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Title: Halifax, April 26, 2006


1
Halifax, April 26, 2006
LITHUANIA THE SMART MOVE
www.lithuanianembassy.ca www.businesslithuania.co
m

2
BUSINESS OPPORTUNITIES IN LITHUANIAWeve been
convinced that it is really profitable to do
business in Lithuania. The results of our
successful activity in this country are the best
proof. Heikki Nikumem, IBM
3
REPUBLIC OF LITHUANIA
  • Lithuania 3.4 million
  • Baltic Sea Region 152 million
  • European Union - 456 million
  • Russia and CIS 200 million

4
LITHUANIA IN THE WORLD
  • Worlds 6-th best reformer - World Bank
    Doing Business in 2005 Removing Obstacles to
    Grow
  • Most attractive EU country for investments -
    Center for Economics and Research Ltd., the UK,
    2005

5
LITHUANIAs economy - one of the fastest growing
Fast growing 6.8 (2002) 9.7 (2003)
6.7 (2004) 7.5 (2005) Low inflation rate
- 1 (2002 - deflation) - 1.2 (2003
-deflation) 2.9 (2004) 2.7 (2005)
6
FDI in Lithuania
( mill.)
Source Lithuanian Department of Statistics

7
Biggest Investors, 2005
Source Lithuanian Department of Statistics
8
SOME INVESTORS IN LITHUANIA
  • TELIA/SONERA SWE/FIN
  • SEB BANK SWEDEN
  • BBH SWEDEN/FINLAND
  • PHILIP MORRIS USA
  • HANSABANK EST/SWE
  • CODAN INSURANCE DEN
  • TELE DANMARK DENMARK
  • STATOIL NORWAY
  • MARS FOODS USA
  • SHELL OIL HOLLAND/UK
  • TELE 2 SWEDEN
  • SVENSKA PETROLEUM SWE
  • AGA AB SWEDEN
  • DANISCO SUGAR A/S- DENMARK
  • DFDS DENMARK
  • MOTOROLA USA
  • NESTE OIL FINLAND
  • COCA-COLA USA
  • KRAFT FOODS USA
  • CARLSBERG DENMARK

9
Lithuanias Foreign Trade
( mill.)
Source Lithuanian Department of Statistics
10
LITHUANIAS TRADE WITH CANADA2003-2005 ( mill.)
Source Lithuanian Department of Statistics
11
SAFE TO DO BUSINESS
Full member of EU and NATO
Laws fully harmonized with the EU Protection
of ownership and investment Lithuanias current
credit ratings StandartPoors (A-) Moodys
(A3) Fitch (A-)
12
PROFITABLE TO DO BUSINESS
  • - Corporate tax - 15
  • Least expensive country to do business (DHL
    report, 2004)
  • 0 profit tax for first 6 years and 7,5 for next
    10 years in Free Economic Zones

13
IP
IP
IP
IP
IP
Klaipeda Free Economic Zone www.fez.lt
IP
IP
Kaunas Free Economic Zone www.ftz.lt
IP
14
LITHUANIAS COMPARITIVE ADANTAGES
Well developed business contacts with
European, Scandinavian and Russian, CIS
markets Low taxes and competitive operational
costs Highly educated people Efficient
industry base and excellent infrastructures
15
Excellent Infrastructures
  • Ice-free seaport routes to major European ports
  • Best roads in the region
  • Almost 150 mobile penetration and raid wireless
    Internet expansionpublicly accessible wireless
    zones in major cities of the country
  • Direct flights to major European destinations

16
Educated people
  • 21 Universities
  • 27 colleges
  • Technical training
  • Very receptive to new technologies
  • Foreign language skills

17

BUSINESS OPPORTUNITIES
Attractive sectors to invest IT and software
development RD Electronic component
assembly Logistics and Transit Facilities
Entertainment, leisure and tourism Real
Estate Other
18
Entertaining Tourism
- New destination in the centre of Europe
- Clean untouched nature
- Rich cultural heritage
- Dynamic cultural life
  • Variety of tourist services

- Hospitable people, good food, attractive prices
- Safe to travel
19
Cruise east?
  • 2004 28 cruise ships visited Klaipeda
  • 2005 60 cruise ships (included one of the
    biggest in the world Constellation
  • 2006 first half planed 55 cruise ships

20
FUTURE IS HERE
  • EVALUATION CRITERIA
  • Economic potential
  • Cost effectiveness
  • Human resources
  • Transport
  • ITT
  • Quality of life for expatriates
  • Cultural life
  • Security
  • Best FDI promotion strategy
  • Infrastructure

VILNIUS - Eastern Europe City of the Future
21
VILNIUS KAUNAS -Baltic Region of the Future
  • Increase in international competitiveness,
  • Population in the region 1.6 million,
  • 54 of national and 25 of Baltic countries
    GDP create

22
Canadas investments in Lithuania
  • CANADIAN INVESTMENT MAKES ONLY 0,75 OF ALL
    FOREIGN DIRECT INVESTMENT IN LITHUANIA
  • AS BEGINNING OF , 2005 DIRECT INVESTMENT FROM
    CANADA AMOUNTED TO 28,5 mill. EUR.
  • THERE ARE ABOUT 50 CANADIAN COMPANIES IN
    LITHUANIA
  • CANADA RANKS 18TH ACCORDING TO THIS INDICATOR
  • LITHUANIAN COMPANIES HAVING THE BIGGEST CANADIAN
    INVESTMENT
  • JSC PAJURIO MEDIENA (timber industry)
  • JSC IDW (shop mannequins)
  • JSC FERMENTAS (biotechnology)
  • JSC VILNIAUS MEDIENA (timber industry)

23

YOUR STARTING POINT
Lithuanian Development Agency (LDA) is a
non-profit governmental organization, which
helps to start and develop a business in
Lithuania. www.lda.lt info_at_lda.lt
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