"Last year, the UK became Lithuania's 12th trading partner and we continue to strengthen our cooperation in the areas of exports and innovation, as well as attracting foreign direct investment. So far we have attracted business giants such as Euromonitor International and Intersurgical. By showcasing Lithuania's potential and investment climate, we aim to create even more opportunities for mutual economic growth," said the Minister of the Economy and Innovation A.Armonaitė.
During her visit, the Minister will meet with the management of BlackRock, the Bank of London, Thredd, Builder.ai, Revolut Bank and Bayes, a data science and artificial intelligence innovation centre. A meeting with the UK Minister for Industry and Economic Security, Alan Mak, representatives of the City of London Corporation and the Lithuanian community is also planned.
Last year, trade between Lithuania and the UK amounted to €2.34 billion, with exports of €1.5 billion and imports of €846 million. The UK is also the fifth largest inbound tourism market, with 74,000 British tourists expected to visit Lithuania in 2023.
