Foreign investment adds value

VILNIUS - In 2010 non-financial value added created by foreign-controlled companies amounted to 9.7 billion litas (2.8 billion euros), show data from Statistics Lithuania, reports ELTA. This is nearly one third of the country’s non-financial corporate value added. Compared with 2009, foreign-controlled non-financial corporate value added increased by 17 percent. Most of the value added was accumulated in the enterprises controlled by Swedish owners (12 percent.), Germany (10 percent.) and Poland (8 percent).

Most of the value added was created by companies working in manufacturing (38 percent), trade (21 percent) and information and communications (14 percent).
2,811 foreign-controlled non-financial companies carried out financial activities in Lithuania in 2010. That is about 2 percent of all non-financial firms operating in the country. Compared with 2009, the number of foreign-controlled enterprises increased by 1.6 percent.

Most Lithuanian companies were run by investors from Germany (12 percent), Latvia and Estonia (8 percent each), Denmark and Sweden (7 percent each), Norway and Finland (6 percent each), The U.S. and the Netherlands (5 percent each), Poland, Russia and the United Kingdom (4 percent each). In 2010, most foreign-controlled enterprises engaged in trade (37 percent), manufacturing (15 percent), and professional, scientific and technical activities (11 percent).