Lithuania leads the region in FDI-created jobs per capita

In 2017, Lithuania rose to 4th place in the European Union according to planned new jobs in foreign direct investment (FDI) projects per one million population. Only Luxembourg, Ireland and Romania scored higher, reports Invest Lithuania.

The report by the analytics team of Invest Lithuania states that last year 3,066 jobs were projected by FDI projects per million population. The EU average is more than three times lower – 900 jobs per million population.

“Lithuania rapidly broke into the segment of countries, in which FDI projects compete not by the cost of labour, but by competence, knowledge, and innovativeness. The fact that a fifth of companies last year chose Lithuania for product design and R&D centres is good news and at the same time an indication that to continue to compete with foreign countries we must strengthen our innovation policy,” the Minister of Economy, Virginijus Sinkevičius, said.

More information: investlithuania.com