Lithuania News, Lithuania newspaper, Lithuania news media, Lietuva news » investor in Lithuania http://lithuanianews.eu Information about Lithuania, Lithuania history, Lithuania football, links on Lithuania, Lithuania groups, weather Lithuania, visit Lithuania, lithuanian, Lithuania world Wed, 16 May 2012 14:12:31 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 Prime Minister’s Visit to the United States as Continuation of Active Investment Promotion Policy http://lithuanianews.eu/2010/01/29/prime-minister%e2%80%99s-visit-to-the-united-states-as-continuation-of-active-investment-promotion-policy/ http://lithuanianews.eu/2010/01/29/prime-minister%e2%80%99s-visit-to-the-united-states-as-continuation-of-active-investment-promotion-policy/#comments Fri, 29 Jan 2010 15:47:54 +0000 admin http://lithuanianews.eu/?p=57 The Lithuanian delegation led by Prime Minister Andrius Kubilius leaves for the United States from 31st January to 6th February. The Prime Minister and the delegation will visit San Francisco, New York and Washington. The forthcoming visit is an integral part of the Lithuanian Government long-term investment policy, focusing on meetings with the leaders of US high-tech and IT companies and potential investors.
The Prime Minister points out that the current visit to the United States is primarily focused on attracting attention from IT companies and large investors. “The current visit is a continuation of successful working meetings. We have recently presented the concept of the Lithuanian economy and investment strategy in London and are planning to keep promoting Lithuanian business and investment opportunities in the major finance and business centres all over the world. It is high time, I strongly believe, for the investors to find Lithuania as a multi-skilled and multilingual country with one of the best IT infrastructures in Europe and the world”, the Prime Minister said.

The heads of Lithuanian IT companies welcome the aspirations and efforts of the Government to present the achievements, capacities and prospects of our national IT companies in the leading business forums and meetings. “It seems very important that the present Government has drafted an ambitious IT and high-tech development strategy and concept and presents it to potential investors and large IT market stakeholders in the attractive way”, says Mindaugas Glodas, CEO of “Microsoft Lietuva”.

During the visit the Prime Minister plans to meet with the CEOs of “Franklin Templeton”, “Oracle”, CISCO, “HP”, “Accel Partners”, IBM, “Barclay Capital” and other companies. The Prime Minister will also visit the International Republican Institute (IRI) and deliver a speech at the Stanford Business School.

Furthermore, the Prime Minister’s schedule includes meetings with United States Secretary for the Treasury Timothy Geithner, United States Secretary of Commerce Gary Locke, the executive managers of the IMF, Senator Richard Durbin, Chairman of the United States Federal Reserve Ben Bernanke, US Lithuanian community representatives, and attendance at the Prayer Breakfast meeting.
According to the Department of Statistics of Lithuania, the United States is the 12th largest investor in Lithuania, with FDI totalling EUR 261.5 million.

During the first half of 2009, Lithuania’s exports to the US amounted to EUR 171.2 million and made up 3.1 % of all Lithuania’s exports. Lithuania’s imports from the US during the first half of 2009 totalled EUR 60.5 million, making up 1.2 % of all Lithuania’s imports.
During the first half of 2009, the trade turnover between Lithuania and the US made up EUR 243.5 million. The balance of bilateral trade with the US was positive and amounted to EUR 98.8 million.

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