Lithuania occupies 15th place among the most attractive world countries for investment
Published:
17 June 2003 y., Tuesday
Lithuania occupies 15th place among the most attractive world countries for investment, leaving behind Tallinn, Brussels, Milan and Glasgow, according to Ernst & Young European Investment Monitor.
In 2002, the FDI per capita in Lithuania was USD 207 or twice as much as in Estonia, where this figure was only USD 136.
“The most important factor in attracting investments to Lithuania is constantly improving investment conditions and a strong banking sector, making it possible to offer attractive credit conditions to investors”, says Ruta Skyriene Executive Director of Investors’ Forum.
Lithuania can also boast excellent economic growth rates (6.7% GDP growth in 2002 and 9.1% in the first quarter of 2003) low inflation (0.3%) and one of the lowest corporate income taxes (15%).
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