Review of Tauragė Economy

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         In Tauragė County there are less than 100 000 residents, gross domestic product (GDP) is less than 2 percent. In 2017 the unemployment rate in Tauragė County decreased. In 2004-2015 the increase in wages ranked the third highest in the country, whereas in 2016 – wages were the highest in Lithuania.

           In 2017, in Tauragė County the growth in export ranked the second highest in Lithuanian and reached 30 percent. The main goods exported in 2017: milk and dairy products, wood, felt and non-woven fabrics, furniture, plastic etc. in 2017 there were 1750 companies operating in Tauragė County.

       Tauragė Industrial Park (TIP) creates great opportunities in order to attract foreign investments. Well-developed infrastructure and prepared land-plots for investments contributed to Tauragė Industrial Park attracting 15 foreign capital companies with more than 900 new workplaces.

Prepared based on “Verslo žinios”newspaper (18th of January 2018, nb.(10))

 

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