7th of June, 2010
The third Investment Advisory Council meeting started with a visit to the Vilnius University hospital. Then the agenda focused on the Investment Promotion Strategy and its implementation measures, the focus areas being infrastructure and education and competences. The Investment Advisory Council explored the ways to develop the relevant skills and competences, the measures preventing the brain drain and promoting the natural and exact sciences. The discussed infrastructure measures included the transport infrastructure improvements, innovation development and academic research, as well as the critical land, construction and industrial park development issues.
According to the Minister of Economy D.Kreivys, the growth of the Lithuanian economy will be determined by the development of the high added value services and innovative traditional industries. The ambition of Lithuania is to become the Nordic service hub by 2015 and to establish as a center for medical and health care services.
According to the international foreign direct investment data observation base FDiMarkets.com, in the first half of 2010, there were 14 foreign direct investment projects initiated in Lithuania, expected to bring around EUR 420 million of new investment as well as to establish more than 1,500 jobs. In 2009, 28 foreign investors entered the Lithuanian market and invested more than EUR 1 billion as well as created 5300 new jobs. Barclays Group of the UK set up its global IT centre in Vilnius, and the US corporation Moog launched the development of its new medical devices production facility, regional service centre and R&D centre in Lithuania. Sweden's ventilation group Systemair plans to establish a new ventilation equipment factory in Ukmerge. One of the world leaders in new technologies IBM and the Lithuanian Government recently signed a letter of intent that they would create a joint research centre in Lithuania.
IAC Infobook 2010 06 07 Download
Meeting Minutes 2010 06 07 Download
