Lithuania is constantly growing FDI due to geopolitical problems
Vilnius, LithuaniaAnd in 2022 August 15 /PRNewswire/ — Despite global economic challenges and war UkraineAnd Lithuania It has seen a steady increase in foreign direct investment, which proves that international companies still look to the country as a stable development partner.
During the year 2022 “Invest in Lithuania” helped attract 40% more FDI projects compared to 2021. In the first half of the year: 31, merged with 22. 15 new companies announced plans to establish here, and 16 companies approved development projects.
The Minister of Economy and Innovation, Osrin Armonite, emphasized that such a split, even among newcomers, is a sign of healthy growth: “There was no shortage of discussions about the possible impact of the war on the region’s economy, but Lithuania Maintain the image of attractive business partners. Lithuania Membership in NATO and the European Union, well-developed infrastructure, tax benefits, and highly qualified talent create a favorable business environment for international companies.
Technology remains the driving force
17 out of 31 FDI projects in technology confirm their dominance as the country becomes an increasingly active technology hub. The most powerful player on the scene is fintech. Lithuania It has the largest number of licensed FinTech institutions (147) in the European Union. This has resulted in a growing ecosystem of support: tech-savvy attorneys, human resources and communications to support professional end-to-end operations.
New entrants to the technology market include the leading US experience management company Raydiant, which established its largest office outside the US, and the German IT services powerhouse GOD, which opened offices in two of Lithuania’s largest cities.
Production projects are increasing
Lithuania in 2022 she also welcomed the production projects. New production facilities are one of the strongest indicators of a healthy and stable investment environment. Leading global manufacturer PON.Bike has announced two expansions LithuaniaRyanair Group’s FRC LT will develop an aircraft maintenance center, while veteran Dovista is improving its factory in Lithuania.
Energy security is going to become an urgent problem for manufacturers. the fact that Lithuania It is the first country in the European Union to completely wean itself off dependence on Russian gas, and it could benefit.
Lithuania It has been proven time and time again that it is particularly well suited to withstand geopolitical actions and actively react to them. with responsive authorities and strong, community-based people, Lithuania The drive and creativity of a company responding to the situation.
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Source of investments in Lithuania