AHK Members Meeting. Lithuania as a hot spot for investors. Dr. Marius Skuodis, Dr. Gitanas Nausėda and Vytenė Stašaitytė. With
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1 AHK Members Meeting Lithuania as a hot spot for investors With Dr. Marius Skuodis, Dr. Gitanas Nausėda and Vytenė Stašaitytė
2 AHK Business Survey 2018 Results from Lithuania
3 Key Findings Lithuania rated 7 th most attractive country out of % satisfaction with current economic situation For 55%, the economic situation is better than in 2017 Increasing development of turnover & export Every second company wants to employ and invest more Increase of wage costs might slow down development More than 80% are satisfied with the government Lithuania ranks among top six countries concerning important macroeconomic indicators
4 66% say that the Business Climate is good bad satisfactory good BA MK HR RS AL RO LV MOE BG PL EE HU SK SI LT CZ 0 Ranks 2 nd for having the most positive outlook and improving compared to 2017!
5 The Economic Situation has improved for 55% better unchanged worse Lithuania Latvia Estonia Evaluation of the current economic prospects in comparison to the previous year (in %)
6 What do Lithuanian businesses plan for 2018? 47% want to employ more staff 75% expect an increase in turnover 46% want to invest more 56% expect an increase in export activity
7 Important Macroeconomic Criteria Compared to CEE Average Economic Policy Public Administration Tax System and Tax Authorities Tax Burden Access to Public Funding Legal Security Transparency of Public Procurement Predictability of Economic Policy Combat of Corruption, Crime Political and Social Stability Lithuania Latvia Estonia CEE 2,85 3,01 3,48 3,5 very good average very bad
8 Important Macroeconomic Criteria Compared to CEE Average Operating Environment Infrastructure Conditions for R&D Payment Discipline Quality and Availability of Local Suppliers Lithuania Latvia Estonia CEE 2,51 2,83 2,56 3,02 very good average very bad
9 Important Macroeconomic Criteria Compared to CEE Average Labour Market Labour Costs Employees Productivity and Commitment Qualification of the Workforce Academic Education Vocational Training System Flexibility of the Labour Law Availability of Skilled Personnel Lithuania Latvia Estonia CEE 2,87 2,96 3,04 3,09 very good average very bad
10 Key Improvements Transparency of Public Procurement ,5 3,1 Combat of Corruption, Criminality 3,4 3,2 Payment Discipline 2,9 2,6
11 Which country would Lithuanian companies choose themselves? 90% of the companies operating in Lithuania would choose it again as an investment location! 1. LITHUANIA 2. Poland 3. Estonia 4. Latvia
12 Lithuania in Top 10 In 2018, Lithuania was ranked the highest as a business location by companies from Estonia, Slovakia and Poland. 90% of the companies operating in Lithuania would choose it again as an investment location! Czech Rep. Czech Rep. 2 Poland Poland 3 Estonia Slovakia 4 Slovakia Estonia 5 Slovenia Slovenia 6 Latvia Latvia 7 Lithuania Croatia 8 Croatia Lithuania 9 Romania Hungary 10 Hungary Romania
13 Development in Timelapse Recently, Lithuania has climbed up one step. Lithuania Latvia Estonia Czech Republic
14 New Labour Law: Positive reactions outweigh negative ones Mixed feelings about new alcohol regulation: positive negative no effect very good average very bad What effect has the new Labour Law on your business? (in %) Assessment of the measurements taken by the government concerning alcohol consumption (in %)
15 Half of the respondents would not choose cryptocurrencies as future means of payment Is it possible that your company may accept cryptocurrencies as means of payment in future? Yes, we are considering it Yes, if cryptocurrencies gain more widespread acceptance No, cryptocurrencies are risky and shady no opinion
16 Thank you for your attention!
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