Vilnius
© DELFI / Šarūnas Mažeika

Statistics Lithuania data suggests that the number of foreign-capital firms and their employees increased by a quarter over the past six years in Lithuania.

While three global companies moved their production out of the country, Lithuania remains the most popular foreign investment destination in the region.

With three big companies, including Coca-Cola, departing from Lithuania for operations optimization, up to 150 jobs have been lost. Nevertheless, investment attracted last year should create more than 4000 new jobs.

This year, a number of large companies have entered the country. An example is a Danish window and door manufacturer that plans to commence production in Marijampolė and employ around 1,000 people over the next decade.

Specialists note, however, that the departure of even one company is a bad signal for new potential investors.

LRT

Nauseda moves to stop political parties from using state property for free

Lithuanian President Gitanas Nauseda vetoed on Tuesday legislative amendments allowing political...

Prime Minister wins confidence vote in parliament (1)

Saulius Skvernelis won a confidence vote in the parliament on Tuesday, clearing the way for him...

US court dismisses ex-Lithuanian judge's extradition appeal

A US court has dismissed an extradition appeal by Neringa Venckiene , a former Lithuanian judge and...

Survey: President tops popularity rating

Lithuanian President Gitanas Nauseda tops the popularity rating in the country, according to the...

Lithuania joins group of countries condemning Beijing's treatment of Uighurs

Lithuania has joined a group of countries condemning China 's treatment of the Uighur ethnic...