Lithuania in the news
8th October, 2004
Vilnius declared City of the Future in Eastern Europe
Vilnius - Cathedral Square
The journal "Foreign Direct Investment" (FDI), a member of the "Financial Times" group, has voted Lithuania's capital Vilnius as the City of the Future in Eastern Europe. Vilnius won this title against other cities in Latvia, Estonia, Belarus, Ukraine, Western Russia and other eastern European cities that had vied for the tile. The FDI jury was impressed by the fact that Vilnius with a rapidly growing economy has in a short period of time achieved excellent economic results, is situated in an exceptionally good strategic location, has good educational, health and transport systems, and has preserved its unique culture.
At the same time the Vilnius-Kaunas two city region was declared the most important regional centre in the Baltic region. (Kaunas is the second largest city in Lithuania after Vilnius). "Financial Times" representative declared that 'these awards are notices to Europe that Vilnius and Kaunas are becoming investment centres in Eastern and Central Europe'.