- Why invest in Klaipeda Fez?
- Invest in Lithuania
- Business environment
Business environment
Lithuania’s membership in international organizations, compliance with EU and international laws and sustained economic growth guarantee a favourable and secure environment for foreign investment.
- Member of the United Nations - 1991, European Union - 2004, NATO - 2004, Schengen Zone - 2007 and other international organizations
- Best service business, offshore destination, chosen by Western Union (USA, 2010), Barclay’s Bank (UK, 2009), Lindorff (Norway, 2008), Unicall (Norway, 2008), SEB (Sweden, 2008), CSC (USA, 2007)
- Projected GDP for 2011 - €42.767 billion; per capita - €13.066. (IMF)
- Largest economy in the Baltic States with GDP equalling 47% of the total Baltic GDP
- Business-friendly tax policy, with a 15% corporate tax and 15% individual taxation
- Highly efficient logistics centres with 634,000 sq. meters of modern warehouses available across the country
- 7.3 billion in EU and state support available for R&D, human resource development, real estate and other projects.
Key Economic indicators
| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012(forecast) | |
|---|---|---|---|---|---|---|---|---|
| GDP, EUR, bn |
21,0 | 22,8 | 24,8 | 25,5 | 21,8 | 22,1 | - | - |
| GDP growth (annual), % | 7,8 | 7,8 | 9,8 | 2,9 | -14,8 | 1,4 | 5,8 | 2,5 |
| Annual inflation, % | 3,0 | 4,5 | 8,1 | 8,5 | 1,3 |
3,8 |
4,1 |
2,5 |
| FDI inward stock, EUR bn | 6,9 | 8,4 | 10,3 | 9,2 | 9,6 | 10,3 | - | - |
| Imports, EUR bn | 12,4 | 15,4 | 17,8 | 21 | 13,1 | 16,2 | - | - |
| Unemployment, % | 8,3 | 5,6 | 4,3 | 5,8 | 13,7 | 17,8 | 15,6 |
14 |
Source: Ministry of Finance of The Republic of Lithuania www.finmin.lt; Invest Lithuania www.investlithuania.com
