Economy
Vilnius is the major economic centre of Lithuania and one of the largest financial centres of the Baltic states. Even though it is home to only 15% of Lithuania's population, it generates approximately 25% of Lithuania's GDP.
Vilnius contributed over 10,015 billion litas to the national budget in 2008. That makes about 37% of the budget.
Currently in Vilnius there are growing local advanced solar and laser technologies manufacturers centres (such as photovoltaic elements and renewable energy producers:Arginta, Precizika, Baltic Solar, high performance lasers manufacturers: Ekspla, Eksma, biotechnological manufacturers (Fermentas Thermo Fisher, Sicor Biotech), which successfully supply their products into global markets. In 2009, the Barclays Technology Centre was established in Vilnius, which is one of four strategic engineering global centres.
Furthermore, Vilnius concentrates most of Lithuania’s education and social infrastructure, attracting over two thirds of Lithuanian creative industries. These conditions have led the city to grow at the fastest rate in the Baltic.
Read more about this topic: Vilnius
Famous quotes containing the word economy:
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)