Supplier directories

1
Lithuania- the Smart Move www.starmass.com
2
Lithuania

• Lithuania 3.4 million
• Baltic States population 7 million
• Baltic Sea Region 152 million

3
The Baltic Tiger (The Economist, 2004)
Source Lithuanian Department of Statistics, DnB
Nord, Labour Exchange Forecasts by DnB Nord,
Lithuanian Department of Statistics, Labour
Exchange, Lithuanian Free Market Institute,
International Monetary Fund
4
Lithuania in the World and the EU

• Worlds 6th best reformer (World Bank Doing
  Business
• in 2005 Removing Obstacles to Grow)
• Most attractive EU country for investments
  
• (Centre for Economics and Research Ltd., the
  UK, 2005)
• Easiest place to do business in among the
  Baltic States
• (World Bank Report Doing Business in 2006
  Creating
• Jobs)

5
VILNIUS KAUNAS - Baltic Region of the
Future VILNIUS Baltic City of the Future

• EVALUATION CRITERIA
• Economic potential
• Cost effectiveness
• Human resources
• Transport
• ITT
• Quality of life for expatriates
• Cultural life
• Best FDI promotion strategy

6
Lithuania in the Baltics

• ? Closest to Western and Eastern markets
• Half of the Baltic States economy
• Most diversified industries
• ? Infrastructure advantages
• ? Technical education centre

7
Half of the Total Baltic GDP
Source Lithuanian Department of Statistics
8
Lithuanian GDP
Source Lithuanian Department of Statistics
9
FDI in Lithuania
( mill.)
Source Lithuanian Department of Statistics
Source Lithuanian Department of Statistics
10
Biggest Investors as of January 1, 2006
Source Lithuanian Department of Statistics
11
FDI in Lithuania by Sector as of January 1, 2006
Source Lithuanian Department of Statistics
Source Lithuanian Department of Statistics
12
Lithuanias Foreign Trade
( mill.)
Source Lithuanian Department of Statistics
Source Lithuanian Department of Statistics
13
Lithuanias Major Exports Destinations 2005
Source Lithuanian Department of Statistics
Source Lithuanian Department of Statistics
14
Lithuanias Major Imports Partners, 2005
Source Lithuanian Department of Statistics
Source Lithuanian Department of Statistics
15
Lithuanias Exports by Products, 2005
Source Lithuanian Department of Statistics
Source Lithuanian Department of Statistics
16
Lithuanias Imports by Products, 2005
Source Lithuanian Department of Statistics
Source Lithuanian Department of Statistics
17
Efficient Industry Base

• Most diversified industries in the 3 Baltic
  States
• ? Most manufactured products exported to the EU

18
Excellent Infrastructures

• Ice-free seaport routes to major European
  ports
• Best roads in the region
• Baltic IT leader with almost 150 mobile
• penetration and rapid wireless Internet
• expansion publicly accessible wireless
  Internet
• zones in major cities of the country
• Direct flights to major European destinations

19
Business-friendly Tax System
Total Tax Revenue, of GDP
Source Eurostat (The Economist, 30 April 2005)
20
Salaries

• Minimum salary - LTL 550 (EUR 159)
• Minimum hourly wages - LTL 3.28 (EUR 0.95)
• ? Average salary - LTL 1 453 (EUR 421)

Source Lithuanian Department of Statistics
21
Taxes

• Profit tax 15
• VAT 18
• Personal income tax 33
• (after non taxable allowance of 84 Euro on
  monthly salaries)
• Social security tax for employer
• (employee's contribution is 3) - 31
• Dividends - 0 to 15
• to be reduced to 27 by July 1, 2006 and to
  24 by 2008. 0 tax on dividends applies when
  an investor controls at least 10
• of voting shares in the enterprise for the
  period of at least 12 months.

22
Lithuanias Gold and Oil
23
Technical education Centre

• ? Largest number of technical students in the
  Baltic states
• Kaunas University of Technology (KTU)
  www.ktu.lt - largest technical university in the
  Baltic States
• 6 science and technology parks in the biggest
  cities

24
Science and Technology Parks (STP)

• ? Vilnius STP, www.stp.lt
• ? Northtown Technology Park, www.smtp.lt
• ? Visoriai Information Technology Park,
  www.vitp.lt
• ? Kaunas High-Tech and IT Park, www.techpark.lt
• ? Klaipeda STP, www.kmtp.lt
• Šiauliai University Science and Technology Park
  
• www.sumtp.lt