Direct foreign investment (FDI) were on the rise in Lithuania last year, growing from 0.6% to 2.1% of the country's GDP year-on-year.
© DELFI / Kiril Čachovskij

Most of the growth was accounted for by re-investment and investment into assets. Most foreign investment went into finance and insurance, IT and processing industry. Meanwhile investment into education and research fell, Verslo Žinios reports.

The FDI growth was also boosted by several big purchases of Lithuanian firms by foreign companies. The biggest deals included Iceland's Gjensidige Forsikring ASA buying the insurance company PZU Lietuva from Poland's PZU.

Finance and insurance market accounted for 28% of the total FDI last year. Sweden was the biggest single investor with 24% of the total FDI share, followed by the Netherlands, Germany and Norway.

Economists note a new trend of game developers from countries like Russia, Ukraine and Belarus moving their operations to Lithuania, Verslo Žinios reports.

Volumes of detained cigarette contraband triple

The volumes of contraband cigarettes detained by Lithuanian customs officers have tripled this...

More than half of people in country think new president should meet with Putin

More than half of residents of Lithuania believe the country's new president should meet with...

Young people in Vilnius and Klaipeda joined climate change protests

Young people in Lithuania's cities of Vilnius and Klaipeda plan to join an international protest...

Reuters: US ambassador pressed Lithuanian government on Huawei (1)

The US ambassador pressed the Lithuanian government not to allow China's technology giant Huawei...

More than 140 thousand cast ballots in 4 days of early voting

Some 140,228 people, or 5.78 percent of all eligible voters , cast their ballots during four days of...