Actualidad

La agencia inmobiliaria privada más grande del mundo ¨Cushman & Wakefield¨ anunció el ranking de las mejores lugares en el mundo para la fabricación según su Índice Manufacturero. En la categoría de ¨Lugares de gran crecimiento¨, Lituania se encuentra en la 3ᵃ posición, arriba de Bulgaria, Republica Checa, Hungría y Eslovenia.

Lithuania among the most favourable countries for investment in manufacturing

March 20, 2014, Invest Lithuania

The world’s largest privately held real estate agency, Cushman & Wakefield, announced the ranking of the world’s top manufacturing locations according to its Manufacturing Index. In the category of “High Growth Locations” Lithuania is in 3rd position ahead of Bulgaria, the Czech Republic, Hungary and Slovenia.

Cushman & Wakefield is a global operator working with both small real estate buyers and international corporations. The company annually presents market reviews of various industry sectors. For the second year, the company has compiled the Manufacturing Index, which ranks the most favourable countries for manufacturing companies looking to relocate or expand their businesses.

The index is composed on the basis of 13 factors important to the manufacturing sector, for example, labour supply and costs, business risk, electricity price, etc. These factors are divided into three broad categories: manufacturing costs, which account for 40% of the final index value, business risk (20%), and business conditions (40%). The index is used to compare 30 countries and identify the most favourable markets for the relocation or expansion of operations. The compilers also note that each country has its own specifics and competencies that may be required for the manufacturing of certain products.

In 2014, a “High Growth Locations” index or emerging markets index was compiled for the first time, and includes markets that have so far not been considered on the manufacturing investment map. Lithuania is in 3rd position in this index, with very good conditions for business and good costs, but with relatively high business risk.

Since 2008, manufacturing investment projects in Lithuania, as a proportion of total investment, have significantly exceeded that of the rest of the EU. Between 2008 and 2013, a quarter (25%) of foreign investors in Lithuania invested in manufacturing. Manufacturing in Lithuania currently accounts for 21% of gross value added (GVA), however investment in the manufacturing sector is declining.

A similar decline in investment in manufacturing has been recorded in other Central and Eastern European (CEE) countries, where investment in the manufacturing sector over the period 2008–2013 averaged 32% of all investment projects. The higher percentage of investment in manufacturing in the CEE is determined by the fact that some countries in the region have historically established manufacturing competencies, for example, in the automotive industry.

According to the index factors provided by Cushman & Wakefield, Lithuania could reduce business risk and improve its attractiveness for investment in manufacturing by ensuring a more stable economic situation and increasing its energy independence.

About Cushman & Wakefield

Founded in 1917, Cushman & Wakefield is the world’s largest privately held real estate agency. The company currently has 250 offices in 60 countries and employs approximately 16,000 employees. The company provides such services as advising on the purchase or sale of real estate, leasing, acquisitions or mergers and debt and financial restructuring. The company currently manages assets worth around USD 4 billion. Cushman & Wakefield’s Analysis and Research Unit regularly conducts research on different markets and sectors and publicly announces the results of their research.