Kaunas Takes Centre Stage 2018
Kaunas, Lithuania’s second city, is finally stepping into the limelight. Tourists and new foreign investments from all over he world, including Japan, Germany, Israel, Scandinavia and even USA are discovering what Kaunas has to offer. 2018 is the perfect time to discover the city – here’s just a handful of reasons why.
From 1919-1940, Kaunas made the most of its status of provisional capital by building some stunning buildings. This Modernist Architecture was awarded the European Heritage Label by the European Commission in 2015 and has recently been included on UNESCO’s World Heritage Tentative List.
The Baltic Cuisine
It’s no secret that Baltic cuisine is on the up, and Kaunas’s restaurants are up there with the very best. Uoksas, Monte Pacis and Numan are three restaurants that were recently included in the White Guide Nordic, the Scandinavian gastronomic bible. Local and international foodies are also fond of Dia, Ieti, Višta Puode, Režisierius, Sala, as well as Senis ir jūra, a new addition to the Kaunas gastro scene.
If you’re already a basketball fan you won’t need convincing, but if you’re not yet a convert to the church of B-Ball, a trip to Žalgirio Arena might change your mind. Žalgiris is Lithuania’s oldest and most decorated professional basketball team, with a set of fans known for generating a great atmosphere.
Kaunas Free Economic Zone
Kaunas Free Economic Zone (FEZ) plays the significant role in the economic growth of the Kaunas region. During the year 2017, 12 companies have announced the decisions to start their business in Kaunas FEZ; the sum of investments exceeded 245 mln. Eur. One of the recent investors was Hollister Incorporated, a US-based global manufacturer of medical devices and equipment, has announced their decision to invest in Kaunas Free Economic zone, investing approximately 50 million Eur. With around 300 new jobs to be created over the next several years.
Science Valleys of Kaunas
Following the experiences of other countries and based on the model of Silicon Valley in California, Lithuania began developing science and technology parks several years ago. Now in Lithuania there are five business valleys, two of five are located Kaunas: Santaka Valley and Nemunas Valley. In Santaka Valley, besides topics in the health, IT and engineering, the main focus of activities is in the social innovations, future energies and sustainable chemistry. Nemunas Valley is specializing in agriculture and forestry as well as the food sector.
Recognition in the Prestigious Investment Ranking in 2018
This year, Kaunas County was awarded in two categories in the “fDi Magazine” 2018/19 TOP 10 ranking of the Small European Regions of the Future. The County took the tenth place in the category “Human Capital and Lifestyle” and the ninth place in the “Cost Effectiveness” category. In the ranking of the “Human Capital and Lifestyle” category, the indicators of labour force in European regions, the results of their higher education institutions, the ability to attract and sustain talented people, the social progress indicator and life expectancy were assessed. The “Cost Effectiveness” TOP list was made considering wage averages, office rental rates, the number of hotels and services suitable for business, tax environment and other criteria.