Slide Lithuania – go for international business 2008 WWW.LDA.LT
Lithuania in the World <ul><li>Territory: 65,300 km 2 </li></ul><ul><li>Common borders with: </li></ul><ul><li>Latvia </li...
Lithuania Attractive for Business Establishment and Expansion <ul><li>Convienent geografical location </li></ul><ul><li>S...
110 m Baltic Sea Region population 340 m Western European population 250 m CIS population Part of the Baltic Sea Region & ...
Source: Lithuanian Department of Statistics, www.stat.gov.lt Half of the Total Baltic GDP , 2007
Lithuania n Economy at a Glance Source s : Lithuanian Department of Statistics, www.stat.gov.lt , Ministry of Finance, w...
Lithuania and Ma a stricht Criteria Sources: Eurostat , Europ ean Central Bank , Bank of Lithuania, Ministry of Finan...
G DP by Economic Sectors, 200 7 Source: Lithuanian Department of Statistics, www.stat.gov.lt
FDI in Lithuania , EUR b n, % Source: Lithuanian Department of Statistics, www.stat.gov.lt
Major Countries Investors , 2007 Source: Lithuanian Department of Statistics , www.stat.gov.lt
FDI in Lithuania by Sector , 2007 Source: Lithuanian Department of Statistics , www.stat.gov.lt
Slide Top Investors in Lithuania
Lithuania’s Foreign Trade , EUR m Source: Lithuanian Department of Statistics, www.stat.gov.lt
Lithuania’s Major Exports Partners, 2007 Source: Lithuanian Department of Statistics, www.stat.gov.lt
Lithuania’s Major Imports Partners, 2007 Source: Lithuanian Department of Statistics, www.stat.gov.lt
Lithuania’s Exports by Products, 2007 Source: Lithuanian Department of Statistics, www.stat.gov.lt
Lithuania’s Imports by Products, 2007 Source: Lithuanian Department of Statistics, www.stat.gov.lt
Profitability of Businesses Constantly Increasing Non-financial enterprises profitability growth Source: Lithuanian Depart...
One of the Most Business-friendly Tax Policies in the EU Ranking of total tax revenue by countries in 2006 as a percentag...
Slide Main Business Taxes , 2008 Tax % Corporate profit tax 15 VAT 18 Dividends 15 Personal income tax 24
One of the L owest T axes in Central and Eastern Europe , 2008 5% for books, magazines, medicine, frozen and ecologic ...
Wages , 2008 I I Q Source: Lithuanian Department of Statistics, www.stat.gov.lt Wages EUR M inim al hourly wages 1,40...
Competitive Wages Average monthly salary in EUR, 2007 * Sept 2007, ** in industry in 2006 Source: National Statistical Of...
Slide <ul><li>• O pening a company: </li></ul><ul><li>up to EUR 600 (documentation preparation , </li></ul><ul><l...
Purchasing Power in Lithuania (1) Purchasing power index by UBS investment bank (Switzerland) Source: UBS Investment bank...
Purchasing Power in Lithuania (2) Purchasing power index by UBS investment bank (Switzerland) Source: UBS Investment bank...
Slide • Crossroads of international transport routes - t wo EU-priority transport corridors • International airp...
D irect R outes to M ost C ities
• Transport hub, connecting sea, land and railway routes from East to West ; main shipping lines to the ports of West...
Ro-ro lines General cargo lines Container lines S hipping L ines
Slide Convenient Industrial Network Klaipėda FEZ: 412 ha greenfield territory Kaunas FEZ: 534 ha greenfield territory 8...
Diversified Industry • Industry - ͂ 23% of country’s GDP • ͂ 40% of total FDI settles down in industry (EUR ...
• A t least a EUR 5.8 m or, in the case of investment into the development of a R&D centre, at least a EUR 1.4 m investm...
EU Support for Lithuania in 2007-2013 A pprox. EUR 7 b n (approx. EUR 3 b n in 2004-2006) Source: Ministry of Finance , ...
Slide     Promising Economic Sectors (1) • Transport & l ogistics – excellent geografical location and infrastructu...
Slide     Promising Economic Sectors (2) • Machinery & electrical equipment – widely-acknowledged high-tech products •...
Slide • One of the best-educated people in Central and Eastern Europe; the percentage of Lithuanian population with h...
