Doing Business in Lithuania

EENI- School of International Business

Subject - Doing Business in Lithuania. Vilnius. Syllabus:

  1. Introduction to the Republic of Lithuania (the European Union)
  2. The Lithuanian Economy
  3. Doing Business in Vilnius
  4. The Lithuanian Foreign Trade
  5. The Foreign Direct Investment (FDI) in Lithuania
  6. Access to the Lithuanian Market
  7. Business Plan for Lithuania

The objectives of the subject “Doing Business in Lithuania” are the following:

  1. To analyse the Lithuanian Economy and Foreign Trade
  2. To evaluate the business opportunities in the Lithuanian Market
  3. To analyse the trade relations of Lithuania with the country of the student
  4. To know the free trade agreements of Lithuania as a member of the European Union
  5. To develop a business plan for the Lithuanian Market
The subject “Foreign Trade and Business in Lithuania” is studied...
  1. Doctorate: Europe
  2. Professional Master's Programs (e-learning): Europe, International Business

Recommendations for the Lithuanian Students

Course learning materials in English + Spanish Lituania French Lituanie Portuguese EU.

  1. Credits of the subject “Doing Business in Lithuania”: 1 ECTS
  2. Duration: one week

Description of the Subject: Doing Business in Lithuania

The Republic of Lithuania (Europe)

  1. Capital: Vilnius
  2. Official Language: Lithuanian
  3. Area: 65,300 square kilometres
  4. Population: 2.9 millions of people
  5. Type of Government: Parliamentary Republic
  6. Borders of Lithuania: Belarus, Latvia, Poland and Russia
  7. Shares maritime borders (Baltic Sea) with Sweden, Finland, Estonia, Germany and Denmark
  8. Religion in Lithuania: Catholicism (Christianity)
  9. Lithuania belongs to the Western Christian Civilisation (European Economic Area)
  10. Independence of Lithuania: 1991 (Soviet Union)

The Economy of Lithuania.

  1. The Republic of Lithuania is one of the countries of the European Union with largest economic growth
  2. Lithuania, Estonia and Latvia are the so-called Baltic Tigers
  3. Lithuania is a developed country (International Monetary Fund)
  4. Lithuania has a strategic role in relations European Union-Russia
  5. The Lithuanian GDP (nominal): 52,369 millions of dollars
  6. GDP per capita: 20,321 dollars
  7. Strong economic recession in 2008
  8. The Lithuanian Currency: Euro
  9. Lithuania is a member of the European Union since 2004
  10. Top Lithuanian economic activities: tourism, agricultural industries, sustainable forestry, textiles, high technology products, biotechnology, shipbuilding and laser technologies
  11. Lithuania ranked 24th in the world in the Index of Ease of Doing Business (World Bank) and 15th place (out of a total of 178 countries) in the Index of Economic Freedom (Heritage Foundation)
  12. Several global companies such as Microsoft, IBM, Transcom, Barclays, Siemens, SEB, TeliaSonera, Paroc, Philip Morris and Thermo Fisher Scientific are in Lithuania

The Lithuanian Foreign Trade

  1. The European Union is the largest trading partner of Lithuania, with 67% of total imports and 61.3% of total exports
  2. The Commonwealth of Independent States (CEI) is the second trading partner of Lithuania
  3. Main Lithuanian Exports: minerals, machinery, chemical products, textiles, foods, plastics
  4. Top Lithuanian exports destinations: Russia (15%), Latvia, Germany, Poland, Estonia, the Netherlands, Belarus
  5. Main products imported by Lithuania: minerals, machinery, transport equipment, chemical products, textiles, metals
  6. Main suppliers of Lithuania: Russia (32%), Germany,  Poland, Latvia
  7. As a member of the European Union, Lithuania is the beneficiary of the Free trade agreements of the EU with the MERCOSUR, Mexico, South Korea, Lebanon, Tunisia, etc
  8. The Port of Klaipeda, without ice, is in the western part of Lithuania. The port is an important regional hub that connects the sea, land and rail routes of the east and west

International economic relations of Lithuania

  1. Council of the Baltic Sea States
  2. Economic Commission for Europe (UNECE)
  3. United Nations
  4. World Bank
  5. European Union
  6. World Trade Organisation
  7. Organisation for Economic Cooperation and Development (OECD)
  8. International Monetary Fund (IMF)
  9. International Chamber of Commerce
  10. European Investment Bank (EIB)
  11. Asia-Europe Economic Meeting (ASEM)
  12. European Bank for Reconstruction and Development
  13. Group of States of the Council of Europe Convention against the corruption (GRECO)
  14. Organisation for Security and Cooperation in Europe (OSCE)

Examples of the subject - Foreign Trade and Business in Lithuania:
Council Baltic Sea States

European Union-Chile Free Trade Agreement

Economic Commission for Europe (UNECE)



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