fluent business FEBRUARY | 2020 Facts & figures 1st in EU for - - PowerPoint PPT Presentation
We speak fluent business FEBRUARY | 2020 Facts & figures 1st in EU for GDP per capita growth since 2000 1 GDP growth: in 2017 2 : 4.1% in 2018 3 : 3.4% in 2019 3 : 2.8% Population 2 2.8 million Labour Pool 2 1.5 million
FEBRUARY | 2020
2
Population2 2.8 million Labour Pool2 1.5 million Unemployment2 6.1%
Source 1: Eurostat, 2018 Source 2: Statistics Lithuania, 2018 Source 3: European Economic Forecast, Autumn 2018
in EU for GDP per capita growth since 20001
GDP growth: − in 20172: 4.1% − in 20183: 3.4% − in 20193: 2.8%
3
Source 1: World Bank, 2019 Source 2: World Economic Forum, 2019 Source 3: Fraser Institute, 2019 Source 4: Yale University, 2018 Source 5: Transparency International, 2018 Source 6: PwC, 2019
Ease of Doing Business1
countries evaluated
Global Competitiveness Index2
countries evaluated
Environmental Performance Index4
countries evaluated
Corruption Perception Index5
countries evaluated
Paying Taxes Ranking6
countries evaluated
Economic Freedom
countries evaluated
4
Source: Invest Lithuania, 2019
50% 27% 13% 3% 2% 5% Shared Service Centre Manufacturing IT Design, Development & Testing R&D Business Services Other
Top business activities according to jobs planned | 2010-2019 Top investing countries by share of total projects | 2010-2019
United States
Germany
Denmark
Norway
UK
Sweden
Netherlands
5
Young & talented labour
World-class infrastructure
Great quality to cost ratio
Business friendly environment
Perfect living pace
6
Young & talented labour
Source 1: Eurostat, 2018 (age group 25-34) Source 2: Invest Lithuania’s estimation based on Population Census (2011) Source 3: Europeans and their languages, 2012 Source 4: Ministry of Education, Science and Sports, 2019
education1
proficiency in English among young professionals2
speak at least two foreign languages3
26% 15% 14% 13% 9% 8% 4% 4% 6% Business, administration and law Health and welfare Engineering, manufacturing and construction Social sciences, journalism and information Arts and humanities Information and communication technologies Education Natural sciences, mathematics and statistics Other programmes
Students by study fields in higher education institutions | 2018-20194
World-class infrastructure
7
Source 1: IMD World Competitiveness Yearbook, 2018 Source 2: OpenSignal, 2018 Source 3: European Commission Digital Agenda Scoreboard, 2015
EU and global leader in connectivity and communication technology
globally in digital/ technological skills availability1
in the EU for mobile 4G coverage2 for fixed broadband price3
2,73% 2,19% 1,85% 1,57% 1,25% 1,12% 1,06% 0,87% 0,71%
% of disposable income | Advertised download speed above 12 and up to 30 Mbps | 2015
World-class infrastructure
8
Source 1: World Economic Forum, Global Competitiveness Report, 2018 Source 2: www.portofklaipeda.lt Source 3: Girteka Logistics, 2014. Estimates based on two-driver shared shift model
Road & Rail Air Sea
− 1st in CEE for quality of roads1 − Rail cargo services direct to Russia, Belarus, Latvia, Poland, Germany, Ukraine and Asia (incl. China) − 3 International Airports, access to major European cities within 2-3 hours flight − Klaipėda State ice-free Seaport − 14.5 m deep port, handling up to 65 million tons of cargo annually, the largest port in the Baltic States2
3
9
Great quality to cost ratio
Source 1: Eurostat, 2017 (wages in industry, construction and services, except public administration, defense, compulsory social security) Source 2: European Office Market. Edition 2017, BNP Paribas Real Estate
50,0 36,6 27,4 10,1 9,3 9,0 5,4
