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Economy of Kaunas


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the USA, Finland, Estonia, Denmark, and Russia. Head offices of several major International and Lithuanian companies are located in Kaunas, including "Kraft Foods Lietuva", largest Generic Pharmaceuticals producer in Lithuania "Sanitas group", producer of sportswear AB "Audimas", one of the largest construction companies "YIT Kausta", JSC "Senukai", largest producer in Lithuania of strong alcoholic drinks JSC "Stumbras", Finnish capital brewery JSC "Ragutis", JSC "Fazer Gardesis", JSC "Stora Enso Packaging"", producer of pharmaceuticals, and the only producer of homeopathic medicines in Lithuania JSC "Aconitum". Due to its geographic location, Kaunas is considered one of the biggest logistics centres in Lithuania. The largest wholesale, distribution and logistics company in Lithuania and Latvia JSC "Sanitex", as well as a subsidiary of material handling and logistics company Dematic in the Baltics have been operated in Kaunas. Currently, the feasibility study for Kaunas Public Logistics Centre is being prepared by the national state-owned railway company Lithuanian Railways. The “Margasmiltė“ company currently has been working on a project that concerns exploitation of Pagiriai anhydrite deposit. The project includes mining of anhydrite, a mine with underground warehouses, building the overground transport terminal, as well as an administrative building. The Pagiriai anhydrite deposit is located 10.5 km (6.5 mi) south from the downtown of Kaunas, at a 2.2 km (1.4 mi) distance to the southwest from the Garliava town. The resources of thoroughly explored anhydrite in the Pagiriai deposit amount to 81.5 million tons.

The "UBIG group" (a branch of commercial Ūkio bank) is a management company of diversified holdings that operates in the property development, banking, aluminium, mining, logistics, textiles, sports, financial intermediary, and other sectors. The Lithuanian

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