President of the Republic of Lithuania

The President met with the US business delegation

2019-09-19

Thursday, September 19, Vilnius – President Gitanas Nausėda met with the American-Lithuanian Business Council to discuss investment climate and business relations between the two countries.

According to the President, Lithuania sees the US as one of the strategic partners in the development of security and economic relations and the Business Council as an important partner in spreading the message about Lithuania’s economic opportunities, attractive and secure business environment.

The President highlighted that Lithuania has always maintained close relations with American companies, which significantly contribute to the growth of investments. Our country creates favorable business conditions to settle and operate, which is why major and well-known companies like Western Union, NASDAQ, AIG, Thermo Fisher Scientific, Phillip Morris, Hollister and other are increasingly active in Lithuania.

US investments in Lithuania are gaining momentum and bilateral trade is growing. Last year, trade turnover between Lithuania and the US increased by 7.4 percent to nearly 2 billion euros. Fintech, engineering, defense, chemical industry, life sciences, energy, global business services and ecosystem startups are considered to be highly promising sectors for joint research, activities and investments.

The Business Council is an association of American businesses that have invested in Lithuania and aim to attract even more global companies that have not yet invested in Lithuania. This year, 29 business representatives from 11 large US companies came to Lithuania. 6 of them already operate in Lithuania.

The President called the participants of the meeting to further strengthen business cooperation between the two countries and actively share their experience in attracting new investment projects to Lithuania.

The President‘s Communication Group

Last updated 2019.09.19 16:38

Back