2012-08-01 12:36

China’s businessmen in no rush to invest in Lithuania

China’s businessmen and representatives of official authorities have lately been visiting Lithuania, in particular the seaside, quite frequently, showing interest in a wide range of areas, including the building of new ‘silk roads’ through the port of Klaipėda and cooperation in advanced technologies. However, the expected investments have not been made so far, the Verslo Žinios business daily reports.
Žmonės Pekine
China / Bertos Tilmantaitės nuotr.

“A Chinese delegation visited the exhibition of Western Lithuanian business achievements, which was held in Klaipėda not so long ago. They promised to make “heaps” of offers but nothing has happened so far, we are still waiting for specific signals,” Viktoras Krolis, CEO of Klaipėda Chamber of Commerce, Industry and Crafts, told the daily.

Eimantas Kiudulas, CEO of the company managing the free economic zone (FEZ) of Klaipėda, projected that the Chinese would follow a similar strategy for several more years.

“We think that the Chinese will keep looking for two or three more years. China prefers to buy European companies instead of building new ones, whereas there are not so many attractive companies on sale in Lithuania,” Kiudulas said.

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