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Vilnius Ranks Third Among Europe’s Most Promising Cities

Vilnius Ranks Third Among Europe’s Most Promising Cities

Vilnius, the vibrant capital of Lithuania, has recently clinched a remarkable achievement by securing five prestigious awards at the European Most Promising City Awards during MIPIM, the world’s largest real estate exhibition held in Cannes. Despite fierce competition, Vilnius proudly claimed the third spot in the overall medium-sized city category, underscoring its growing prominence on the European stage. These awards are organized annually by fDi Intelligence, the investment arm of the Financial Times, and serve as a testament to Vilnius’ burgeoning potential and allure to investors.

Earning accolades in key categories, Vilnius was ranked second in human capital attraction and economic potential, affirming its appeal as a destination for talent and investment. Mayor Valdas Benkunskas emphasized Vilnius’ resilience and attractiveness to foreign investors, even amidst the geopolitical challenges facing Europe. He highlighted the city’s robust talent and investment policies, coupled with its modern infrastructure and vibrant socio-cultural climate, as key drivers of its economic growth and attractiveness to businesses.

Mayor Benkunskas expressed pride in Vilnius’ recognition as a city of the future, resonating with the city’s vision of continuous growth and leadership in the European and global landscape. The awards serve as a validation of Vilnius’ trajectory towards becoming a dynamic hub for innovation and investment.

In the medium-sized cities category, Vilnius further distinguished itself by ranking among the top cities for business friendliness, securing the sixth position, and for its investment attraction strategy, where it claimed the fifth spot. These rankings underscore Vilnius’ commitment to fostering a conducive business environment and implementing effective strategies to attract and retain investment.

With its innovative spirit, strategic vision, and unwavering dedication to progress, Vilnius continues to carve a distinctive identity as a city on the rise.