Source: Lithuanian Department ofStatistics, www.stat.gov.lt Most Popular Professions Most popular higher education pro...
High Quality of Life • 22 universities and 28 colleges (in all 5 biggest cities), more than 60 , 5 thous. education sp...
<ul><li>4 UNESCO World heritage sites </li></ul><ul><li>• Well-preserved nature, ecological tourism </li></ul><ul><li>...
WWW.LDA.LT Lithuanian Development Agency (LDA) <ul><li>A-to-Z information on the Lithuanian market </li></ul><ul><...
• Millenium of Lithuania in 2009 • V ilnius – European Capital of Culture 2009 • The World Forum for Direct Investm...
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Prezentacija Internetui En

Published on: Mar 4, 2016
Published in: Travel      Economy & Finance      
Source: www.slideshare.net


Transcripts - Prezentacija Internetui En

  • 1. Slide Lithuania – go for international business 2008 WWW.LDA.LT
  • 2. Lithuania in the World <ul><li>Territory: 65,300 km 2 </li></ul><ul><li>Common borders with: </li></ul><ul><li>Latvia </li></ul><ul><li>Belarus </li></ul><ul><li>Poland </li></ul><ul><li>Russia (Kaliningrad Region) </li></ul><ul><li>Population: 3,4 million (84 % of </li></ul><ul><li>Lithuanians, 7% Poles, 6.5% Russians ) </li></ul><ul><li>Capital and biggest city : Vilnius </li></ul><ul><li>(population: 5 42 ,000) </li></ul><ul><li>State Language: Lithuanian </li></ul><ul><li>State Government: Democratic </li></ul><ul><li>Republic </li></ul><ul><li>Religion: 80% of Roman Catholics, </li></ul><ul><li>5 % Orthodox </li></ul>
  • 3. Lithuania Attractive for Business Establishment and Expansion <ul><li>Convienent geografical location </li></ul><ul><li>Stable macroeconomic environment </li></ul><ul><li>Competitive business development c osts </li></ul><ul><li>Ecxellent infrasctructure </li></ul><ul><li>Industrial network and incentives for investors </li></ul><ul><li>Attractive business sectors </li></ul><ul><li>Quality human resources </li></ul><ul><li>Highest life quality among the Baltic States </li></ul>
  • 4. 110 m Baltic Sea Region population 340 m Western European population 250 m CIS population Part of the Baltic Sea Region & Crossroads of Huge Markets
  • 5. Source: Lithuanian Department of Statistics, www.stat.gov.lt Half of the Total Baltic GDP , 2007
  • 6. Lithuania n Economy at a Glance Source s : Lithuanian Department of Statistics, www.stat.gov.lt , Ministry of Finance, www.finmin.lt 2005 2006 2007 2008 (forecast) 2009 (forecast) GDP , EUR bn 20,7 23,8 28,1 3 1 , 9 35, 1 GDP, % 7 . 9 7 . 7 8 . 8 5.3 4.5 Annual average inflation, % 3 4 . 5 8 . 1 9 .2 5.1 FDI, EUR bn 6,9 8,3 10 - - Exports, EUR bn 9,5 11,3 12,5 - Exports growth , % 17 . 7 12 . 2 4 . 7 9 . 1 7 Import, EUR bn 12,4 15,4 17,7 - - Imports growth , % 17 . 2 13 . 8 9 . 1 8 . 1 5 . 5 Unemployment , % 8 . 3 5 . 6 4 . 3 5 . 2 6
  • 7. Lithuania and Ma a stricht Criteria Sources: Eurostat , Europ ean Central Bank , Bank of Lithuania, Ministry of Finance Ma a stricht (Convergence) Criteria Criterion figure in 2007 Lithuania’s performance in 2007 Price stability ( Inflation rate ) 2 . 8% 5 . 8% <ul><li>State finances:   </li></ul><ul><li>Government deficit   </li></ul><ul><li>Government debt </li></ul>3% 60% 0 . 9% 17 . 7% Currency exchange rate 3,4528 ±15% 3,4528 Long-term interest rate 6 . 4% 4 . 5%
  • 8. G DP by Economic Sectors, 200 7 Source: Lithuanian Department of Statistics, www.stat.gov.lt
  • 9. FDI in Lithuania , EUR b n, % Source: Lithuanian Department of Statistics, www.stat.gov.lt
  • 10. Major Countries Investors , 2007 Source: Lithuanian Department of Statistics , www.stat.gov.lt
  • 11. FDI in Lithuania by Sector , 2007 Source: Lithuanian Department of Statistics , www.stat.gov.lt
  • 12. Slide Top Investors in Lithuania
  • 13. Lithuania’s Foreign Trade , EUR m Source: Lithuanian Department of Statistics, www.stat.gov.lt
  • 14. Lithuania’s Major Exports Partners, 2007 Source: Lithuanian Department of Statistics, www.stat.gov.lt
  • 15. Lithuania’s Major Imports Partners, 2007 Source: Lithuanian Department of Statistics, www.stat.gov.lt
