Investors’ Confidence Index for Lithuania (ICIL) for the first time in the history of this study reached a negative value in the last quarter. The index rose again in this quarter and currently ICIL’s final value is 1,064 out of 2. Although the growth of the index and the return to a positive value indicate a higher positivity of investors, confidence is still low when compared to the period before the quarantine.
Statement of the Chairman of the Board
Rolandas Valiūnas
Dear Members,
Today, more than ever I wish I could begin this foreword as usual, by applauding Lithuania’s achievements, such as record-breaking 11th place in World Bank’s Doing Business 2020 rating or 47 FDI projects attracted by Invest Lithuania last year. I would continue by noticing challenges that we are well aware of, such as lack of qualified personnel and necessity for our Government to focus on improvements in the education system and migration procedures. And finish with some words to inspire us to continue our effort in improving business conditions and investment climate in Lithuania.
Investors’ Confidence Index for Lithuania (ICIL) for the first time in the history of this study reached a negative value – currently ICIL final value is 0,909 out of 2. The fact that the value of the index is less than 1 indicates that Lithuanian investors present more negatives assessments of the country’s investment climate than the positive ones. Naturally, the negative change is not unexpected in the current situation caused by a coronavirus pandemic. This decline was determined by a market and economic downturn and pessimistic prospects for the future.
The application process for annual Investors’ Forum Awards has now officially begun. Investors’ Forum Awards recognize and reward organizations and people who have significantly contributed to the improvement of Lithuanian business environment and investment climate.
We kindly invite you to nominate the companies and individuals for their significant achievements in the following categories until the 7th of February.
This decline was determined by a negative change in valuation of almost all areas. More negative expectations about the macroeconomic environment in the country and much more cautious valuations of possible growth of salaries, new jobs and investment in surveyed companies have contributed to the decline of the index.
The latest Lithuanian Investors’ Confidence survey shows that the index keeps growing in the second quarter of this year. Although index did not increase significantly, growth is higher than it was in the previous quarter. Currently, ICIL final value is 1,176 out of 2.