The country, which was also the top spot in the region in 2009, had nearly 30 investment projects between January 2010 and November 2010. Estonia and Latvia had 24 and 21 projects respectively in the same time period.

Lithuania’s numbers are largely in line with its 2009 results. It has been boosted by investments into the financial sector from Barclays and Western Union, both of which plan to open offices in the capital Vilnius.

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In the same time period Estonia moved up to the second most popular FDI destination in the region, replacing Latvia which fell to third place. There has been speculation that Estonia joining the eurozone would benefit the country and the region, but opinion is divided on the potential benefits and consequences of such a move.