The document summarizes key information about the Kretinga region in Lithuania. It highlights that Kretinga has a GDP growth of 2.9%, low inflation of 0.2%, and the 4th lowest corporate tax rate in the EU. Kretinga also has strong industry-university collaboration, favorable conditions for investment, and high quality roads. It provides details on Kretinga's transportation infrastructure, largest manufacturers, skilled workforce, education institutions, business environment, and cultural attractions.

1. KRETINGA
REGION

2. 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

3. 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

4. Effective transport chain
Maximizing rail, sea, land and air links
RoadsSeaports International AirportsRail

5. 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

6. 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

7. 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.

8. 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

9. 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

10. 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

11. 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

12. 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

13. 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

14. 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

15. 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]

16. 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.

17. 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.

18. 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: darius.martinkus@kretinga.lt
www.kretinga.lt
Savanorių str. 29A
LT-97111 Kretinga
Lithuania
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