Litauen og næringsliv
Stable Political and Macroeconomic Environment
- Member of the EU and NATO since 2004; Lithuania’s President announced European of the Year 2007
- Membership in the WTO, Schengen area since 2008
- EU inner market directives best implemented into the national law among all EU members
- Currency pegged to the euro and backed by foreign reserves
- Pro-business government with a personal income and social security tax reform agenda
Competitive Business Environment
- Most diversified industry in the Baltics and half of the Baltics’ total GDP
- Overall tax burden one of the smallest in the EU
- Tax incentives in two free economic zones
- Great labour quality/cost ratio: average monthly gross salary – EUR 672
- EU Structural Funds – EUR 7 bn assigned for 2007-2013
- Currency Litas (LTL or LT) is pegged to EURO at the rate of 3,4528. 1LTL=100 cents.
Lithuania invites foreign businesses to use the opportunity to expand their activities to the Lithuanian market and to join the conglomerate of many big corporate names, such as Microsoft, IBM, Philip Morris, HP, AON, Coca-Cola, Kraft Foods, Masterfoods, Siemens, Indorama, Dalkia, Yazaki, SEB, TeliaSonera, Marzotto, Transcom Worldwide, DSV, Schenker, and many others, who are already at home in Lithuania.
