Lithuania is ranked 4th worldwide as a "high growth location" for investment in manufacturing and is home to an expanding number of major international automotive companies such as Schmitz Cargobull, CIE Automotive, Yazaki, and AQ Wiring Systems.
Nurturing automotive talent is one of Lithuania's priorities. That is why the country has been quick to see the importance of establishing close co-operation between business and education. Currently ranked as 1st in CEE and 27th globally for university industry collaboration in R&D by the World Economic Forum, Lithuania can help relocating companies grow the talent they need to see their businesses prosper.
Finally, it's all about the location. Positioned in the heart of Europe, bordering both Central Europe and the CIS, and within quick reach of Scandinavia and Western Europe, Lithuania provides effective access to approximately 750 million customers. "Our combination of deep technical expertise, commitment to quality and convenient logistic positioning for access to Scandinavia, the CIS and Western Europe makes Lithuania the perfect location for automotive manufacturers," outlines Mr. Guoga.
Kaunas, Lithuania's second biggest city has also joined the campaign. "The key factor determining why most of automotive industry investments are concentrated in Kaunas region is our technological university, allowing us to guarantee the long-term provision of a skilled and affordable workforce. With the combination of our Free Economic Zone providing tax incentives, excellent logistics and qualified employees, Kaunas is an excellent location for boosting the international automotive business," asserts Povilas Mačiulis, vice-mayor of Kaunas.
For an industry facing uncertainty in the coming months as regards what exactly lies ahead once article 50 for leaving the EU has been triggered, Mr. Guoga believes Vilnius, and Lithuania, offer a safe, reliable, and most importantly, prosperous new home.