1. Lithuania - Right Place for Your Business. Location: City of Panevezys
Osvaldas Ciuksys
Vilnius
16 November, 2017

2. Facts & figures GDP growth Export growth 20152 : 1.8% 20162: 2.3%
20152 : 1.8%
20162: 2.3%
20172: 2.9%
2018: % forecast”
Export growth
20152 : 11.3%
20162: %
20172: % (1st half)
Population1
2.8 million
Labor Pool1
1.5 million
Source 1: Statistics Lithuania, 2016 and 2017
Source 2: Eurostat 2017
* World Bank
Unemployment1
6.6%

3. 1 4 2 5 3 6 What gives Lithuania a competitive advantage?
Cheap & skillful labor force 1
Business
friendly environment 4
World-class infrastructure 2 5
Quality of life at affordable costs 3
Great quality to cost ratio 6
Stability: EU, NATO, Eurozone

4. Engineering, Manufacturing and
Skillful labor force
Students by study fields in higher
1st in EU
53% of population with
higher education1
education institutions |
Social sciences, Business and Law
41%
84%
Engineering, Manufacturing and
Construction
proficiency in English
among professionals2
18%
Health and Welfare
13% 9%
50%
speak at least two
foreign languages3
Humanities and Arts
Science, Mathematics and Computing 7 %
Education 5%
Other programmes 7 %
Source 1: Eurostat, 2015 (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 and Science,

5. Lower labor costs
When labor costs in Lithuania will reach EU countries level?
2 scenarios: labor costs in Lithuania increasing 10% or 6% annually
Country
10% increase: year of
catch-up
6% increase:
year of
Sweden
2033
2042
Eurozone
2031
2040 EU
2029
2038
Estonia
2020
2024
Source: Ministry of Economy, Lithuania

6. Cost & quality combined
Ranked alongside Ireland, Germany, Switzerland
its business environment, Lithuania can also guarantee a fantastic cost to quality ratio.
for
Average gross monthly salary (Eur), 20161
4 000
3 642
3 000
2 000
1 146
929
1 000
771
Source 1: National statistics department, Edition 2017

7. 1st in EU 1st 1st Digital infrastructure: fast, reliable and
affordable
EU and global leader in connectivity
1st in EU
for fixed
broadband price3
and
communication technology
1st
globally in fulfilling business
needs for ICT1
2,73%
2,19%
1,85%
1,57%
1,25%
1,12%
1,06%
0,87%
1st
0,71%
In Europe for mobile
4G coverage2
% of disposable income | Advertised download speed above 12 and
up to 30 Mbps | 2015
Source 1: IMD World Competitiveness Yearbook, 2017
Source 2: OpenSignal, 2016
Source 3: European Commission Digital Agenda Scoreboard, 2015

8. Cost of premises One of the lowest office rental prices in the region
Source: BNP Paribas Real Estate, 2016

9. Logistics: fast connection infrastructure3
Road & Rail −
1st
in CEE for quality of roads1
Rail cargo services direct to Russia, Belarus, Latvai
Poland, Germany, Ukraine and Asia (incl. China)
Air −
3 International Airports, access to major European cities within 2-3 hours flight
Sea −
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
Source 1: World Economic Forum, Global Competitiveness Report,
Source 2:
Source 3: Girteka Logistics, Estimates based on two-driver shared shift model

10. 21 41 16 23 16 27 Business friendly Environment Ease of Doing
out of 190
countries evaluated
out of 137
countries evaluated
out of 180
countries evaluated
Ease of Doing
Business1
Global Competitiveness
Index2
Index of Economic
Freedom3 23 16 27
out of 180
countries evaluated
out of 176
countries evaluated
out of 189
countries evaluated
Environmental
Performance Index4
Doing Business Index by
World Bank
Paying Taxes
Ranking6
Source 1: World Bank, 2016
Source 2: World Economic Forum, 2017
Source 3: Heritage Foundation, 2017
Source 4: Yale University, 2016
Source 5: Transparency International, 2017
Source 6: PWC, 2016

11. Business friendly Environment 0-15% 21% 0-15% 15% 9% 30.98%
corporate profit tax
21%
VAT
0-15%
dividends −
15%
personal income tax 9%
social security tax paid by employee
30.98%
social security tax paid by employer
* Conditions apply

12. 6 Free Economic Zones 0 % corporate tax for the first 6 years
50% discount on corporate
tax over the next 10 years
0% tax on dividends
0% tax on real estate

13. Lifestyle Perfect place to live Cost of living Keeping you−
Vilnius is ranked by the New York Times
alongside Copenhagen, Barcelona and Capetown
as a hip and well managed place to live1
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
Cost of living −
According to the Mercer Cost of Living Index
2016, Vilnius is one of the four least expensive
EU capitals to live in for expatriates3
Source 1: The New York Times, 2011
Source 2: European Commission, 2016
Source 3: Mercer's 2016 Cost of Living Ranking
Source 4: Rotten Wifi tests, 2016

14. Cost of living in EUR: LTU vs SWE and DEU
Lithuania
Sweden %
Germany
Meal for 2 People, Mid-range Restaurant, Three-course 30 62
+106.7 45
+50
Local beer (0.5 liter draught)
2.5
6.2
+148
3.5
+40
Pack of Cigarettes (Marlboro)
6.12
+74.9
6.0
+71.4
Cappuccino (regular)
2.03
3.53
+73.9
2.65
+30.5
Gasoline (1 liter)
1.06
1.41
+33
1.32
+24.5
Apartment rent (3bedrms) in City Centre
690
1160
+68.1
1280
+85.5
Average Monthly Net Salary (After Tax)
655
2105
+221.4
2196
+235.4
Source:

15. Location of Panevezys Vilnius 135 km Riga 153 km
RIGA 153 km / TALLINN 460 km
LATVIA
MOSCOW
930 km
STOCKHOLM 680 km
MALMö 750 km
E67
240 km
DAUGAVPILS
150 km
80 km
ŠIAULIAI
KLAIPĖDA
PANEVĖŽYS
BALTIC SEA ×
E67
115 km
135 km
KALININGRAD REGION
KAUNAS
VILNIUS
BELARUS
KALININGRAD
E67
MINSK
323 km
POLAND
WARSAW 490 km
FRANKFURT 1580 km
Vilnius 135 km Riga 153 km
Kaunas 115 km
Klaipeda 135 km Riga 150 km
Tallinn 460 km Stockholm 680 km

16. Panevezys is place for modern manufacturing solutions
Panevėžys has the right people if you are looking for efficiency and getting things done. The region is highly supportive and competent boosting manufacturing business turnovers, especially in the mechanical engineering, plastics and automotive industries. The people here are not just highly qualified. They make things happen.
Raimundas Petrauskas
Managing Director, Schmitz Cargobull Baltic

17. Panevezys is the right place for doing business
Cooperation platform between foreign businessmen
and local stakeholders
 Heating and drying products
Clothing from wool
Operator of Panevezys’ industrial park
Wiring harness systems and electromechanical modules
Furniture  manufacture

18. Thank You
for
Your attention!