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Published: 27 february 2012 15:57

Estonia out of Lithuania's top ten investment destinations

Tomo Urbelionio/BFL nuotr. / pinigai

In the past three years, Lithuania's foreign investments have changed their geographical focus and have moved from certain areas of economic activity into others, but continued to hover around the same total amount of 5.5 billion litas (EUR 1.6 b), the business daily Verslo Žinios reported on Monday.

The amount is likely to change after next autumn's general elections, a period of time during which capital migration out of the country tends to be the most active, it wrote.

Estonia has dropped out of the list of Lithuanian's top ten investment destinations, while Belarus, Denmark, and Bosnia and Herzegovina have been added to it.

Some important changes have also occurred in the structure of Lithuania's business investment. Direct investments in professional and technical activities have more than trebled, while investments in real estate operations and in financial services activities, not including insurance and pensions, have dropped by almost 420 million litas in each group. Investments in trade and construction have either risen or remained stable.

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