  • 16. Lithuania’s Exports by Products, 2007 Source: Lithuanian Department of Statistics, www.stat.gov.lt
  • 17. Lithuania’s Imports by Products, 2007 Source: Lithuanian Department of Statistics, www.stat.gov.lt
  • 18. Profitability of Businesses Constantly Increasing Non-financial enterprises profitability growth Source: Lithuanian Department of Statistics, www.stat.gov.lt
  • 19. One of the Most Business-friendly Tax Policies in the EU Ranking of total tax revenue by countries in 2006 as a percentage of GDP Source: Eurostat
  • 20. Slide Main Business Taxes , 2008 Tax % Corporate profit tax 15 VAT 18 Dividends 15 Personal income tax 24
  • 21. One of the L owest T axes in Central and Eastern Europe , 2008 5% for books, magazines, medicine, frozen and ecologic food products, passenger transportation etc. 9% for residential property construction and renovation Corporate tax, % Personal i ncome tax, % VAT, % Lithuania 15 24 18 Latvia 15 25 18 Est onia 21 21 18 Poland 19 19 , 30, 40 22 Czech Rep. 21 15 19 Slovakia 19 19 19 Hungary 16+4 18, 36 20 Bulgaria 10 1 0 20 Romania 16 16 19
  • 22. Wages , 2008 I I Q Source: Lithuanian Department of Statistics, www.stat.gov.lt Wages EUR M inim al hourly wages 1,40 Minimal monthly wages 232 Average monthly wages 6 48
  • 23. Competitive Wages Average monthly salary in EUR, 2007 * Sept 2007, ** in industry in 2006 Source: National Statistical Offices
  • 24. Slide <ul><li>• O pening a company: </li></ul><ul><li>up to EUR 600 (documentation preparation , </li></ul><ul><li>notary public services , registration) </li></ul><ul><li>and up to 15 days </li></ul><ul><li>• Minimum authorized capital for: </li></ul><ul><li>private companies - EUR 2,900 </li></ul><ul><li>public companies - EUR 43,450 </li></ul>Business Establishment Costs
  • 25. Purchasing Power in Lithuania (1) Purchasing power index by UBS investment bank (Switzerland) Source: UBS Investment bank (Switzerland), www.ubs.com
  • 26. Purchasing Power in Lithuania (2) Purchasing power index by UBS investment bank (Switzerland) Source: UBS Investment bank (Switzerland), www.ubs.com Period of time (minutes) needed to earn for 1 McDonald’s Big Mac hamburger
  • 27. Slide • Crossroads of international transport routes - t wo EU-priority transport corridors • International airports (located in Central, Eastern and Western Lithuania) with direct routes to most European cities • Northernmost and only ice-free seaport o n the eastern shore of the Baltic Sea – Klaipėda State Seaport   Excellent Infrastructure
  • 28. D irect R outes to M ost C ities
  • 29. • Transport hub, connecting sea, land and railway routes from East to West ; main shipping lines to the ports of Western Europe, South-East Asia and the continent of America pass through the port • Handling around 20 % of all freight passing through the Eastern Baltic ports ; container handling capacity the greatest among the Baltic ports • The draught of the entrance channel is 15 meters and t he draught of the port navigation channel is 13-14,5 meters. I t is foreseen to increase the water depth in the northern part of the port up to 1 7,5 meters • Handling roughly 7,000 ships every year and 21 mn tonnes of cargo; accept ing large-tonnage vessels: dry-cargo vessels up to 70,000 DWT, tankers up to 100,000 DWT and cruise ships up to 215 meters length Klaipėda State Seaport – Major Transport Hub
  • 30. Ro-ro lines General cargo lines Container lines S hipping L ines
  • 31. Slide Convenient Industrial Network Klaipėda FEZ: 412 ha greenfield territory Kaunas FEZ: 534 ha greenfield territory 8 industrials parks: greenfield territory from 15 to 219 ha
  • 32. Diversified Industry • Industry - ͂ 23% of country’s GDP • ͂ 40% of total FDI settles down in industry (EUR 3. 7 b n in 200 7 ) Source: Lithuanian Department of Statistics, www.stat.gov.lt
