Will American business move to Lithuania? The Lithuanian Minister of Finance offers new options for strengthening economic ties 2022

Will American business move to Lithuania? The Lithuanian Minister of Finance offers new options for strengthening economic ties

Lithuanian Finance Minister Gintare Skajstė, during a working trip to Washington, suggested that American business reorient to the Lithuanian market in order to further strengthen Lithuanian-American economic ties, according to Delfi. What exactly should be done to achieve this?

Lithuanian Minister of Finance Gintare Skajstė, during a meeting with the members of the US-Lithuanian Business Council and the leadership of the Export-Import Bank ofthe USA on a working visit to Washington, proposed to discuss the need to expand economic cooperation between the countries and the development of investments.

— It is extremely important to further deepen Lithuanian-American economic ties, attract investment and thus help our business to reorient itself, reorganize supply chains and move to much more stable and reliable Western partners and markets, — said Skajstė.

According to the Lithuanian Ministry of Finance, investments can be directed to strategically important sectors — away from energy towards high value-added areas such as biotechnology or information technology. The United States is Lithuania’s sixth largest trading partner with a turnover of more than 3 billion euros per year.

We would like to remind you that we have already written about the prospects of the Lithuanian market for business placement. Yulia Tyslenko, Head of the Capital Commercial Office, spoke in detail about the nuances of moving business to Lithuania: how to draw up the necessary documents, where to find the right commercial premises, and what you need to take care of in advance to make the move as comfortable as possible.

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