community what is community

„The ongoing investment projects reveal foreign investors’ confidence in the business environment of Lithuania. The fact that money brought by foreign investors is kept in Lithuania by way of increasing authorized capital, reinvestments or lending rather than be taken away demonstrates that foreign investors keep strengthening their business positions in Lithuania,“ Minister of Economy Rimantas Žylius said.

In the first quarter of 2011, foreign companies decided to implement 30 FDI projects which was 58% more than in the corresponding period of 2010 (it was 19). With these projects launched in 2010 and the first half of 2011, about LTL 5.85 billion of investments will be attracted to Lithuania.

According to the preliminary statistics, at the end of the second quarter of 2011, the accumulated FDI in Lithuania increased by 11.7% as compared to the corresponding period of 2010, and reached LTL 37 billion. The FDI accumulated during the 1st half of 2011 increased by 4%.

According to the data of the Bank of Lithuania, the FDI volumes were determined by positive results of the investment flows. In the 2nd quarter of 2011, the FDI inflows reached LTL 1.2 billion and, compared to the previous quarter, increased by 21.1%. During the four recent quarters (3rd quarter 2010 – 2nd quarter 2011), foreign investors invested LTL 4.5 billion in Lithuania by way of loans, reinvestments and authorized capital, which made 4.5% of the GDP. The major share of this flow consisted of loans from abroad (LTL 2.4 billion) and the amount of LTL 612 million was used to increase authorized capital. In the abovesaid four quarters, reinvestments reached LTL 1.5 billion.

Source: ukmin.lt