Investors’ Forum News

Retiring Lithuanian Parliament (Seimas) has made a wise decision that will affect the economic development of Lithuania for the upcoming decades. Investors’ Forum welcomes a unified political decision to reject the President’s veto for the new Labour Code and approval of a compromised both for workers and employers’ act, which was adopted in June.

According Rolandas Valiunas, Chairman of the Investors’ Forum Board, “although there are disadvantages in the new Labour Code, it is a big step forward for the whole Lithuania and both its employees and employers. This is also a good news for investors: Lithuanian labor relations will be advanced and formed to increase creation of new jobs and business development in our country. Since it depends on the public welfare, during the last decade Lithuania has felt the benefits brought by foreign investors, the impact of foreign capital to the country’s economic growth, creation of new jobs and the importance of a favorable environment for business development”.

On the 12th September, Lithuanian Business Council invited politicians for the discussion on their political party programs and business needs. Rolandas Valiunas, Chairman of Investors’ Forum, presented business expectations for the political parties and expressed the sense of common political commitment to reject President’s veto for the new labor code, which is one of the main instrument to increase the country’s competitiveness and job creation.

The association Investors’ Forum, which brings together the largest and most active investors into the Lithuanian economy, agrees with the initiative by the ruling coalition’s representatives in the Lithuanian Seimas to legalize partnerships. Investors emphasize that this step would help ensure legal protection of all couples who are not related biologically and are looking to build a life together. Investors’ Forum also believes that legalizing partnerships would significantly contribute to supporting human rights in Lithuania, while at the same time improving the business environment and investment climate.

Association “Investors’ Forum” is expanding its team in order to strengthen its activities aimed at improving business environment and investment climate in Lithuania. Starting this week, Lukas Savickas will join the Association as Head of policy and public affairs.

The value of the Investors’ Confidence Index for Lithuania (ICIL) has been growing since the last quarter and the current final value is 1,118 out of 2. Investors are more positive about the country’s business environment, and the value of the index exceeded the pre-quarantine value.

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.