May 12 / 2011
"fDi Intelligence“: Lithuania – a successful example of FDI attraction
Lithuania is a country that has been successful in attracting foreign direct investment (FDI). This has been announced in the annual review "Global FDI Outlook Report 2011” by the European Bank for Reconstruction and Development done in cooperation with the fDi Intelligence of The Financial Times (http://www.fdiintelligence.com).
The review says that last year was positive for most countries in the Eastern Europe. It notes that Lithuania has also performed very well, with FDI project numbers up 52%. According to the analysts, small countries like Lithuania and Estonia are much more flexible in attracting investment, as they take decisions faster.
According to the report, although the number of global FDI projects declined by 17% in 2009 and 0.39% in 2010, it seems that the situation has currently stabilised. About one-third of the FDI have gone to business and financial services, investment in the industry has also been on the rise (21% growth in 2010), and agriculture has been named as a very promising sector for FDI. “Global FDI Outlook Report 2011” claims construction and real estate sectors to be in the worst position as yet. A third of the total FDI has been directed to the Asia-Pacific region, while the Western European countries saw a FDI decline by 19%.
The Statistics Lithuania states that the FDI flow in Lithuania in 2010 increased nearly four-fold compared with 2009.
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