until late June

The European Union 's external borders may remain closed until late June, Lithuanian Foreign...

Lithuania mulls setting up virtual flag airline

The Lithuanian Transport Ministry proposes to set up a virtual flag carrier to reduce the country's...

Colombian student in Vilnius: once you go to other countries, you open a door that may be difficult to close

Colombian student Jorge Andres Agudelo Zuniga came to Vilnius in 2018 for studies via Australia. He...

Actor Gediminas Girdvainis passes away

Lithuanian theater and film actor Gediminas Girdvainis died at the age of 76 on Wednesday, the head...

3 new coronavirus cases in Lithuania

On Wednesday, 3 new COVID-19 cases were detected in Lithuania. Overall, Lithuania has already...

|Maža didelių žinių kaina