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KRETINGA REGION
Lithuania
GDP growth – 2.9% [1]
Inflation – 0.2% [1]
4th lowest profit taxes in the EU [2]
#1 for industry-university collaboration in the CEE region [3]
#2 most favourable country for investment in Europe and #16 in the World [4]
1st in the CEE for quality of roads [5]
Source 1: Ministry of Finance, 2014 Source 2: KPMG, 2014 / BNP Paribas European Office Market, 2014
Source 3: European Commission, 2013 / WEF Global Competitiveness Report 2014-2015 Source 4: Foreign Policy‘s Baseline Profitability Index 2014 / Centre of Registers, 2014
Source 5: FTTH Council, 2013 / WEF Global Competitiveness Report 2014-2015
Kretinga region
Kretinga municipality is situated in Western Lithuania, in the county of Klaipėda.
Population – 39,400
Labour pool – 24,000
Source: Statistics Lithuania, 2014-2015
Effective transport chain
Maximizing rail, sea, land and air links
Roads Seaports International Airports Rail
Rail
Source: Lithuanian Railways, 2015
Rail infrastructure connects Kretinga with Klaipėda – one of the key rail distribution hubs in the Baltic States.
Cargo freights:
Saulė Runs from China to Belgium. Delivery time from Almaty (KZ) to Kaunas is 8 days.
Vikingas Connects the Baltic and Black seas, offering up to 30% reduction on logistics costs compared to road transport.
More at www.intermodal.lt
Seaports
Kretinga is 30 minutes drive from Klaipėda Seaport, which is the most northern ice free port in Europe.
Cargo handled in 2014
Klaipėda – 36.4 million tons
Source: Port of Klaipėda, 2014
Roads
Kretinga is 30 km away from the A1 (E85) highway, which connects biggest Lithuanian cities.
A1 connects with Via Baltica highway, which links Eastern Europe with Western Europe and Scandinavia.
International Airports
Passengers carried in 2014:
Vilnius International Airport – 2,942,670[1]
Kaunas International Airport – 724,314[1]
Palanga International Airport – 132,931[1]
Riga International Airport – 4,813,959[2]
Source 1: Lithuanian Airports, 2015 Source 2: Riga International Airport, 2015
Largest manufacturers
The biggest 8 companies employ 4% of all the working population
Akmena
Manufacture of wooden furniture
EMP: 186
Terekas
Manufacture of PET bottles
EMP: 122
P. Varkojis ir kompanija
Manufacture of wooden houses, furniture
EMP: 106
Babruna
Manufacture of wooden trays
EMP: 100
Vara
Manufacture of doors and windows
EMP: 93
Kretingos grūdai
Manufacture of compound feed
EMP: 89
Ostsee Fisch
Fish processing
EMP: 125
Imedeksa
Manufacture of log cabins
EMP: 72
Source: Rekvizitai.lt, 2015
Foreign Direct Investment (FDI)
10,28 mln EUR of FDI FDI in Kretinga region (mln EUR)
2010 2011 2012 2013
11,25 10,76
9,66 10,28
Source: Statistics Lithuania, 2013
Skilled workforce and attractive labour cost
speak at least one foreign language
24,000 Working-age people
4,7%
Seeking employment
76%
64%
28%
5%
speak Russian
speak English
speak French
Source 1: Statistics Lithuania, 2011-2013 Source 2: Lithuanian Labour Exchange, 2015
Attractive labour cost
Kretinga boasts a pool of highly skilled and competitive professionals, making it a sustainable location for business growth.
Monthly average gross salary (EUR)
Lithuania Vilnius Klaipėda Kretinga
677,4
797,6 722,6
505,2
Source: Statistics Lithuania, 2014
Qualification and competences. Vocational education
Kretinga Technology and Business School
387 students
61% are studying engineering
Gives both young people and adults the opportunity to gain new skills and knowledge
Provides training and retraining, and opens up new professions
Helps improve professional skills
Source: Statistics Lithuania, 2014-2015
Talent pool close to Kretinga Region
Within 30 min you can reach:
Klaipėda city
2 universities, 5 colleges and 9 vocational school
Over 2,000 students are studying engineering, manufacturing and construction programs
Source: Statistics Lithuania, 2014-2015
Source 1: Forbes, 2014 Source 2: State Tax Inspectorate Under the Ministry of Finance of the Republic of Lithuania, 2014 Source 3: State Social Insurance Fund Board of the Republic of Lithuania under the Ministry of Social Security and Labour Source 4: KPMG, 2014 Source 5: Kretinga Region Municipality, 2015
Business friendly environment
Ease of starting Business / World ranking – 11th [1]
Ease of doing business / World ranking – 24th [1]
Time for establishing a business – 3 days [2]
VAT – 21% [2]
Personal income tax – 15% [2]
Social security tax paid by employer – 30.98% [3]
15% corporate tax rate – 4th lowest corporate tax in EU [2,4]
Real Estate tax – 0.7; 1% [5]
Land lease tax for commercial areas – 1% [5]
A place to visit, enjoy, discover and invest in
The Manor’s botanical gardens meanwhile, provide access to
natural beauty all year round. And the gardens that surround the
manor cater for all tastes, including a Japanese garden that was
designed and created by actual Japanese masters.
With its 5 monastries, Kretinga can lay claim to
being the Lithuanian Vatican.
While the county’s rich history is reflected in
the exhibits in the Kretinga museum,
housed in the sumptuous surroundings of the
Kretinga manor.
Testimonials
Ostsee Fisch Volker Karsten
Headcount: 137
Est.: 1996
Kretinga’s strategic geographical location, with quick easy access to Klaipėda seaport, enables us to leverage the region’s cost competitiveness whilst maintaining direct access to the German market.
Head of Strategic Planning and Investment Division of Kretinga Region Municipality Administration
Darius Martinkus Tel: +370 445 76 231 Mob: +370 696 854 08 E-mail: [email protected] www.kretinga.lt Savanorių str. 29A LT-97111 Kretinga Lithuania
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