The Embassy of Sweden in Lithuania and Business Sweden welcomes you to a seminar on the opportunities in the Lithuanian market for companies working on energy efficiency related products and services.
Energy efficiency grew rapidly in Lithuania and other Baltic states in the last decade. However, despite the positive developments in terms of energy intensity, energy consumption in Lithuania is still much higher than the average in the EU or in the old Member States. Energy efficiency is one of the main strategic objectives in the Lithuanian operational programme for the European Union Investment Funds 2014-2020. EU funding committed to energy efficiency in Lithuania until 2020 is EUR 970 million.
Among the focus areas, where the most investments are planned, we believe Swedish companies have the highest potential in the following:
- Biofuel in electricity and heat generation
- Energy efficiency in industrial enterprises
- Modernisation of urban street lighting
- Modernisation of heating networks
- Smart electrical grid and smart metering
Lithuania’s economy is one of the fastest growing economies in Europe. The future outlook of the Lithuanian economy is positive. Its growth is anticipated to outrun Eurozone’s average three times within the upcoming four years. Currently, the economic growth is mostly encouraged by factors related to domestic demand – private consumption and rapidly increasing investment. Investment is expected to continue growing in the nearest future. Swedish & Nordic firms are very well perceived in Lithuania – 85% of managers of Nordic companies confirm it. Sweden is also the largest investor in Lithuania with 26% share of total Foreign Direct Investments.
- Susanna Hughes, First Secretary, Embassy of Sweden in Vilnius
- Lukas Danielevičius, Manager Lithuania, Business Sweden
The seminar is aimed for the export or sales manager at companies that can offer products or services related to the energy efficiency, especially in the abovementioned focus areas.
The seminar will held in English.
For more information:
T: +370 620 74020
T: +46 70 883 8728