The Vilnius investment attraction strategy has been recognised as one of the best in Europe. Vilnius became the third best European city of the future in the elections of European cities which are most attractive for foreign investment of announced by the magazine fDi Intelligence, published by an investment expert division of Financial Times.
fDi Magazine preparing the awards has been recognised by the international community as a barometer of the attractiveness of cities and regions for investment. Ratings of the fDi Magazine published every two years have become a starting point in mutual competitions for new investment among European regions and cities.
In the rating drawn up according to the investment attraction strategy, Vilnius was ranked the third within the category mid-sized European cities of the future. In this category, Vilnius was ahead of cities such as Liverpool, Bilbao, Port, Newcastle, Poznań, Ostrava, and Brno. In this rating, Vilnius has been outscored only by Bordeaux (France) and Szczecin (Poland).
According to the Mayor of Vilnius Remigijus Šimašius, such high recognition in this rating opens up even more doors and helps to find new investments within the sight, as well as gives weight in negotiations with new investors.
“Foreign experts notice and appreciate consistent and focused efforts of Vilnius to create a new generation city, open for state-of-the art technologies and hungry for the bravest ideas. These efforts have already given their fruit – we are not only visible, but also leading in our category. It means that other cities are already looking at us as a role model, whereas investors – as an opportunity. We will not miss these opportunities – we will use each of them for the creation of Vilnius, the city of the future,” told Mr. Šimašius.
fDi Intelligence which is the division of Financial Times analysed the city’s strategy for attracting direct investments in the category of investment attraction, an ability to attract and retain foreign investment, also additional activities whereby the city ensures the quality of services. The Vilnius investment attraction strategy created by “Go Vilnius” has been highly evaluated by an independent team of experts of fDi Intelligence, the composition whereof this year also included Douglas Clark, Director of the international consultancy company “Location Connections”.
In the rating of the current year, Vilnius has been well evaluated in other categories as well. Vilnius has also been ranked among top three in the category of human resources and lifestyle. In the category of cost efficiency, experts ranked Vilnius the sixth place. Besides, the capital of Lithuania has been ranked among ten European cities in terms of their economic potential.
According to all indicators of the fDi rating, Vilnius was named the fourth most attractive city for investment in Europe within the category of mid-sized cities.