With the business climate in Belarus, Russia and Ukraine being largely unpredictable, companies are opting for Lithuania a country linked to European and Western markets.
Every year, the number of companies that have moved from the CIS countries to Lithuania is increasing, Invest Lithuania, the country’s investment promotion agency, reports.
In 2014, Lithuania was ranked 28th in the world as to country competitiveness by IMD. Delf.lt and Belsat.eu reports that firms are not deterred by the fact that a foreigner’s company must have a minimum capital of EUR 14,000 and hire three Lithuanian citizens. Most companies moving to Lithuania operate in manufacturing, logistics, wholesale sectors, while there are also computer technology startups.
Raman Ulasau began to developing computer games in Minsk, but he and his three associates decided to found the studio Jet Cat Games in Vilnius.
«Lithuania is young, the state helps, it is trying to build something. It is interesting, there are no things of that kind in Russia and Belarus,» Raman Ulasau considers.