Lithuania

Goods and services created in Lithuania are rapidly gaining international recognition. From breakthroughs in the field of mobility to gene editing technologies and open banking solutions – innovations developed in Lithuania are considered among the most advanced.

Lithuania holds third place in Europe by the number of FDI jobs per capita. Foreign direct investment is the main component of Lithuania’s continued growth. Having a number of non-saturated sectors and untapped potential, Lithuania can offer favourable conditions to companies operating in different industries.

The close linkages between talent, educational institutions, and business together give rise to an environment that facilitates innovation in Lithuania. From the world’s most powerful laser to internationally recognised VPN technologies – the ingenuity and creativity of Lithuanians know no bounds. This is precisely the reason why companies are forming world-class research groups here, availing themselves of competitive terms and state aid for scientific research and economic development.

Lithuania’s geographic location is convenient to both international manufacturing and logistics companies, and service centres. Situated at the juncture between Western Europe, Scandinavia, and the CIS countries, Lithuania is not only logistically advantageous to companies aiming to enter EU markets, but also characterised by the spirit of multiculturalism, which is crucial for international companies. These factors, along with excellent transport and communications infrastructure, constitute the ground of success for local and foreign businesses alike.

Lithuanian e-infrastructure has been recognised as among the best in the European Union and the world. In addition, Lithuania is a global leader in meeting the ICT needs of businesses, and a regional leader in broadband connection and optical cable infrastructure. Lithuania’s favourable time zone also ensures broad coverage of communications services, making the country an excellent choice for international IT and communications activities.

Lithuania’s physical infrastructure provides investors with a wide range of fast, reliable, and high-quality logistics solutions, as well as opportunities for optimising ongoing operations. All Northern European, Western European, and Asian markets are easily reachable by sea, air, road, and rail transport.

Lithuanian talent consistently receives high scores from local and foreign companies and takes top spots in international rankings. Lithuanian specialists are currently number five in the world in terms of digital technology skills, with as many as 85% of young specialists being fluent in English, and 56% of the 25-34 cohort having a higher education degree.