Lithuania belongs to the 3 countries know as "The Baltics", and is located in northeastern Europe, on the southeastern shores of the Baltic Sea, which separates between Lithuania and Sweden. Lithuania shares terrestrial borders with Latvia to the north, Belarus to the east and Poland to the south, alongside a small Russian enclave named Kaliningrad. In the past, Lithuania was part of the Soviet Bloc of countries and gained independence in 1990. In 2004 Lithuania joined the European Union and the NATO Alliance, and later on it joined other leading international bodies. Despite its being a small country with a population of only 2.8 million people, Lithuania has a well-developed economy, an educated population and high standards of living, as compared both to its neighbors and to Western standards. This combination provides many advantages when establishing a company in Lithuania.
In contrast to other Soviet Bloc countries, Lithuania was part of the Soviet Union for a relatively short period of time, between 1944 – 1990. For hundreds of years beforehand, the country was either independent or a member of one of the strategic alliances that ruled the Baltic area. Lithuania's capital city is Vilnius, which is also its largest city. Lithuania maintains a successful and very impressive combination of being a well developed and progressive nation that synergistically coexists alongside the country's rich and ancient political history and cultural heritage. In terms of natural landscape, Lithuania offers a mixture of pleasant beaches and long summer days, together with spectacular forests and untamed wilderness. Culturally, the country benefits from its proximity to Europe and to Scandinavian influences, while preserving the Lithuanian people's strong Baltic and national identities.For Viewing Lithuania in Google Maps - Click Here
Lithuania's economy is considered a progressive economy with elevated income levels and a very high ranking on the Human Development Index. These superior rankings also apply to the country's standard of living and other measurements of civilian well-being, including citizen rights, freedom of press and Internet, democratic governance, peaceful coexistence with its neighbors and others. Lithuania is a full member of the European Union, including participation in all of the Union's institutions and the Eurozone. Lithuania's GDP stands at approximately $102 billion and the per-capita GDP at nearly $37,000 a year.
Lithuania's population is very well educated, a fact that has formed a certain deficiency in the basic workforce needed for manual and industrial labor. However, the country's membership in the European Union and the freedom of movement within the Union, allow Lithuania to try and attract laborers for such positions from outside its borders.
Alongside its membership in the European Union, Lithuania is a full member of the World Trade Organization and is party to a large number of trade agreements with countries in the region and various countries throughout Europe. Lithuania's largest trade partnerships are, first and foremost, with Russia, followed by Germany and its neighbors, Latvia and Poland. The United States also maintains trade relationships with Lithuania summing to several billion dollars a year. Oil is the country’s primary export, and its leading economic sectors are services and, to a lesser extent, industry and agriculture. The many and differing qualities of Lithuania and its progressive economy make the country an attractive business and commercial entryway to the Baltic states, to the European Union and to the rest of the world.
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