2010 11 29

Lithuania is far ahead of Latvia and Estonia in FDI attraction

Lithuanian Minister of Economy Dainius Kreivys presents latest FDI figures in Lithuania for the Lithuanian Investment Advisory Board membered by heads of Microsoft, Barclays, IBM, TeliaSonera, Kesko, Siemens and other global leaders, gathered in Vilnius today and for the fourth time already.

"With the newly launched FDI projects in Lithuania this year, we are leading in the region of the three Baltic States. Lithuania is by 1/3 ahead of its neighbours", says the Minister. Mantas Nocius, Managing Director of Invest Lithuania, confirms that Lithuania is attracting the greatest bulk of capital and creates most of the jobs among the three Baltic countries this year.

Figures by fDiMarkets.com database show that during January-October of the present year 26 new FDI projects were in the implementation process in Lithuania, the figure by 27 % and 30 % bigger than in Estonia and Latvia, respectively. The new FDI wave is expected to bring EUR 778 million capital (by 60.7 % and 9.7 % more than in Estonia and Latvia) and create almost 2900 new jobs (by 23.7 % and 36.6 % more than in Estonia and Latvia) in Lithuania this year.

Two large investment projects - Heidelberg Cement and Fortum are implemented in Klaipeda.

Source www.businesslithuania.com