We speak fluent business FEBRUARY | 2020
Facts & figures 1st in EU for GDP per capita growth since 2000 1 GDP growth: − in 2017 2 : 4.1% − in 2018 3 : 3.4% − in 2019 3 : 2.8% Population 2 2.8 million Labour Pool 2 1.5 million Unemployment 2 6.1% 2 Source 1: Eurostat, 2018 Source 2: Statistics Lithuania, 2018 Source 3: European Economic Forecast, Autumn 2018
Globally ranked player 11 39 16 out of 190 out of 140 out of 162 countries countries countries evaluated evaluated evaluated Ease of Doing Global Competitiveness Economic Freedom Business 1 Index 2 of the World 3 29 38 18 out of 180 out of 180 out of 189 countries countries countries evaluated evaluated evaluated Environmental Corruption Paying Taxes Performance Index 4 Perception Index 5 Ranking 6 Source 1: World Bank, 2019 Source 4: Yale University, 2018 3 Source 2: World Economic Forum, 2019 Source 5: Transparency International, 2018 Source 3: Fraser Institute, 2019 Source 6: PwC, 2019
Performance in FDI Top business activities according to Top investing countries by share of total jobs planned | 2010-2019 projects | 2010-2019 United 8% 18% Germany Shared Service Centre 50% States Manufacturing 27% 14% 7% UK Norway IT Design, Development & 13% Testing R&D 3% 9% 5% Netherlands Sweden Business Services 2% 8% Denmark Other 5% 4 Source: Invest Lithuania, 2019
What gives Lithuania the edge? 1 4 Young & talented labour Business friendly environment 2 5 World-class infrastructure Perfect living pace 3 Great quality to cost ratio 5
Young highly qualified talent Students by study fields in higher education institutions | 2018-2019 4 56% of population with higher education 1 Business, administration and law 26% Health and welfare 15% proficiency in English 85% Engineering, manufacturing and 14% among young professionals 2 construction Social sciences, journalism and 13% information Arts and humanities 9% speak at least two 52% Information and communication foreign languages 3 8% technologies Education 4% Natural sciences, mathematics and 4% statistics Other programmes 6% Source 1: Eurostat, 2018 (age group 25-34) Source 2: Invest Lithuania’s estimation based on Population Census (2011) 6 Young & talented labour Source 3: Europeans and their languages, 2012 Source 4: Ministry of Education, Science and Sports, 2019
Digital infrastructure: fast, reliable and affordable EU and global leader in connectivity for fixed 1st in EU and communication technology broadband price 3 2,73% globally in digital/ technological 1st 2,19% skills availability 1 1,85% 1,57% 1,25% 1,12% 1,06% 0,87% 0,71% in the EU for mobile 3rd 4G coverage 2 % of disposable income | Advertised download speed above 12 and up to 30 Mbps | 2015 Source 1: IMD World Competitiveness Yearbook, 2018 7 Source 2: OpenSignal, 2018 World-class infrastructure Source 3: European Commission Digital Agenda Scoreboard, 2015
Logistics: fast connection infrastructure 3 Road & Rail − 1 st in CEE for quality of roads 1 − Rail cargo services direct to Russia, Belarus, Latvia, Poland, Germany, Ukraine and Asia (incl. China) Air − 3 International Airports, access to major European cities within 2-3 hours flight Sea − Klaip ė da State ice-free Seaport − 14.5 m deep port, handling up to 65 million tons of cargo annually, the largest port in the Baltic States 2 Source 1: World Economic Forum, Global Competitiveness Report, 2018 8 Source 2: www.portofklaipeda.lt World-class infrastructure Source 3: Girteka Logistics, 2014. Estimates based on two-driver shared shift model
Cost & quality combined Ranked alongside Sweden and Finland for its One of the lowest office rental prices in the region 2 business environment, Lithuania can also guarantee a fantastic cost to quality ratio. Average labour cost hourly wages (Eur), 2018 1 50,0 36,6 27,4 10,1 9,3 9,0 5,4 9 Source 1: Eurostat, 2017 (wages in industry, construction and services, except public administration, defense, compulsory social security) Great quality to cost ratio Source 2: European Office Market. Edition 2017, BNP Paribas Real Estate
Business friendly environment 7 Free Economic Zones (FEZ): 0-15% corporate profit tax − 0% corporate tax for the first 10 years* − 50% discount on corporate tax over the 21% VAT next 6 years* − 0% tax on dividends* 0-15% dividends − 0% tax on real estate* 20% personal income tax Industrial Parks (IP) 19.5% social security tax paid by employee 6-12 months delivery of build-to-suit manufacturing facilities 1.79% social security tax paid by employer 10 Business friendly environment * Conditions apply
