Hello,
I can also see Lithuania as good location for starting a business, especially if you think of IT and Tech services. This country has highly educated IT profesionals. In this article you can see statistics which compares level of educated people among Baltic states:
http://www.balticfez.com/baltic-area/ . Cheap labour price is another important factor for startups. As a success case example could be this company as those guys established heartquarter in Vilnius (Lithuania) :
http://www.investlithuania.com/stories- ... e-insight/ . More detailed info about them could be found here:
http://www.game-insight.com/en. They are known as global leaders in free-to-play games for smartphones, tablets and social networks. As such companies come, develope their businesses and succeed it is an good indicator for other companies too I think.