Average labour cost hourly wages (Eur), 20181
Ranked alongside Sweden and Finland for its business environment, Lithuania can also guarantee a fantastic cost to quality ratio. One of the lowest office rental prices in the region2
10
Business friendly environment
7 Free Economic Zones (FEZ): − 0% corporate tax for the first 10 years* − 50% discount on corporate tax over the next 6 years* − 0% tax on dividends* − 0% tax on real estate* Industrial Parks (IP) 6-12 months delivery of build-to-suit manufacturing facilities
* Conditions apply
corporate profit tax
dividends personal income tax social security tax paid by employee social security tax paid by employer
11
Perfect living pace
Source 1: Expert Market, 2016 Source 2: European Commission, 2016 Source 3: Mercer's 2018 Cost of Living Ranking Source 4: Ooma tests, 2017
− According to the Mercer Cost of Living Index 2017, Vilnius is one of the four least expensive EU capitals to live in for expatriates3
− Vilnius – among TOP 10 cities globally with the best work life balance1 − 98% of Vilnius inhabitants are satisfied with living here (highest percentage among EU capitals)2
Keeping you connected with the fastest public Wi-Fi globally4
12
Sectors
LITHUANIA – YOUR TOP OPTION FOR:
13
Sectors
Source 1: Invest Lithuania, 2019 Source 2: Lithuania’s business services report, 2019, Invest Lithuania Source 3: Central and Eastern Europe Shared Services and Outsourcing Awards, 2019 Source 4: cvmarket.lt, 2017
professionals employed in the sector1
the largest number of languages used in a single center2 yearly growth of SSC sector2
most desired employers are SSCs4
The best destination for shared services and
in CEE3
14
Sectors
Arminta Saladžienė, Head of Nasdaq Baltic
For companies like us that develop advanced solutions, Lithuania provides the perfect mix of exceptional infrastructure and exceptional talent.
Nasdaq Technology and Business Support Competence Center FTE 340 Languages English, French, German, Danish, Russian, Swedish Established 2015, Vilnius Functions Development and QA Verification of Trading, Clearing, CSD and Governance IT Platforms System Operations, IT Operations Analytics Solutions Accounts Payable and Receivable, Payroll, Financial Control, Business Control, etc.
15
Sectors
Functions: F&A, IT, HR, Analytics Languages: English Headcount: 790 Established: 2014, Kaunas Functions: F&A, HR, Customer operations, IT Languages: English, French, German, Finnish, Danish, Swedish Headcount: 340 Established: 2015, Vilnius Functions: F&A, IT, Legal, Customer operations, Analytics, RPA Languages: English, Danish, Norwegian, Swedish, Finnish Headcount: 3000 Established: 2012, Vilnius Functions: F&A, IT Languages: English, Swedish, Danish, Norwegian Headcount: 680 Established: 2007, Vilnius
Global Operations Center BPO Excellence Center Shared Service Center
Functions: F&A, HR, IT, Customer operations, Procurement, other Languages: 35 languages Headcount: 2000 Established: 2010, Vilnius
Shared Service Center Technology & HR Centre
Functions: IT, Software Development, Mobile Network engineering, Data Science, Robotics , Procurement Languages: English Headcount: 400 Established: 2017, Vilnius
16
Sectors
Source 1: Eurostat, 2018 Source 2: Statistics Lithuania, 2017
by its manufacturing sector1
is exported2
DE, PL, US, LV, SE
main export destinations1
17
Sectors
Raimundas Petrauskas, Managing Director at Schmitz Cargobull Baltic
Our efficiency rates in Lithuania are outstanding. The local team of innovative engineers and the flexible production line we’ve put in place have allowed us to exceed the demands of the constantly shifting market needs.
