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The traditional annual initiative "No Country For Shadow"

Traditional "No Country For Shadow" week will take place on 15th May in Vilnius and will be spread in Lithuanian main cities by the 21st May. "No Country for Shadow" is organised aiming to develop a responsible, active and conscious society as well as to invite citizens to make a change in their daily choices, which could affect the scale of shadow economy in the country.

By sharing specially prepared postcards we hope to inspire debate and thought in everyone’s head about the long-term implications that ‘Shadow’ brings upon the economy.

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"Vilkyškių Pieninė" announced as the Investor of the year

Vilnius, 201april 21st

Association "Investors' Forum", which unites all the biggest and most active investors in the Lithuanian economy announced and awarded companies, organizations and individuals, who in the year of 2016 contributed most to the country's business and investment environment improvement.

 

In the sixth "Investors' Forum" annual award ceremony "Vilkyškių pieninė" won the Investor 2016 title. During the ceremony, the association also named the year's decision to improve the business environment, responsible business, business journalist of the year, countries servant and economics teacher.

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‘Investors’ Forum’ with the Government: 13 proposals to improve business climate in Lithuania

During an annual meeting with the Government of the Republic of Lithuania, ‘Investors' Forum’ members presented thirteen proposals for a more competitive investment environment.

The most important proposals for the Government are:
- To establish a balanced and the most competitive labour regulation among all the Eastern and Central Europe countries.
- To improve the quality of public service.
- To take action for the return migration and talent attraction by offering motivating salaries.

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Application for “Investors‘ Forum" Awards

Investors‘ Forum“ uniting the biggest investors in Lithuania announced a call for applications and nominations for the  annual awards where the best companies, public institutions, education and media representatives are rewarded for their contributions to improving investment climate in Lithuania. Six nominations are going to be presented: “Investor of the year”, Responsible business 2016”, “Best decision for business climate improvement”, “Public servant of the year”, “Best business journalist”, and “Teacher of Economics of the  yearApplications and nominations for this year’s awards are accepted until the 10th of March. They can be submitted here.
Winners will be announced during the official ceremony, which will take place on the 21st of April in Vilnius.

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Income tax exception became applicable for service companies

Lithuania is to attract IT, business process outsourcing, financial and other services enterprises to free economic zones (FEZs). Due to decision of Parliament of the Republic of Lithuania capital investment of service companies will have to exceed EUR 100 000 and employ at least 20 full time employees to receive incentives.

Small service enterprises operating in free economic zones (FEZs) and fitting capital investment and employment requirements will be also allowed not to pay income tax for six years.Before the amendment to the law, companies in order to get FEZ tax incentives, have to invest at least EUR 1 million.

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Baltic investors forum

Totoriu str. 5-21,

LT-01121 Vilnius, Lithuania

Tel.: (+370 5) 275 52 58

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