Vilnius Receives Top Honors for Investment Strategy

This recognition builds on Vilnius' history of strong performances in fDi rankings. In 2019, it led the Tech Start-up FDI Attraction Index and placed second overall in 2022's Mid-Sized European Cities of the Future ranking. The city already won first place for FDI Strategy in 2022.

Mayor Valdas Benkunskas emphasized the thriving technology ecosystem as a key driver of its success. “Innovation, strategic cooperation, and a progressive ecosystem are the key elements that work together in Vilnius. Our capital city is one of the most important fintech hubs in Europe and is also renowned for its cybersecurity, ranking first among EU cities in this area. In addition, the city's commitment to sustainability is also worth noting,” he said.

To ensure lasting economic and environmental impact, Vilnius evaluates each investment project through a structured process that prioritizes sustainable development. Such focus on sustainability has already attracted Cleantech investments at a rate 5.7 times higher than expected based on GDP.

Dovilė Aleksandravičienė, Head of the Vilnius business and tourism development agency Go Vilnius, highlighted that this recognition strengthens the city's global appeal. “Business-friendly environment, smooth integration of foreigners, city's economic potential, talent pool and institutional support are essential components for attracting global companies to Vilnius,” she said.

The pool of highly skilled talent remains one of Vilnius' key strengths. The city's ecosystem is dedicated to fostering specialists across ICT, engineering, and life sciences, with ambitions to train an additional 19,000 professionals by 2026.

Aleksandravičienė concluded by emphasizing growing international visibility for the city: “The international recognition we have received shows that Vilnius is strengthening its position in European and global markets. The city is becoming an important financial center, actively promoting business ties and partnerships in various industries. This contributes to the development of the local ecosystem and the emergence of new billion-dollar start-ups.”

Contact:

Aukse Meskinyte
aukse.meskinyte@govilnius.lt