Lithuania is the southernmost of the three Baltic States – and the largest and most populous of them. The country is predominantly flat, with a few low hills in the western uplands and eastern highlands. Forests cover just over 30% of the country. The most important sectors of Lithuania’s economy in 2012 were wholesale and retail trade, transport, accommodation and food services (32.9 %), industry (25.1 %) and public administration, defence, education, human health and social work activities (13.7 %).
Lithuania’s main export partners are Russia, Latvia and Germany while its main import partners are Russia, Germany and Poland. It can be seen from the data below that Satsafe® represents a very significant Internet of Things (IoT) business opportunity in Lithuania focussed on security and safety applications.
Geographical size: 65 300 km2
Population: 3 003 641 (2012)
Population as % of total EU population: 0.6 % (2012)
GDP: € 32.940 billion (2012)
Official EU language(s): Lithuanian
Political system: parliamentary republic
EU member country since: 1 May 2004
Seats in the European Parliament: 11
Currency: Member of the eurozone since 2015 (€)
A world of opportunity:
We are currently seeking expressions of interest from International distributors for a range of Satsafe® branded safety and security applications including geobloc.
If you are interested in acquiring the Satsafe® Master License as a business opportunity in Lithuania, please contact us outlining your experience.