The figures published by the Lithuanian Government’s foreign investment and business development agency Invest Lithuania show that approximately EUR 400 million out of total investments from Germany (EUR 1.1 billion) go into manufacturing operations. The main focus of these investments are the oil, chemical, pharmaceutical and automobile sectors.
According to Invest Lithuania, Lithuania is proving increasingly attractive to German companies primarily due to its highly competitive quality to cost ratios, with personnel costs approximately one-fourth of the EU average. A well-developed business environment, offering corporate and income taxes of 15 percent, is also a major factor in attracting firms from Germany.
There are currently 325 companies located in Lithuania with German parent companies.