Kaunas benefits from rebound

  • 2012-04-18
  • From wire reports
VILNIUS - More than 20 Lithuanian and foreign companies are currently building or planning new factories in the country, reports ELTA. Many businesses cut investment during the downturn, but this began to change last year and new factories and production plants are now being built in and around cities in Lithuania, while additional investments are made in existing production facilities and installations, reports Invest Lithuania.According to Invest Lithuania, foreign investment totaled 3 billion litas (870 million euros) in 2011 (representing 2.8 percent of GDP), an increase of 54 p...
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