The combination of dynamic economic growth, liberal tax code, a strong legal framework to protect investors and an educated and skilled workforce presents a solid platform for successful business in Lithuania.
Lithuanian economy and industry is very entrepreneurial and highly motivated to develop.
• Information on business opportunities
Guidance on setting up businesses. Introduce investors to Lithuanian business and authorities. Advise on market entry. Identify Lithuanian business partners. Facilitate investment into Lithuania. Provide research and analysis on Lithuanian markets
Lithuania has an excellent infrastructure. Lithuanian public and private investment has developed a dynamic nationwide network of roads, railroads, harbors and airports.
Lithuania offers a high quality of living to visitors. Lithuanian environment is clean, with a focus on Green Energy production.
Lithuania is a country in Northern Europe, the southernmost of the three Baltic states. Situated along the southeastern shore of the Baltic Sea, it shares borders with Latvia to the north, Belarus to the southeast, Poland, and the Russian exclave of Kaliningrad to the southwest. Lithuania is a member of NATO and of the European Union. Its population is 3.5 million. Its capital and the largest city is Vilnius. In 2009 Capital of Lithuania (Vilnius) was European Capital of Culture.
Size & Territory
Lithuania is the largest of the 3 Baltic States in terms of population, territory, and economy. Its territory of 65,300 sq km is larger than that of Belgium, Denmark, the Netherlands, or Switzerland. Lithuania's 722 rivers, more than 2,800 lakes, and 99 km of the Baltic Sea coastline are mostly devoted to recreation and nature preservation.
Major Cities
The capital, Vilnius (population ~650,000); Kaunas (~420,000); Klaipėda (~200,000); Šiauliai (~140,000), and Panevėžys (~120,000).
Population
Lithuania has the largest population of the three Baltic States, ~3.5 million (83.5% are ethnic Lithuanians, 6.7% Polish, 6.3% Russians, and 3.5% of other nationalities).
Religion
Mostly Roman Catholic. Other religions include Russian Orthodox, Evangelical Lutheran, Judaic, etc.
State Language
Lithuanian is closely related to the old Sanskrit and belongs to the Baltic family of Indo-European languages.
Currency
Litas (LTL or Lt), which is pegged to the Euro at the rate of 3.4528 LTL/EUR. 100 cents = 1 LTL. Lithuania expects to start the process of joining the Euro zone in 2010.
Time
Lithuania is in the Central European Time Zone: GMT+2 hours (+3 hours summer time). When it is noon in Vilnius, it is 11:00 am in Stockholm and Frankfurt, 10:00 am in London and 5:00 am in New York.
Climate
Maritime/continental. Average July temperature +23°C; January - 5°C.