World-leading ICT infrastructure

With world’s leading ICT infrastructure and an impressive list of significant European and global records, Lithuania is becoming the Northern Europe Service Hub. In 2012 the Swiss-based International Institute for Management Development (IMD) published the World Competitiveness Yearbook (WCY) that ranks and analyzes how a nation’s business environment creates and sustains the competitiveness of enterprises. According this comprehensive and world-renowned report, Lithuania is basking in the highest competitiveness upgrade among EU countries and the second highest among 59 developed economies globally. Lithuania earned the highest scores for its qualified workforce (cited by 84.8 percent of respondents), high level of education (84.8 percent), reliable infrastructure (65.2 percent), competitive prices (58.7 percent) and business efficiency (34.8 percent).

• 2^nd fastest internet upload and 3^rd fastest download speed in the World¹
• 1^st in the World competitiveness yearbook rankings for communications technology²
• 1^st in Europe for density of network of public Internet access points (875)
• 2^nd in the EU for the share of fixed broadband lines equal to or above 30Mbps
• 2^nd speediest upload Internet in the World in 2012⁴
• 3^rd in the EU for highest penetration rate of fixed broadband growth⁵
• 4^th in the EU for the share of fixed broadband lines equal to or above 100Mbps
• 5^th among the 59 world’s most developed countries for mobile telephone subscribers⁶
• 92% of financial operations are performed via e-banking
• Most up-to-date ICT technologies (EDGE technology, 3G mobile communications infrastructure, mobile WiMAX 4G Internet etc.) fully implemented and functioning in the entire country

Source:1 Net Index; 2 The Word competitiveness yearbook 2012; 3 FFTH Council Europe;
4 Net Index; 5 European Commission; 6 The Word Competitiveness Yearbook 2012

Hub of integrated science, technology, research, logistics and business development centres

Lithuania welcomes foreign investors and businesses to take advantage of the special ready-for-business locations:

• 7 Special Economic Zones (SEZ)
• State and private industrial parks
• 5 integrated science, studies and business centers (valleys)