Perfect living pace Lifestyle − Vilnius – among TOP 10 cities globally with the best work life balance 1 − 98% of Vilnius inhabitants are satisfied with living here (highest percentage among EU capitals) 2 Keeping you connected with the fastest Cost of living public Wi-Fi − According to the Mercer Cost of Living Index globally 4 2017, Vilnius is one of the four least expensive EU capitals to live in for expatriates 3 Source 1: Expert Market, 2016 Source 2: European Commission, 2016 11 Source 3: Mercer's 2018 Cost of Living Ranking Perfect living pace Source 4: Ooma tests, 2017
LITHUANIA – YOUR TOP OPTION FOR: Global Business Services Manufacturing Technology 12 Sectors
#1 Global Business Services professionals employed ~17,000 in the sector 1 the largest number of languages 35 used in a single center 2 The best destination yearly growth of 13% SSC sector 2 for shared services and most desired Top 3 outsourcing employers are SSCs 4 in CEE 3 Source 1: Invest Lithuania, 2019 Source 2: Lithuania’s business services report, 2019 , Invest Lithuania 13 Sectors Source 3: Central and Eastern Europe Shared Services and Outsourcing Awards, 2019 Source 4: cvmarket.lt, 2017
For companies like us that develop advanced solutions, Lithuania provides the perfect mix of exceptional infrastructure and exceptional talent. Arminta Salad žienė , Head of Nasdaq Baltic Nasdaq Technology and Business Support Competence Center FTE 340 Languages English, French, German, Danish, Russian, Swedish Established 2015, Vilnius Functions Development and QA Verification of Trading, Clearing, CSD and Governance IT Platforms System Operations, IT Operations Analytics Solutions Accounts Payable and Receivable, Payroll, Financial Control, Business Control, etc. 14 Sectors
#1 Global Business Services Presence in Lithuania Shared Service Center Global Operations Center Functions: Functions: F&A, IT, Legal, Customer operations, Analytics, RPA F&A, HR, IT, Customer operations, Procurement, other Languages: English, Danish, Norwegian, Swedish, Finnish Languages: 35 languages Headcount: Established: Headcount: 2000 Established: 2010, Vilnius 3000 2012, Vilnius Technology & HR Centre BPO IT, Software Development, Mobile Network engineering, Functions: F&A, IT Functions: Data Science, Robotics , Procurement Languages: English, Swedish, Danish, Norwegian Languages: English Headcount: 680 Established: 2007, Vilnius Headcount: 400 Established: 2017, Vilnius Shared Service Center Excellence Center Functions: F&A, IT, HR, Analytics Functions: F&A, HR, Customer operations, IT Languages: English Languages: English, French, German, Finnish, Danish, Swedish Headcount: 790 Established: 2014, Kaunas Headcount: 340 Established: 2015, Vilnius 15 Sectors
#2 Manufacturing of Lithuania’s GDP is generated 19% by its manufacturing sector 1 of all manufacturing production 73% is exported 2 main export DE, PL, US, destinations 1 LV, SE 16 Source 1: Eurostat, 2018 Sectors Source 2: Statistics Lithuania, 2017
Our efficiency rates in Lithuania are outstanding. The local team of innovative engineers and the flexible production line we’ve put in place have allowed us to exceed the demands of the constantly shifting market needs. Raimundas Petrauskas, Managing Director at Schmitz Cargobull Baltic Schmitz Cargobull Baltic FTE 570 1999, Panev ėž ys Established Products Thermo-insulating panels Isothermal transportation equipment: insulated trucks, trailers and semi-trailers 17 Sectors
#2 International Manufacturing Presence in Lithuania Manufacturing plant Manufacturing plant Products: Products: Automotive components Iso-thermal trucks, trailers and semi-trailers Headcount: 570 Headcount: 205 1999, Panev ėž ys Established: Established: 2017, Kaunas Manufacturing plant Manufacturing plant Products: Products: Automotive electronics Electronic circuit boards Headcount: 163 Headcount: 860 Established: Established: 2017, Kaunas 1993, Kaunas Manufacturing plant Manufacturing plant Products: Products: Ostomy care products PET granules Headcount: 203 Headcount: 214 2002, Klaipėda Established: 2017, Kaunas Established: 18 Sectors
#3 Technology Lithuania’s consistent focus on tech education helps to further secure its reputation as a highly attractive location for global tech business players, such as UBER, WIX, UNITY and many others. IT specialists in 31,500 Lithuania 1 junior developers retrained by 2,500 private academies in 2018 2 IT students in the 10,600 pipeline 3 Source 1: STRATA, 2018 19 Source 2: Infobalt, 2018. Sectors Source 3: Ministry of Education, Science and Sport, 2018-2019.
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