  • 33. • A t least a EUR 5.8 m or, in the case of investment into the development of a R&D centre, at least a EUR 1.4 m investment in the territory of Lithuania will become eligible for the Programme support • Priority will be given to the direct investment associated with development of sectors of high and medium-high technologies, also increas ing number of companies generating high value-added products, solution of employment problems, and creation of quality jobs that are particularly attractive to highly qualified specialists New Investment Promotion Programme for the Years 2008-2013
  • 34. EU Support for Lithuania in 2007-2013 A pprox. EUR 7 b n (approx. EUR 3 b n in 2004-2006) Source: Ministry of Finance , www. finmin. lt
  • 35. Slide     Promising Economic Sectors (1) • Transport & l ogistics – excellent geografical location and infrastructure • Energy – promising international energy projects • Business s ervices – huge demand not only in Lithuania, but also in the whole Baltic Sea Region • ICT – companies leading among the Baltic States • Biotech – production does not have equivalents in Central and Eastern Europe • Plastics – with three huge plants leading in the region ; greatest scope of FDI in Lithuania • Lasers – global leader in production and exports of certain products
  • 36. Slide     Promising Economic Sectors (2) • Machinery & electrical equipment – widely-acknowledged high-tech products • Furniture & wood processing – one of the largest factories in Eastern Europe; among most important suppliers for IKEA • Textile & apparel – 20% of labour force in manufacturing industry, innovative production • Food – widely demanded, 1/3 exported • Real estate – largest market among the Baltic States with the biggest development potential • Tourism – well-preserved nature; developed business network of rural tourism; world-class entertainment and leisure services; forthcoming Lithuanian events of international importance
  • 37. Slide • One of the best-educated people in Central and Eastern Europe; the percentage of Lithuanian population with higher education is two times higher than the EU-15 average and is also the highest in the Baltic States (source: Eurostat) • 22 universities and 28 colleges with a total enrolment of 200,000 students • Kaunas University of Technology ( www.ktu.lt ) - largest technical university in the Baltic States • One of the most multilingual peoples in the EU - among five EU countries with the highest percentage of people speaking at least one foreign language (mostly English , Russian and Polish) Lithuania’s “Gold and Oil”
  • 38. Source: Lithuanian Department ofStatistics, www.stat.gov.lt Most Popular Professions Most popular higher education progammes, 2006-2007
  • 39. High Quality of Life • 22 universities and 28 colleges (in all 5 biggest cities), more than 60 , 5 thous. education specialists • More than 3700 medical institutions, approx. 14 thous. doctors, 400 doctors for 100 thous. inhabitants • 3700 wireless Internet zones, mobile communication penetration of 147 % in 2008 IQ , almost 5 million active SIM cards • 25,7 thous. new cars registered in 2007, which is by 41% more than in 2006, and the most among the Baltic States
  • 40. <ul><li>4 UNESCO World heritage sites </li></ul><ul><li>• Well-preserved nature, ecological tourism </li></ul><ul><li>• World-class entertainment and leisure services, </li></ul><ul><li>international cultural festivals </li></ul><ul><li>Prices are approximately 65 % lower than the EU average </li></ul>Perfect P lace for V acation
  • 41. WWW.LDA.LT Lithuanian Development Agency (LDA) <ul><li>A-to-Z information on the Lithuanian market </li></ul><ul><li>G uidance through the entire investment process </li></ul><ul><li>S earch for matching Lithuanian partners, building contact networks </li></ul><ul><li>Panning and implementing international projects </li></ul>
  • 42. • Millenium of Lithuania in 2009 • V ilnius – European Capital of Culture 2009 • The World Forum for Direct Investment 2009 • Presidency over Organisation for Security and Co-opration in Europe (OSCE) in 2011 • European Men’s Basketball Championship in 2011 • EU presidency during the 2 nd half of 2013 Forthcoming Lithuanian Events of International Importance

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