Meeting at the Lithuanian Confederation of Industrialists

Vilnius, March 6, 2023 – The Ambassador of Kazakhstan took part in a meeting with the leaders of the Lithuanian Confederation of Industrialists (LPK) and members of the Lithuanian-Kazakh Business Council.

President of LPK, Chairman of the Management Board of BOD Group V.Janulevicius on behalf of the Lithuanian business community confirmed interest in maintaining and building up business ties with Kazakhstani business partners. In his opinion, investments of European companies in Kazakhstan in the near future could become the basis for long-term strategic partnerships in various business areas, including the production of renewable energy sources, digital technologies, and mining and processing of rare earth metals.

For his part, the Ambassador presented the advantages of the investment climate in Kazakhstan, the measures are taken by the government to develop the Trans-Caspian international transport route, as well as promising areas for Lithuanian investment in the economy of Kazakhstan and the creation of joint ventures, including in the field of "green" technologies and logistics. He invited Lithuanian companies to systematically participate in international economic, transport, and logistics forums and exhibitions, which take place in our country, and to consider Kazakhstan as a financial hub for the entire Central Asian region.

The participants discussed further practical steps to implement the agreements in trade, economic and investment spheres reached during the visit of the Lithuanian delegation headed by the Minister of Foreign Affairs of the Republic of Lithuania Gabrielius Landsbergis to Astana on December 5-7, 2022.

Representatives of the Klaipeda Sea Port and Lithuanian Railways, who participated in the event, spoke about their plans to increase freight traffic from Kazakhstan to Europe using intermodal terminals in Vilnius and Kaunas, as well as the sea port in Klaipeda. They were also given recommendations on improving the effectiveness of bilateral cooperation and the practice-oriented activities of the Business Council.     

The Lithuanian Confederation of Industrialists is the largest association of Lithuanian entrepreneurs. The total contribution of its members to the Lithuanian economy reaches over 40%. The confederation unites 51 trade and 5 regional associations, which include more than 3,000 medium and large enterprises.