Lithuania - Building MaterialsLithuania-Building-Materials
The construction sector in Lithuania is growing rapidly. Economic growth, growing wages, and the wide availability of credit boosted construction sector growth as opportunities for real estate developers and investors expanded. For almost a decade, real estate prices increased at an annual rate of approximately 10%. In 2018, the Lithuanian Association of Construction Companies reported 37% growth of construction company profits compared to 2017.
EU development funds provide an added impetus for the development and expansion of this sector. EU funds will pay for the reconstruction of railways, the renovation of regional roads, seaports, and airports, and the construction of new nature preservation facilities. Lithuania has received more than $12 billion in EU funds over the period of 2014-2017.
Leading Sub-Sectors
Machinery, equipment, tools
Building materials, insulation materials
Automation equipment/systems
Opportunities
Virtually all products associated with building renovation and construction are in high demand, including paints, doors, windows, plumbing equipment, lighting, insulation materials, heating systems, tools, and machinery.
Web Resources
Lithuania Construction Company Association
Enterprise Lithuania
Invest Lithuania