Abbreviation LPK Purpose Lithuanian industry | Formation 1989 Region served Lithuania | |
Legal status Non-profit organization Location A.Vienuolio st. 8, LT-01104 Vilnius | ||
The Lithuanian Confederation of Industrialists (Lithuanian: Lietuvos pramonininku konfederacija) or LPK is a major association and lobby group in Lithuania which represents the interests of large industrialists and employers. The Confederation in an umbrella organization uniting 44 trade and 9 regional associations which comprise over 2700 medium and large enterprises from various public and private sectors. Confederation membership is entirely voluntary. LPK members cover all the main sectors of industry and unite over a third of the Lithuanian work force, which generates almost 60% of Lithuanian GNP.
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LPK is a full-fledged member of international organizations like Confederation of European Business (BUSINESSEUROPE), International Organisation of Employers (IOE), International Congress of Industrialists and Employers (ICIE).
History
LPK considers itself a successor of the Union of the Lithuanian Entrepreneurs, Industrialists and Businessmen (Lithuanian: Lietuvių prekybininkų, pramonininkų ir amatininkų sąjunga), established in June 1930. The Union ceased to exist in 1940 when Lithuania was occupied by the Soviet Union and all businesses were nationalized. The modern Association of Lithuanian Industrialists was established on June 17, 1989 (it was later renamed to the Confederation of Lithuanian Industrialists). The Association united manufacturing companies, banks, trade and commercial enterprises as well as educational and research institutions.