manufacturing

So far in 2024, 342 of Lithuania’s manufacturing industry companies hired 5,300 employees from third countries. Thus the number of foreigners working in this sector increased by 1.5 times compared with last year.

The structure of Lithuania's economy has clearly changed over the last two decades, an economist says.

AB ITAB Novena, a Swedish producer of equipment for shops, will build a new 10,000-square-metre factory close to its current plant in Kaunas. Construction of the new facility, which will receive LTL 10 million (EUR 2.9 million) of investment, will begin next summer, Invest Lithuania said.

The aggregate profit of Lithuania's manufacturing industry has grown from LTL 1.9 billion (EUR 0.55 billion) in the third quarter of 2013 to LTL 2.3 billion (EUR 0.67 billion) in the third quarter of 2014.