Media Release: Lithuanian business partnerships provide a route out of recession


BUSINESSES in Birmingham, Coventry and Cambridge are set to be told that the key to powering their businesses out of the recession could be in exploiting the strategic benefits of partnerships in emerging economies such as Lithuania.

Says a spokesperson: “At a seminar to be held in each city on September 27th, 28th and 29th respectively, a team of business and investment experts from Invest Lithuania are set to tell an audience of business leaders how their companies could benefit from forging commercial links with the country.

“Located at the crossroads of Scandinavia, Russia and the CIS and long recognised as the gateway between Eastern and Western Europe, the region claims to offer a series of critical financial, technological and strategic advantages to any business seeking to grow despite the downturn.”

Said Invest Lithuania’s general manager, Mantas Nocius: “In challenging times, business leaders have to think and act flexibly. They need to be prepared to take advantage of the fact that we operate in a global economy, and to embrace the partnerships and opportunities that could shape their companies future irrespective of where they might be located.

“This has certainly been our experience in Lithuania, where many international and UK businesses have already set up regional headquarters or forged partnerships with local businesses to develop new technologies or open up fresh markets for their products and services

“The benefits of overseas partnership apply to many sectors, but the seminar will be particularly relevant to technology, manufacturing, IT, shared services and BPO companies as well as life sciences and R&D operations considering investing in research and innovation, near shoring or developing a cost-effective business abroad. A range of high-quality speakers from Lithuania and the UK are scheduled to attend, and will give detailed overviews of particular sectors while sharing their experiences of working in the country.”

Barclays, Glaxo Smith Kline, Marks and Spencer, The Body Shop, Aviva and Astra Zenica, amongst many others, have already taken advantage of the numerous financial support programmes available to UK investors in the region, which has been dubbed one of the best business destinations in Europe thanks to its large and well educated talent pool, strategic location, fiscal incentives and state-of-the art communications networks.

Nocius added: “We want to to tell people one of the outstanding success stories of recent years. During the seminar we will introduce you to Lithuania, its people, its competitive advantages and the numerous financial support packages available to UK investors, and will of course be available to answer any questions about how we can help businesses make the connections they need to forge ahead.”

Further Invest LT seminars will be rolled out in Teeside, Liverpool and Aberdeen in October 2011, and information will be updated and available on the Invest LT website as further announcements are made.

Invest Lithuania’s Birmingham seminar is at the Offices of HBJ Gateley Wareing on 27th September 2011, starting at 9 am (registration at 8:30 am) and finishing by 11:30 am.

Invest Lithuania’s Coventry seminar is at the University of Warwick on 28th September 2011, starting at 9 am (registration at 8:30 am) and finishing by 11:30 am.

Invest Lithuania’s Cambridge seminar is at the Offices of Taylor Wessing on 29th September 2011, starting at 5 pm (registration at 4:30 pm) and finishing by 8 pm.

Places at each seminar are limited, so please book a space by visiting or contacting INVEST LITHUANIA via

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Contact: Helen Reid
Phone: 08451308992