Members of the Investors’ Forum say that the newly elected members of the Seimas demonstrated ability to make determined decisions for improving the business environment. In their assessment of the end of the Seimas Spring Session, investors distinguished university optimization plan, the new Labor Code and the amendments to the Forest Law, which have opened a number of SRS reforms and shorten the environmental impact assessment procedures. However, in the last six months, there were also no critically acclaimed decisions, such as additional restrictions on alcohol trade and supplemental Insemination Law.
“We give 7 out of 10 for the beginning of the new Seimas’s work. The score is a bit lower than it could have been, due to controversial decisions that forced many investors to worry about. Nevertheless, during the course of this half year, several extremely important legal acts have been adopted that will have a lasting positive impact on the country’s investment climate. Therefore the first spring session gives investors quite optimistic view”, commentsed Rolandas Valiūnas, Chairman of the Board of Investors Forum.
According to mr. Valiūnas, executives of foreign capital companies investing in Lithuania for several years have drawn attention to the growing shortage of skilled labor, the educational system which does not meet business needs and the need to undertake fundamental reforms. According to the data of the Investors ‘Forum survey conducted by the Lithuanian Investors’ Confidence Index, the development of an effective education system for educators who need the labor market is one of Lithuania’s top priorities, and more than half (56%) of investors believe that urgent changes are needed in the field of education. Thus, the Seimas’s decision to approve the plan of optimization of schools of higher education and to light the green light on the network transformation association constitutes a solid positive signal for the investors.