Lithuania

Lithuania

LITHUANIA - COMMUNICATION

  • Lithuanians prefer face-to-face meetings, as they need to build relationships of mutual understanding.
  • They prefer to turn business relationships into friendships.
  • Accept offers of hospitality and reciprocate, as this is the sign of a true friend.
  • Once a friendship has developed, Lithuanians are willing to discuss business.
  • It is important to make your initial contact with a high-ranking person who is in a position to make a decision.
  • In many ways this is still a hierarchical culture, so showing respect and deference to people of auth

LITHUANIA - ECONOMY

In 2003, prior to joining the European Union, Lithuania had the highest economic growth rate amongst all candidate and member countries, reaching 8.8% in the third quarter. In 2004 — 7.3%; 2005 — 7.6%; 2006 — 7.4%; 2007 Q3 — 10.8% growth in GDP reflects the impressive economic development. Most of the trade Lithuania conducts is within the European Union.