Investors begin 2016 full of optimism – the confidence in Lithuania’s economy continues to rise in the first quarter of the year and exceeds the result of previous quarter. Positive expectations of the largest investors in Lithuania are driven by favourable firm-specific factors. As much as 98% of CEO’s are expecting to sustain or further increase the level of profitability of their companies, as well as the demand for their products or services. None of the companies that took part in the survey intend to reduce export volumes and almost one in two (45%) investors plan to raise the number of employees.
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Association of the largest investors in the Lithuanian economy Investors Forum has invited business leaders and decisions makers to the second “Baltic Investors forum” (BIF 2015). The biannual event is going to take place in Vilnius on the 4th and 5th of June, 2015. BIF is a unique opportunity for business and political leaders as well as representatives of political parties and experts to meet in one place and discuss perspectives of economic growth and cooperation in the Baltic region in the context of global economic trends.
The Survey Report can be viewed and downloaded by clicking here.
In Q2 of 2015 Investors’ Confidence in Lithuania’s economic prospects grew significantly – CEOs of companies investing in Lithuania expect further positive changes in business environment. ICIL revealed that in the nearest future 4 out of 10 investors are planning to increase capital investments, almost as many (38%) expect to launch new investment projects and create new workplaces. However, entrepreneurs are more pessimistic about demand growth – only 1 out of 4 investors believes it will increase.
The global economy grew by just over 3 per cent last year, almost ½ percentage point less than we predicted at the beginning of the year. Growth in the USA, the Eurozone, India and Russia, among others, was disappointing. Meanwhile, economic growth in countries like the UK and Japan exceeded our expectations. The disappointments are mostly history. In the second half of last year, growth in both the industrial and emerging economies rose to 2 and just over 5 per cent, respectively, which we believe to be “cruising speed”.
