News & Events

With one of the fastest growing economy and productivity rates in the EU, the country has all the right figures to make the bottom line work for any manufacturing business.

• GDP: 2014 3.5% / 2015 1.8% / 2016 2.3% / 2017 3.9%
  Source: Bank of Lithuania, 2018

• Member of European Union and NATO, part of Eurozone and Schengen area.
• Global rankings:
• Highest ranked employee motivation level in CEE countries
  IMD Talent Report, 2016

• 16th for ease of Doing Business
  Source: World Bank, Ease of Doing Buisness, 2018

• 19th for Economic Freedom
  Source: Heritage Foundation, 2018

• 41st at Global Competitiveness Index
  Source: World Economic Forum, 2017

• Exports [change on preceding year]: 2014 3.5% / 2015 -0.4% / 2016 2.9% / 2017 10.4%
  Source: Statistics Lithuania, 2018

• 50.4% or 2nd highest in the EU share of youth [25-29yrs] with tertiary education
  Source, Eurostat, 2016

• 84% proficiency in English
  Source: Population census, 2011

• 4th in the EU for Bachelors graduates in science, maths, computing, engineering, manufacturing and construction
  Source, Eurostat, 2014

• Average salary: 850,8 Eur
  Source: Statistics Lithuania, 2018

• Labour force productivity: Lithuania 4.4 / EU average 1.5 / Poland 3.2 / Latvia 3.9 / Germany 0.7
  Source: Eurostat, 2017

• Taxes: 0% income tax for 10yrs and 7.5% for next 6yrs and 0% real estate tax in Free Economic Zones.
• Wifi: Highest internet speed in CEE
  Source: Global Competitiveness Report, 2016-2017

  and 8th globally for overall mobile internet speed
  Source: Open Signal, 2017