Turkish businesspeople might build 5 star hotel in Vilnius and Riga
2015-02-08, 13:38
Published in
Society
BFL / Andrius Ufartas
Turkish businesspeople are considering about constructing a five star hotel in Vilnius, the capital of Lithuania. Elite World Hotels has already built two five star hotels in Saint Petersburg, Russia, and is planning to build a hotel in Riga. Vilnius Mayor Arturas Zuokas met with the investors and presented land plots on nearly a dozen of streets that are suitable for the construction of a hotel. According to Statistics Lithuania, Foreign Direct Investment (FDI) growth in Vilnius annually increases by 12%. Based on the data of Invest Lithuania, in 2011-2015 a total of 78 foreign investment projects were launched in Lithuania's capital, excluding retail, infrastructure and real estate projects. 5,841 jobs will be created as a result.
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