Invesment Climate
2020-01-10
Geographical situation:
Akmenė Municipality is situated in the Northern–Western part of Lithuania, in the territory of the Lithuanian–Latvian border. District area - 844 sq. m., administrative centre – Naujoji Akmenė. The district is divided into six elderships. There are three towns in the municipality: Akmenė, Naujoji Akmenė and Venta. Akmenė District is a part of Šiauliai County.
Nearest cities:
- Vilnius ~ 270 km
- Kaunas ~ 200 km
- Šiauliai ~ 60 km
- Klaipėda ~ 155 km
- Palanga ~ 140 km
- Ryga ~ 120 km
- Liepoja ~ 160 km
- Ventspilis ~ 170 km
- Kaliningradas ~ 310 km
- Pskovas ~ 400 km
- Minskas ~ 500 km
Transport infrastructure:
- Airports – Palanga 155 km, Ryga 125 km, Kaunas 200 km, Vilnius 270 km, Šiauliai 60 km
- Seaports – Ryga 125 km, Klaipėda 160 km, Ventspilis 190 km
- Railway stations – Venta 24 km, Šiauliai 60 km
- Railway line Šiauliai-Mažeikiai
- Railway siding of Venta-Naujoji Akmenė
- Hotel – 3,8 km
- University – 60 km
- Schools – 2-4 km
- Residential area – 2 km
Economic indicators:
- GDP in Šiauliai region 2,7 billion EUR;
- FDI in Šiauliai region 261,82 million. EUR and 968 EUR per capita, Akmenė municipality 79,52 million. EUR or 3935 EUR per capita. (data of Lithuanian statistics department 2016);
- Average bruto wage in Akmenė municipality – 599 EUR. (End of 2017 data by SoDra);
- Unemployment rate in Akmenė municipality 13,6 % (2016 m.. Lietuvos statistikos departamento duomenys);
Tax system:
- Income tax – 5-15%
- VAT – 21%
- Real estate tax – 0-1%
- Land Rent – 0-1.5%
Major enterprises operating in Akmenė:
- AB Akmenės Cementas - cement production
- UAB Bigso- carton, paper products
- UAB Vaidva - demolition of buildings, waste recycle
- AB Naujasis Kalcitas - construction materials manufacturing
- UAB Eternit Baltic – roofing, facade decorating materials
Outlook for business:
- There are land plots available for business development with the nearby communications (gas pipelines, electricity and water-supply networks) in Akmenė District
- Services of business consultants, lawyers, notary, banking, insurance, telecommunication and Labour Exchange Department etc. are available in Naujoji Akmenė
- Akmenė District is situated in the territory of the Lithuanian–Latvian border and it is suitable for development of logistics activities
- Akmenė is known as a region manufacturing construction material (cement, concrete, slaked lime, dolomite macadam)
- Rich resources of minerals
- Low manufacturing costs
- Competitive labour costs
- Large farmland areas provide an opportunity to develop agricultural activities
- Unique geological heritage can be used for expansion of tourism activities
