Foreign Direct Investment Approaching EUR 4 billion

Foreign direct investment (FDI) in Lithuania totaled EUR 3.98 billion as of April 1, 2003. It grew by 27.7% in Q1 2003, compared to Q1 2002, according to the Department of Statistics of Lithuania. 28.6% of total FDI went into the manufacturing industry, 19.5% - into financial intermediation, 18% - into transport and communications and 17% into retail and wholesale operations. Major countries investors were Denmark (17.2% of total investment), Sweden (15.5%), Estonia (11.4%), Germany (9.6%) and the United States of America (8.5%).