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KRETINGA REGION

Kretinga invest lt prezentacija 2015 10-29

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Page 1: Kretinga invest lt prezentacija 2015 10-29

KRETINGA REGION

Page 2: Kretinga invest lt prezentacija 2015 10-29

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

Page 3: Kretinga invest lt prezentacija 2015 10-29

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

Page 4: Kretinga invest lt prezentacija 2015 10-29

Effective transport chain

Maximizing rail, sea, land and air links

Roads Seaports International Airports Rail

Page 5: Kretinga invest lt prezentacija 2015 10-29

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

Page 6: Kretinga invest lt prezentacija 2015 10-29

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

Page 7: Kretinga invest lt prezentacija 2015 10-29

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.

Page 8: Kretinga invest lt prezentacija 2015 10-29

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

Page 9: Kretinga invest lt prezentacija 2015 10-29

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

Page 10: Kretinga invest lt prezentacija 2015 10-29

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

Page 11: Kretinga invest lt prezentacija 2015 10-29

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

Page 12: Kretinga invest lt prezentacija 2015 10-29

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

Page 13: Kretinga invest lt prezentacija 2015 10-29

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

Page 14: Kretinga invest lt prezentacija 2015 10-29

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

Page 15: Kretinga invest lt prezentacija 2015 10-29

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]

Page 16: Kretinga invest lt prezentacija 2015 10-29

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.

Page 17: Kretinga invest lt prezentacija 2015 10-29

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.

Page 18: Kretinga invest lt prezentacija 2015 10-29

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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