We'll emerge from crisis stronger, more resilient, Lithuanian minister tells investors

  • 2022-10-06
  • BNS/TBT Staff

VILNIUS – Lithuania will emerge from the crisis of recent years "stronger and more resilient" than before, Economy and Innovation Minister Ausrine Armonaite told several hundred foreign investors on Thursday. 

"The last two years have been challenging and I can't promise that 2023 will be easier, but what I'm absolutely sure of is that after the madness that is happening in Europe now, we'll be stronger (and) more resilient," she said at Foreign Investors Annual Summit 2022 hosted by the American Chamber of Commerce in Lithuania.

The minister said that the Lithuanian government on Friday will unveil a plan to help businesses to live through the winter, focused on assisting them in their transformation toward being more digitalized, innovative and "green".

"The most important thing for us, the government, now is to help Lithuanian businesses survive this winter," Armonaite said. "There will be concrete announcements on Friday on what we are going to do and how we are going to do it." 

"Another very important thing is that we need to continue with innovation, digitization and green reforms, so we are ready to help everyone, especially those who want to become more digital and green," she added.

The United States, Germany and the United Kingdom are the three top investors in Lithuania in terms of the number of jobs created in the country through FDI projects between 2017 and 2021, based on data from Invest Lithuania, the government's foreign investment promotion agency. 

The US, the UK and Germany top the list in terms of the number of investment projects, and Germany, the US and Sweden in terms of investment in fixed assets.