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An overwhelming majority (71%) of Lithuanian residents consider it important for the state’s bureaucratic apparatus to operate efficiently; however, nearly two-thirds (61%) feel this efficiency is lacking. A survey commissioned by the Investors’ Forum, an association representing the largest and most active investors in Lithuania’s economy, reveals that as many as three out of four residents encounter excessive bureaucracy at least occasionally. A similar share believe that a more efficient public sector could save at least one-tenth of government expenditure.

The decision by automotive industry supplier Aumovio (formerly Continental) to withdraw from Lithuania is a serious signal warning of the country’s declining competitiveness and challenges in the investment environment. This is how the association Investors’ Forum, which unites the largest and most active investors in Lithuania’s economy, evaluates the publicly reported information about the company’s plans. According to the association, if the state does not take consistent steps to improve the investment climate, the risk increases that other companies may make similar decisions.

Members of the Investors’ Forum, an association uniting the largest and most active investors in Lithuania’s economy, discussed the key challenges and priorities facing Lithuania’s economy and investment climate during their annual meeting with the Government. Business representatives emphasized that in a time of geopolitical uncertainty, Lithuania must both strengthen its national security and ensure a competitive, investment-friendly environment.