Lithuania. Untapped potential for automotive industry

They have chosen Lithuania

Three factors that led Continental to Lithuania

People

1. People

While combing Europe for their new potential base, Continental was pleasantly surprised by not only the enthusiasm of local specialists, but also with the speed and efficiency of which assigned tasks were completed. As the companies work closely with the government and educational institutions, everyone involved has a vested interest in coming up with dynamic approaches and solutions daily.

Infrastructure

2. Infrastructure

While there were many possible points in Europe to begin working in, Continental was wary of certain spots due to regional, economic or political instability. After arriving in Lithuania, the supportive work environments and attention to detail were a key factor in keeping Continental here.

Logistics

3. Logistics

Each year Lithuania is turning into a more popular destination for automotive companies to invest in. As a result of this, product pickups will be made much easier for foreign clients as more facilities open over the next few years.

Two reasons Hella chose Lithuania out of 21 locations

Skilled engineers

1. People

Hella naturally looks for skilled and motivated engineers to install their semi or fully automated production lines. As Kaunas is already known for their talented engineers and with the Kaunas University of Technology assisting them in procuring local manpower, the search for qualified employees should prove to be a quick and fruitful one.

Business Environment

2. Business friendly environment

Hella was looking for a developed and politically stable country. Lithuania, being a member of the EU, NATO and the Eurozone, perfectly complies with the required criteria. As well as having a well developed road infrastructure, Lithuania also has air and sea routes that are vital to Hella’s component deliveries from Asia.

Reasons to choose Lithuania for your automotive operations

1. Young and highly qualified talent

84% of young professionals speak English

84%

of young professionals are fluent in English

52% 

of the population speaks at least two foreign languages

55.6% 

of the population aged 25-34 has a higher education (2nd in EU)

47,545

specialists employed and 37,900 students enrolled in Engineering fields

Learn more about talent in Lithuania

2. Logistics: fast connection infrastructure

Available providers:

Learn more about infrastructure in Lithuania

3. Cost and quality combined

Lithuania offers the highest quality talent, ranking alongside Germany and Ireland and ahead the Netherlands, France and the Czech Republic for ease of doing business. Yet employee costs are around 23.4% of those in Germany, and highly competitive within the region.

Source: fDi Benchmark, a service from the Financial Times Limited 2018. All Rights Reserved.

Learn more about costs in Lithuania

4. Business friendly environment

Ease of doing business

16 out of 190 countries evaluated

Ease of Doing Business

Global competitiveness index

41 out of 137 countries evaluated

Global Competitiveness Index

Index of Economic Freedom

19 out of 180 countries evaluated

Index of Economic Freedom

Environmental performance index

29 out of 180 countries evaluated

Environmental Performance Index

Corruption perception index

38 out of 180 countries evaluated

Corruption Perception Index

Ease of paying taxes

18 out of 190 countries evaluated

Paying Taxes Ranking

Learn more about Lithuania's business environment

5. Incentives and support

Tax incentives available in Free Economic Zones:

Tax Incentives In Free Economic Zones

Learn more about tax incentives available at Free Economic Zones in Lithuania

What's happening in the sector

Have questions? Contact our team

Edgaras Vainauskas
Senior Investment Advisor | Manufacturing
Hi, my name is Edgaras Vainauskas. I’m a Senior Investment Advisor for Manufacturing. If you have any questions, just let me know.
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