Lithuanian Q1 FDI leaps 10 per cent

  • 2007-07-04
  • By Mike Collier
VILNIUS - Provisional data from Statistics Lithuania confirms that Foreign Direct Investment in the country is still growing at a considerable rate.

As of 1 April 2007, FDI made up 31.7 billion litas (9.2 billion euros), a rise of 10 per cent on January 1.

The bulk of investment came from Poland [21.4 per cent] followed by Denmark [12.5 per cent], Sweden [10.7 per cent], Germany [8.8 per cent], Russia [8.0 per cent], Finland [6.5 per cent] and Estonia [5.6 per cent]. Poland's large level of investment was largely due to its stake in the public company Mazeikiu Nafta.

Manufacturing industries attracted the largest share of investment [38.3 per cent, of which of petrol and chemical products accounted for 23.3 per cent], financial services [16.7 per cent], and transport, storage and communications [13.7 per cent].

Lithuania's FDI abroad made up LTL 3.4 billion with the main targets for investment being Latvia, Russia, Poland and Ukraine