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Lithuania remains most attractive Baltic country for foreign investors

Tomo Urbelionio/BFL nuotr. / pinigai
Šaltinis: BNS

Lithuania ranks first among the three Baltic countries by the number of jobs created by foreign investors and by the number of foreign direct investment (FDI) projects, according to EY's European Attractiveness Survey.

A total of 2,450 new jobs were created last year in the Baltic region through foreign investment, including 1,717 in Lithuania, up by 15 percent compared with 2011, the professional services firm, formerly known as Ernst & Young, said in a press release on Thursday.

Foreign investors carried out 27 projects in Lithuania last year, creating an average of 63 jobs per project. Estonia attracted 25 FDI projects, with the number of jobs per project at 17 projects. In Latvia, the number of FDI projects halved to seven, with 41 jobs per project.

Danish and US investors created the largest numbers of jobs in Lithuania. Strong growth was registered in financial intermediation and high-value-added manufacturing, each accounting for 29 percent of all jobs created through FDI in 2012. Scientific instrument production, software and pharmaceutical projects created more than 630 jobs in the country last year.

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