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Prime Minister invites Alibaba to establish office in Lithuania

Staff writer ▼ | March 29, 2016
Lithuania’s Prime Minister Algirdas Butkevicius has invited China’s internet giant Alibaba Group to set up a logistics and packing center in Lithuania, LETA/BNS reports.
Algirdas Butkevicius
Seller   Jack Ma is interested in developing operations in Eastern Europe
“Lithuania has a good business climate. The World Bank ranks us among 20 world’s countries with the most favorable environment for business creation,” Algirdas Butkevicius said in a press release.

Lithuania’s government leader, who, while on a visit to China, met with Jack Ma, the founder and executive chairman of Alibaba Group, pointed out that Lithuania’s postal operator Lithuanian Post was among the partners of the Chinese company. Moreover, Lithuania had five free economic zones, which could offer favorable terms for investment, he added.

According to the government’s press service, Jack Ma said that the company was interested in developing operations in Eastern Europe and saw Lithuania as a country that could become a gateway to the euro area and the whole of Europe for the Asian market.

He also said that Butkevicius’ proposal to establish a logistical center was noteworthy and promised to consider an invitation to pay a visit to Lithuania.