Analytics, Economics, EU – Baltic States, Investments, Lithuania, Markets and Companies

Marcus Wallenberg and Algirdas Butkevicius. Vilnius, 26.03.2015. Photo: lrv.lt

"In the light of the current geopolitical uncertainties, Lithuania's economy has proven its resilience as the country today is one of the fastest growing economies in the European Union," the PM said.

"Taking into consideration Russia's aggression and embargo, Lithuania's GDP nevertheless remains growing and in 2015 it is expected to increase by 2.5%, while in 2016 - by more than 3%," he said. Butkevicius highlighted that foreign capital feels safe in Lithuania as last year the country attracted two and a half times more investment projects than other Central and Eastern European countries. "This shows that investors trust us," the prime minister said.

Wallenberg, meanwhile, said that he was impressed by Lithuania's ability to turn to new markets so quickly. One of the most influential Swedish investors said that he saw long-term prospects of cooperation with Lithuania.