Business

Lithuanians are well known for their diligence and are praised by foreign business people for their high qualifications and strong motivation. An old Chinese proverb says: “If you want one year of prosperity, grow grain. If you want ten years of prosperity, grow trees. If you want one hundred years of prosperity, grow people“. Lithuania successfully applies this wisdom and pays special attention to the quality of its citizens’ education and studies. The extremely high level of education of Lithuanian people today enables the country to produce greater added value and is ensuring rapid development of the national economy.

Main Facts

Lithuania is a Northeastern European country which combines what is regarded as Scandinavian - progressive, orderly, clean, natural and attractive, as well as what is regarded as Eastern European – new, rapidly developing, on the rise, and as yet undiscovered. Sometimes called a Northern, and sometimes an Eastern European country...

Investment and Trade Profile

Lithuania joined the European Union (EU) in 2004, Lithuanian laws are now fully harmonized with the EU legislation. When it comes to the labor market, Lithuania has to offer a unique combination of highly qualified human resources and relatively low wages. Lithuania is located on the very crossroads of 3 huge markets.

Business Etiquette

Meetings are arranged in advance and confirmed by a telephone call or e-mail. Lithuanians are very punctual. The decision-making process in Lithuania is relatively quick. Deadlines are expected to be honored. A handshake is customary at both the beginning and the end of a meeting, and when visiting a home. Business dress in Lithuania is conservative.

Lithuanian Market Map

The map provides useful information on investment projects in Lithuania, industrial parks and free economic zones, science and technology parks and valleys. Also, maps are rich in social and economic data on separate regions of the country, information on Lithuania’s infrastructure, labour source availability etc.