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Vilnius ranks second in Europe among medium-sized cities of the future 

Vilnius ranks second in Europe among medium-sized cities of the future 

Vilnius took the most prizes in the medium-sized city category of the European Most Promising City Awards organised by fDi Intelligence, the investment experts unit of the Financial Times. The European cities were rated in the following categories: economic potential, business-friendly environment, foreign investment strategy and attraction of human capital. 

In three categories, Vilnius outperformed last year: in the economic potential category, Vilnius moved up from 3rd to 2nd place, in the business-friendly environment category from 6th to 3rd, and in the attraction of human capital category from 3rd to 2nd place. Vilnius has dropped from first to second place in the category of attracting foreign direct investment, losing its top spot from the previous year. In the overall category of medium-sized cities of the future, Vilnius ranks second, with Zurich in first place. 

Vilnius Mayor Remigijus Šimašius is grateful to all those who have contributed to this outstanding achievement: “Once again, we have received great recognition in the different fDi Intelligence Awards! In terms of the number and scale of the awards, we have a lot to be proud of. This incredible success is due to the people of Vilnius and the Gediminas Code for Vilnius – openness to the world and the future, respect for people who work and create. Let’s not stop!” 

Vilnius has earned the highest number of prizes in the medium-sized city category compared to other cities for the second year running. The ranking was published on  the 16th of February 2023.

For the first time in this year’s ranking, Klaipėda has been recognised for its strategy to attract foreign direct investment (FDI). Klaipėda made ir to the 9th place in the category “Europe’s Small Cities of the Future 2023”.