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Free Economic Zones (FEZ)
Member rating: No Rating | Words: | Submitted: Tue Jun 20 2006
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Free Economic Zones (FEZ) * Foreign and Lithuanian companies can invest in a FEZ. At present there are three such zones in Lithuania, in Klaipeda, Kaunas and Siauliali. * The FEZ in Klaipeda is the most advanced. The FEZ at Siauliali is apparently facing closure. FDI in Lithuania Lithuania attempts to encourage investments from foreign residents. Reasons that foreign investors are attracted to Lithuania are as follow: * A political regime with excellent foreign relations and stability in all that concerns the ethnic minority in Lithuania. * A strategic location that links the countries of the EU to the countries of the former Soviet Union, including convenient land links and a seaport. * Attractive to foreign investors, Lithuania was considered as one of the countries with the fastest rate of foreign investment in Central and Eastern Europe in the years 2002 - 2003. * The transport infrastructure with 4 lane freeways. The EU...
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