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Seimas‘ Decision will Stimulate Economic Growth of Lithuania

Retiring Lithuanian Parliament (Seimas) has made a wise decision that will affect the economic development of Lithuania for the upcoming decades. Investors’ Forum welcomes a unified political decision to reject the President's veto for the new Labour Code and approval of a compromised both for workers and employers’ act, which was adopted in June.

According Rolandas Valiunas, Chairman of the Investors' Forum Board, "although there are disadvantages in the new Labour Code, it is a big step forward for the whole Lithuania and both its employees and employers. This is also a good news for investors: Lithuanian labor relations will be advanced and formed to increase creation of new jobs and business development in our country. Since it depends on the public welfare, during the last decade Lithuania has felt the benefits brought by foreign investors, the impact of foreign capital to the country's economic growth, creation of new jobs and the importance of a favorable environment for business development”.

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Elections 2016. Are business expectations reflected in political party platforms?

On the 12th September, Lithuanian Business Council invited politicians for the discussion on their political party programs and business needs. Rolandas Valiunas, Chairman of Investors' Forum, presented business expectations for the political parties and expressed the sense of common political commitment to reject President's veto for the new labor code, which is one of the main instrument to increase the country's competitiveness and job creation.

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Association "Investors' Forum" is expanding its team

Association "Investors' Forum" is expanding its team in order to strengthen its activities aimed at improving business environment and investment climate in Lithuania. Starting this week, Lukas Savickas will join the Association as Head of policy and public affairs.

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Investors’ confidence remains high, however elections and lack of labour regulation reforms are casting shadows

Survey of Investors' confidence index for Lithuania for the second quarter of 2016 reveals that large foreign capital investors remain highly confident in the economy of Lithuania. Although, the level of optimism has shrunk slightly in comparison with the beginning of the year. The largest investors are expecting a continuous growth of demand for their products and services (56% of surveyed top-level managers) and profitability of their companies (50%). A third (29%) are planning to expand their export quantities. 

However, increasing concerns are caused by reduced political stability before the elections as well as prolonged discussions about the labour regulation reforms. None of the surveyd managers expect the political stability to rise. As much as 85% of respondents see labour regulations as the main area in need of attention and reforms. 

Full publication of ICIL Q2 can be found here

“Danske Bank” triumphs at the 5th annual “Investors‘ Forum” awards

“Danske Bank” was awarded as “Investor of the Year”  for investment inGroup IT service centre in Lithuania at the “Investors’ Forum” awards this Friday, a traditional annual event bringing together top business, political and media leaders in Lithuania. Every year the awards celebrate the most important contributions to the improvement of Lithuanian investment and business climate and evaluates successful business projects as well as activities of public and educational institutions.  

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Extension of deadline for submissions for "Invetors' Forum" awards

Due to a number of requests the deadline for submissions for "Investors' Forum" awards is extended until 17th of March, 2016 5PM.

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