FDI grows 5.3%

VILNIUS — Foreign direct investment into Lithuania increased by 5.3 percent during 2009, Lithuanian Statistics reported Monday.

Investment into Lithuania has been stagnant, particularly since the beginning of the financial crisis, which saw many retreating to their home markets. Lithuania had a few large investments into the country that created jobs including the Barclays IT support center, which recently opened for business.

Foreign direct investment as of Jan. 1, 2010 was 5.3 percent higher than [private_supervisor]the year before with 33.28 billion litai (€9.65 billion) invested.

Sweden was again the largest investor into the country, but investors from across the Baltic Sea actually reduced their spending in Lithuania by 25.9 percent.

The largest increase in investment came from Poland, Russia and Denmark with increases of 88.3, 27.8 and 25.8 percent respectively.

Direct investment from EU-27 countries amounted to 26.2 billion litai, 78.7 percent of total FDI, while investment from CIS countries came to 2.33 billion litai, or 7 percent.

Investment into the Vilnius region was highest with 63.7 percent of all funds landing in the capital. The Tauragė region received the least amount of investment with 0.1 percent. Kaunas received 11.5 percent of the total figure and Klaipėda, the home of the country’s port, received 9.9 percent.

The manufacturing industry was the big winner over the year with a 25.7 percent increase into the industry. It is a good sign for the nearly resource-free Lithuania, which is largely dependent on its manufacturing industry for exports. Given the weak domestic demand, exports are widely considered the best path to recovery for the Baltic states among economic analysts familiar with the region, and government policy in all three countries reflects this.

The energy industry saw a 13 percent increase in investment, significant in light of the closure of the Ignalina nuclear power plant.

Real estate saw a massive drop in investment over the year, declining 36.4 percent as investors waiting for the massive drop in property values to bottom out. [/private_supervisor] [private_subscription 1 month]the year before with 33.28 billion litai (€9.65 billion) invested.

Sweden was again the largest investor into the country, but investors from across the Baltic Sea actually reduced their spending in Lithuania by 25.9 percent.

The largest increase in investment came from Poland, Russia and Denmark with increases of 88.3, 27.8 and 25.8 percent respectively.

Direct investment from EU-27 countries amounted to 26.2 billion litai, 78.7 percent of total FDI, while investment from CIS countries came to 2.33 billion litai, or 7 percent.

Investment into the Vilnius region was highest with 63.7 percent of all funds landing in the capital. The Tauragė region received the least amount of investment with 0.1 percent. Kaunas received 11.5 percent of the total figure and Klaipėda, the home of the country’s port, received 9.9 percent.

The manufacturing industry was the big winner over the year with a 25.7 percent increase into the industry. It is a good sign for the nearly resource-free Lithuania, which is largely dependent on its manufacturing industry for exports. Given the weak domestic demand, exports are widely considered the best path to recovery for the Baltic states among economic analysts familiar with the region, and government policy in all three countries reflects this.

The energy industry saw a 13 percent increase in investment, significant in light of the closure of the Ignalina nuclear power plant.

Real estate saw a massive drop in investment over the year, declining 36.4 percent as investors waiting for the massive drop in property values to bottom out. [/private_subscription 1 month] [private_subscription 4 months]the year before with 33.28 billion litai (€9.65 billion) invested.

Sweden was again the largest investor into the country, but investors from across the Baltic Sea actually reduced their spending in Lithuania by 25.9 percent.

The largest increase in investment came from Poland, Russia and Denmark with increases of 88.3, 27.8 and 25.8 percent respectively.

Direct investment from EU-27 countries amounted to 26.2 billion litai, 78.7 percent of total FDI, while investment from CIS countries came to 2.33 billion litai, or 7 percent.

Investment into the Vilnius region was highest with 63.7 percent of all funds landing in the capital. The Tauragė region received the least amount of investment with 0.1 percent. Kaunas received 11.5 percent of the total figure and Klaipėda, the home of the country’s port, received 9.9 percent.

The manufacturing industry was the big winner over the year with a 25.7 percent increase into the industry. It is a good sign for the nearly resource-free Lithuania, which is largely dependent on its manufacturing industry for exports. Given the weak domestic demand, exports are widely considered the best path to recovery for the Baltic states among economic analysts familiar with the region, and government policy in all three countries reflects this.

The energy industry saw a 13 percent increase in investment, significant in light of the closure of the Ignalina nuclear power plant.

Real estate saw a massive drop in investment over the year, declining 36.4 percent as investors waiting for the massive drop in property values to bottom out. [/private_subscription 4 months] [private_subscription 1 year]the year before with 33.28 billion litai (€9.65 billion) invested.

Sweden was again the largest investor into the country, but investors from across the Baltic Sea actually reduced their spending in Lithuania by 25.9 percent.

The largest increase in investment came from Poland, Russia and Denmark with increases of 88.3, 27.8 and 25.8 percent respectively.

Direct investment from EU-27 countries amounted to 26.2 billion litai, 78.7 percent of total FDI, while investment from CIS countries came to 2.33 billion litai, or 7 percent.

Investment into the Vilnius region was highest with 63.7 percent of all funds landing in the capital. The Tauragė region received the least amount of investment with 0.1 percent. Kaunas received 11.5 percent of the total figure and Klaipėda, the home of the country’s port, received 9.9 percent.

The manufacturing industry was the big winner over the year with a 25.7 percent increase into the industry. It is a good sign for the nearly resource-free Lithuania, which is largely dependent on its manufacturing industry for exports. Given the weak domestic demand, exports are widely considered the best path to recovery for the Baltic states among economic analysts familiar with the region, and government policy in all three countries reflects this.

The energy industry saw a 13 percent increase in investment, significant in light of the closure of the Ignalina nuclear power plant.

Real estate saw a massive drop in investment over the year, declining 36.4 percent as investors waiting for the massive drop in property values to bottom out. [/private_subscription 1 year]

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