Financial Times: Vilnius among the top three cities of the future

Vilnius Investment Attraction Strategy is seen as one of the best in Europe. Vilnius has become the third best European city in terms of attractiveness for foreign investments in the European city ranking published by the Financial Times Investment Expert Group fDi Intelligence magazine.

The award-winning fDi Magazine is viewed by the international community as a barometer of investment attractiveness for cities and regions. The fDi magazine ratings published every second year become the starting point for competition between European regions and cities for new investment.

According to the ranking of investment attraction strategy, Vilnius ranked 3rd in the category of medium-sized European cities of the future. Vilnius has overtaken cities such as Liverpool, Bilbao, Porto, Newcastle, Poznan, Ostrava and Brno. Vilnius gave up only to Bordeaux (France) and Szczecin (Poland).

According to Vilnius City Mayor Remigijus Šimašius, this recognition opens up opportunities, helps to attract new investors and gives weight in the negotiations with the investors.

‘Foreign experts follow and appreciate our consistent and targeted efforts to create a new generation city open to cutting-edge technology and embracing the most daring ideas. These efforts have already delivered their fruits: our visibility and leadership in the category. We have become a role model for other cities and an investment destination for businesses. Rest assured, none of these opportunities will be spared as regards the better future for our city’, said Remigijus Šimašius.

The Financial Times’s fDi Intelligence division analysed the city’s direct investment attraction strategy, its ability to attract and retain foreign investment, as well as the facilitation of service provision. The ‘Go Vilnius’ Vilnius investment attraction strategy was highly appreciated by an independent expert panel by fDi Intelligence, which included Douglas Clark, director of the location consulting firm International Location Consultancy.

This year, Vilnius has reaped good results in other categories too, including the top three in human resources and lifestyle categories. In the cost efficiency category, Vilnius was the sixth. Moreover, its economic potential placed Vilnius among the top ten European cities.

According to all fDi rating indicators, Vilnius is the fourth most attractive investment city in Europe in the category of medium-sized cities.