Lithuania should seize the foreign direct investment advantage

<p><strong>By George Prior</strong></p>
<p>Lithuania needs to harness “the enormous power” of international investment to boost its economic opportunities in an increasingly globalised world, says serial global investor Nigel Green.</p>
<p>The European Union-based international entrepreneur, investor, and government advisor stresses that foreign direct investment (FDI) is a lifeline for economic growth and development.</p>
<p>He says: “Countries worldwide compete to attract foreign direct investment due to its ability to bring capital, technology, expertise, market access and large-scale job and wealth-building opportunities to a nation.</p>
<p>“All over the world, history proves that foreign direct investment ignites long-term, sustainable economic growth.”</p>
<p>As a long-term investor in and advocator of Lithuania, Nigel Green says that Lithuania should now “harness the power of foreign direct investment (FDI) and allow it to become a cornerstone of national economic development.”</p>
<p>He says: “I’m a huge believer in the potential of Lithuania and I think the time is right for Lithuania to seize the FDI advantage.</p>
<p>“By properly pushing the FDI programme, there will be a surge of capital into Lithuania, catalysing economic activity and driving growth.</p>
<p>“This influx of funds can be channelled into critical sectors such as infrastructure, technology, and manufacturing, creating jobs and improving the standard of living for the Lithuanian people.”</p>
<p>Nigel Green continues: “As I have seen around the world, foreign investors typically introduce different technologies, best practices, and management expertise.</p>
<p>“This transfer of knowledge enhances local innovation capacity and accelerates Lithuania’s progress toward becoming a knowledge-based, top-tier economy.”</p>
<p>Foreign direct investment would also help diversify Lithuania’s industrial landscape, reducing overreliance on specific sectors and fostering resilience against economic fluctuations.</p>
<p>“The establishment of new industries and sectors enhances economic stability and paves the way for a more balanced economy,” he notes.</p>
<p>“In addition, by going big on foreign direct investment, Lithuania gains more access to international markets through the establishment of export-oriented industries. These industries create products for global consumption, generating foreign exchange earnings and contributing to the country’s export revenue.”</p>
<p>Infrastructure development, from transportation networks to energy systems, would also receive a boost. Improved infrastructure not only attracts investors but also contributes to the overall development of the country for the long-term.</p>
<p>Additionally, as foreign investors seek local talent, Lithuania’s workforce is then exposed to global business practices, higher salaries, and skill enhancement, all of which creates a more competitive labour force.</p>
<p>Nigel Green concludes: “As Lithuania continues to assert itself on the global stage, the strategic use of foreign direct investment should take on greater significance.</p>
<p>“The transformative impact of a comprehensive FDI agenda on Lithuania’s economy, from innovation to job creation, would be undeniable.</p>
<p>“With the right approach, Lithuania can position itself as a beacon of opportunity, attracting investments from around the world that empower its people, enhance its economic resilience, and pave the way for a brighter and prosperous future.”</p>
<p><strong>About:</strong></p>
<p><em>deVere Group is one of the world’s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients.  It has a network of offices across the world, over 80,000 clients and $12bn under advisement.</em></p>