Vilnius is the fastest growing city in the region: in the last three years the population in the capital has grown by 2.7%. Vilnius is the only one of the major Lithuanian cities where the number of people who arrived to live and work here is bigger than those who left. Every third baby in Lithuania is born in Vilnius: about 7,000 babies are delivered each year in Vilnius.
In addition, Vilnius is the second youngest city (after Copenhagen) in Nordic European countries.
Vilnius citizens earn the most and salaries are growing: more than 37% of Vilnius residents earn EUR 1,000 and more. And this number grows every year. At the beginning of the term, there were 66,100 residents earning EUR 1,000 and more (28.1% of all workers), whereas at the end of 2017 – already 89,600 (37.3%). The City has increased salaries for Vilnius kindergarten teachers and health care professionals, salaries of social workers will be increased, too.
According to the balance of work and life in the city, Vilnius falls into the top ten of European cities (ahead of Brussels and Munich).
Vilnius is the most evolving city of Europe’s future. In the Central and Eastern European service centres awards in Warsaw, Vilnius was chosen as the most developing city of service centres in the region. Vilnius is the financial centre of the Baltic States – there are more than 150 fintech companies operating here.
Vilnius won even 7 awards in the elections of European cities most attractive for foreign investments, as announced by the magazine published by fDi Intelligence, an investment experts branch of Financial Times, and was among the top three cities of the future.
The City of Vilnius has been operating most effectively in Lithuania for the third year in a row! This was shown by the index of municipalities published by the Lithuanian Free Market Institute. Vilnius is becoming an inspiring example in welcoming innovative solutions and openly sharing its data. With its fast-paced modernization, Vilnius already now can offer even 121 municipal e-services that can be accessed in a mobile phone or in the comfort of one’s home.
Vilnius successfully reduces debts of the city. From EUR 383 million (at the beginning of 2016), the debt has been reduced to EUR 236 million (April 2018). This year, Vilnius plans to cover about EUR 36.8 million of loans and restructured debts to banks, and plans to assign more than EUR 28 million to pay debts for various services and works.
Profitable municipal companies create added value!
Last year for Vilnius was the year of development of services and reduction of prices. In Vilnius, water price dropped by one fifth, the heat price was reduced by 36%. After introducing a binomial fee for waste management, the price has dropped for most residents of Vilnius, for some – even by a half!