Lithuania is home to about 2 793 284 population and 55% of the locals are between the ages of 25 and 64. A high percent of the active population, a little over 62% is considered active.
Not many people know that Lithuania is suitable for outsourcing.
The median hourly earnings are the third lowest, after Romania and Bulgaria, so it is quite advantageous to outsource to Lithuania. This state offers much technical talent, innovation, and connection to every part of Europe.
There are currently 31,500 IT professionals in Lithuania, with an additional 1,300 future experts graduating every year.
Thepotential in there is significantly big, and the people that come from thereare open and easily likable. Not to mention they know how to correctly do theirjob and present their country in the brightest way possible.
Youprobably didn’t know, but Lithuania is number one in the European Union tostart a business. Even Forbes named it as a crucial entrepreneurial hub.
Thereare over 3 million people there. It offers safety and environmental protectionwhile it doesn’t have extra-large taxes. It is stable does not violate thefinancial markets and improves consumer and business confidence. That has beeneven said by Rasa Cincyte, an influential investment advisor from Lithuania.
Thetalent over there is highly skilled and affordable. Their youth consists ofstrong academics, and there are even five science valleys.
That makes it ideal for IT outsourcing. We have information that biopharmaceuticals and laser technologies are quite successful fields. Plus, their outsourcing proved to be equally effective and similar to those in Western Europe and Central Europe. Everyone over there is proficient in English as well.
Vilnius, for example, is a “smart city.” The chances of it becoming a global leader in the “smart city” movement are high.
Lithuania has taken the 2nd place in the EU when it comes to the share of youth (25-29 years) with tertiary education – 50.4%
Lithuania also ranks 4th in the EU for Bachelors graduates in science, maths, computing, engineering, manufacturing, and construction