Figures recently published in the FDImarkets.com investment monitor database show that 28 foreign companies invested over EUR 1 billion and created 5300 new jobs in Lithuania in 2009.
Figures recently published in the
FDImarkets.com investment monitor database show that 28 foreign companies invested over EUR 1 billion and created 5300 new jobs in Lithuania in 2009. The online database tracking crossborder greenfield investment covering all sectors and countries worldwide
FDImarkets.com recorded a total of 35 new foreign direct investment (FDI) projects in the country last year.
In 2009 most of FDI projects in Lithuania were launched by financial services companies (9 projects), food, drink and tobacco enterprises (4), IT companies, as well as metal processing and textile manufacturers (3 each). Most projects were implemented by the Russian (7), Finnish (5), Norwegian and US (4 each) as well as the UK (3) companies.
Managing Director of Invest Lithuania Mantas Nocius says, that despite the global recession, which also severely hit the Lithuanian market, Barclays Bank of the UK set up its world IT centre in Vilnius, and the US corporation Moog launched the development of its new medical devices production facility, regional service centre and R&D centre in Lithuania. The US corporation Computer Science Corporation (CSC) established its foreign customer care center in Vilnius, and Microsoft opened its innovation and training center at Kaunas University of Technology. Also, a number of new jobs were created in the newly built Ozas trade centre. Finally, six industrial FDI projects were successfully accomplished in different cities of Lithuania, e.g. Stansefabriken of Norway started production of metal and automotive parts in Ukmergė in Northeastern Lithuania, the Spanish Cie Automotive began producing parts for electrical and petrol cars in Marijampolė in Southern Lithuania, and the French Eurovia opened an asphalt-concrete plant near the capital Vilnius. The Spanish Gruppo Sopena plans to launch an aluminum parts plant in Alytus Industrial Park.
In January-March of 2010 six foreign companies announced about their investment in Lithuania, including Barclays Bank which is currently establishing its contact and data processing center at its already running IT center, as well as the Irish air company Ryanair launching its first Central European operations base in Kaunas Airport in May.
FDImarkets.com counted 205 foreign companies which invested EUR 5.3 billion and created 34.600 new jobs in 2005-2009 in Lithuania.