Central and Eastern Europe, Diplomacy, International Journalism and PR, Tourism

H.E. Darius Jonas Semaška about Lithuanian business potential and the latest Forbes ranking

Forbes business review – Lithuania


Forbes uses a set of sophisticated official indexes (such as property rights, innovation, taxes, technology and so on) when compiling the list for the best countries for business. This year, out of 139 countries, Lithuania got even higher rating (15 and last year 17) because it is making continual progress in most of the business related fields. The progress is especially visible in such fields as personal, marketing, monetary freedom. If we were to distinguish the strongest points of business environment in Lithuania it would have to be these:

  • Talent – almost every young professional in Lithuania speaks 2 languages or more and most of Lithuanians have a secondary education. The technological readiness of Lithuania and industry-university collaborations are among the highest in the CEE.
  • Quality and costs – Lithuania has the 4th lowest profit taxes in the EU and some of the lowest office space rental costs in the CEE.
  • Infrastructure – Lithuania has the fastest internet speed in the EU and the quality of roads are best in the CEE countries.
  • Business environment –Lithuania has a highly developed institutional support for business which results in our country being the second most favorable country for investments and it only takes 3 days to start a new business.
  • Lifestyle – the capital of Lithuania, Vilnius is ranked among the top 5 least expensive EU cities for entrepreneurs to live in, nonetheless, from a quality perspective it is cited along with such cities as Capetown, Barcelona or even Copenhagen.


With all that being stated Lithuania focuses on such areas as shared services, manufacturing, technology, life sciences and keeps on improving.


 By: Darius Jonas Semaška, Ambassador of Lithuania in the Netherlands

Useful link: http://www.investlithuania.com/


Read also:

Forbes: best countries for business 2017 including CEE region


Interview with H.E. Darius Jonas Semaška, Ambassador of Lithuania in the Netherlands

Interview with Mr Bert van der Lingen, Ambassador of the Netherlands in Lithuania

The Constitution of May 3, 1791

Entrepreneurial Places in Europe Where Hub Things Are Happening : Lithuania, Estonia, Hungary

Lithuania Europe’s No. 1 in fibre-optic internet penetration


Symposium about the Lithuanian language

CSR event with Professor Jan Peter Balkenende in Lithuania

UNESCO: Celebration of anniversaries in 2015 : Armenia, Belarus, Bulgaria, Croatia, Georgia, Hungary, Kazakhstan, Latvia, Lithuania, Montenegro, Poland, Romania, Russian Federation, Serbia, Slovakia, Tajikistan and Ukraine

Foreign Investors Congratulate Lithuania on 25th Anniversary