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:
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)