NewsCase StudiesEvents

Expanding a Business in Lithuania

Lithuania

Expanding a Business in Lithuania

Recent forum posts

 

  1. Human Resource Assignment Help

    Looking for top-notch Human Resource assignment help? Look no further than MyAssignmentHelp.co.uk! Our platform offers comprehensive assistance tailored to your HR needs. Whether you're tackling topics like recruitment, employee training, performance evaluation, or organizational behavior, our expert team is here to guide you

    Total Posts: 1 Last post by ameliawillson

  2. Professional International SEO Services

    At Delante, we take pride in being a leading force in the digital landscape, offering exceptional International SEO services tailored to enhance your global visibility. Our commitment to excellence and results-driven strategies sets us apart as the go-to partner for businesses aspiring to conquer international markets. Delante specialises in crafting multilingual SEO strategies that speak directly

    Total Posts: 1 Last post by Delante

Entering the Market Lithuania

Lithuania has the largest and most diversified economy of the three Baltic states. This country mostly specializes in electronics, chemicals, machine tools, metal processing, construction materials and food processing. Light manufacturing includes the production of textiles, clothing, furniture and household goods although the textile sector is starting to suffer from competition by lower cost bases.

Services are the fastest-growing segment of the Lithuanian economy. Trading and retail are also growing fast, although there is increasing competition in this market. Transport and transit services are developing, with a good road system improved with EU investment. Financial services are expanding rapidly, and the use of banking services has grown exponentially in last decade, due to Swedish banks entering the market. In the financial, retail segment, mortgage lending is the most dynamic area, in turn fuelling robust growth in the construction and real estate markets.

The Lithuanian economy is fast growing and attractive market for foreign exporters. Lithuanian exports tend to have a high import content. In recent years, Lithuania has also been an attractive destination for international exports of retail goods, due to a sustained consumption boom.

Challenges foreign companies face

Transition economies have all attempted to abolish barriers facing foreign firms to expand. A case study summarises some difficulties foreign investment face entering Lithuania. Business can face problems as buying land and real estate. There could be interference obtaining permits, licenses, in some cases you can meet negative attitudes of officials in Lithuania. But all in all, it is easy to enter the market and grow your business here.

If you wane enter the Lithuania market here are some institutions that might help you: the Lithuanian Development Agency is responsible for investment and export promotion. The leading business organizations are the Confederation of Lithuanian Industrialists, the Lithuanian Business Employers' Confederation, the Association of Lithuanian Chambers of Commerce, Industry and Crafts. The central EU countries also have Chambers of Commerce in Lithuania.

Click here to Ask an Expert about Expanding a Business in Lithuania

Organisations that can assist with Entering the Market

    You are not logged in!

    Please login or register to ask our experts a question.

    Login now or register.