Schmitz Cargobull Baltic FTE 570 Established 1999, Panevėžys Products Thermo-insulating panels Isothermal transportation equipment: insulated trucks, trailers and semi-trailers
18
Sectors
Manufacturing plant Manufacturing plant Manufacturing plant Manufacturing plant Manufacturing plant Manufacturing plant
Products: Iso-thermal trucks, trailers and semi-trailers Headcount: 570 Established: 1999, Panevėžys Products: Automotive electronics Headcount: 163 Established: 2017, Kaunas Products: Electronic circuit boards Headcount: 860 Established: 1993, Kaunas Products: Ostomy care products Headcount: 203 Established: 2017, Kaunas Products: PET granules Headcount: 214 Established: 2002, Klaipėda Products: Automotive components Headcount: 205 Established: 2017, Kaunas
19
Sectors
Source 1: STRATA, 2018 Source 2: Infobalt, 2018. Source 3: Ministry of Education, Science and Sport, 2018-2019.
Lithuania’s consistent focus on tech education helps to further secure its reputation as a highly attractive location for global tech business players, such as UBER, WIX, UNITY and many others.
IT specialists in Lithuania1
junior developers retrained by private academies in 20182
IT students in the pipeline3
20
Sectors
Boaz Inbal, Manager of External Dev. Centres at Wix.com
As advocates of the ‘can-do’ attitude, when we first visited Lithuania we were thoroughly impressed by the creativity, energy and entrepreneurial spirit of the people we met. That’s the Wix way, and so Lithuania seemed like a natural fit for our company.
Wix.com FTE 130 Established 2013, Vilnius Products Wix.com applications and strategic Wix projects, IT and R&D projects
21
Sectors
Technical office Technical office Development unit Head office Development office
Activity: Software development, QA, Product Design for Wix.Com web development platform Headcount: 140 Established: 2013, Vilnius Activity: Adtech solution development, product management Headcount: 440 Established: 2006 in Vilnius and 2013 in Kaunas Activity: Critical infrastructure support, DevOps, software development Headcount: 40 Established: 2015, Vilnius
Development unit
Activity: R&D and QA for Unity engine Headcount: 100 Established: 2007, Vilnius Activity: Development of public transport app designed to plan journeys using real-time data Headcount: 50 Established: 2007, Vilnius Activity: Software development, advanced analytics, product strategy Headcount: 230 Established: 2012, Vilnius
22
Sectors
Source 1: Scientific American WorldView, 2018 Source 2: PwC, Business Guide 2018
For global innovation in biotechnology1
is exported2 Medical Devices, MedTech, Biopharmaceuticals, Biotechnology
One of the fastest growing sectors in the region, with an ambition of becoming the most attractive European country for the Life Sciences sector by 2030.
23
Sectors
Alan Malus, Executive VP at Thermo Fisher Scientific
Thermo Fisher’s investment in Lithuania is our symbol of confidence in the biotechnology talent within Lithuania and its potential impact worldwide.
Thermo Fisher Scientific FTE 983 Established 2010, Vilnius Products Creates, produces, and sells products of molecular biology (enzymes primarily)
24
Sectors
Manufacturing plant / R&D Manufacturing plant Manufacturing plant Manufacturing plant Global Business Services Manufacturing plant / R&D
Products: Medical equipment Headcount: 203 Established: 2019, Kaunas Products: Pharmaceutical ingredients Headcount: 206 Established: 2005, Vilnius Products: Respiratory care products Headcount: 2339 Established: 1996, Pabradė Products: Biologics CDMO Headcount: 130 Established: 2004, Vilnius Products: Healthcare and pharmacy management solutions Headcount: 70 Established: 2019, Vilnius Products: Reagents Headcount: 983 Established: 2010, Vilnius
25
Invest Lithuania is the official agency for Foreign Direct Investment and Business Development. We’ll partner with you to get your business set up and off to the best start possible: All of our services are free of charge
Decision-making
We’ll help you make the most informed decisions for your new operations: − Tailored in-depth market and industry insights, − Advice on business costs, − Information concerning the local labour and legal framework.
Business Establishment
We’ll connect you with everyone you need to know to guarantee a soft landing for your set up: − Intros and meetings with key market players and relevant governmental institutions, − Sourcing of governmental financial support.
Business Development
Once you are up and running we’ll be there with aftercare and support: − Assistance with one-off problems, − Lobbying for greater governmental support.