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Lithuania's services market is booming, with a projected revenue of US$20.3 billion by 2028. This represents a 5.7% annual growth rate, driven by factors such as:
Strong focus on technology and innovation
Growing demand for IT and business process outsourcing
Favorable business environment and government incentives
Rising disposable incomes and consumer spending
The services sector now accounts for over 70% of Lithuania's GDP, highlighting its crucial role in the economy.
Government Goes Digital: Public Procurement in Lithuania
The Lithuanian government is a major player in the services market, with a total expenditure of US$1.2 billion on services in 2022. This is expected to grow to US$1.7 billion by 2028, representing a 4.3% annual increase.
The government's "Green Public Procurement" initiative aims to promote sustainable and environmentally friendly services, further driving market growth.
The Lithuanian government primarily procures the following services:
IT and telecommunication services: for infrastructure development, e-government solutions, and cybersecurity.
Professional and consulting services: for strategy development, project management, and research.
Business process outsourcing: for accounting, finance, and customer service functions.
R&D services: for innovation projects and technology development.
Facility management and security services: for maintaining government buildings and ensuring public safety.
Navigating the Lithuanian government procurement landscape involves understanding the key authorities:
Ministry of Finance: Oversees public finances and approves government budgets.
Public Procurement Office (PPO): Regulates and oversees government procurement processes.
Central Purchasing Office (CPO): Conducts centralized procurement for common goods and services.
Sector Ministries: Responsible for specific government functions and procurement within their respective areas.
Some of the top winners of Lithuanian government services procurement include:
Telia Lietuva: A major telecommunications company providing network infrastructure and technology solutions.
CGI Lietuva: A leading IT consulting and outsourcing company.
Deloitte Lietuva: A global consulting firm offering professional services.
Ernst & Young Baltic: A major audit and consulting firm.
Atea Lietuva: An IT solutions and service provider.
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