Investors’ Forum News

The association Investors’ Forum, uniting the largest and most active investors in the Lithuanian economy, has selected companies, individuals, and organizations whose activities most improved the country’s business environment and investment climate last year. During the awards ceremony held for the fourteenth time, the title of Investor of the Year 2024 was awarded to the company Biotechpharma. The telecommunications company Telia Lietuva was recognized for its socially responsible activities.

Lithuania faces exceptional international tension and uncertainty, underscoring the need for a stable business environment that fosters long-term investments, drives economic growth, and supports national defense. This perspective was highlighted by leaders of the Investors’ Forum, an association uniting the largest and most active investors in the Lithuanian economy, during a meeting with cabinet members.

The leaders of associations uniting Lithuanian and foreign capital companies operating in the country have approached the government, calling for immediate discussions with business organizations regarding planned tax changes. Representatives from the Investors’ Forum association, the Unicorns Lithuania association, the Lithuanian Employers’ Confederation, the Lithuanian Confederation of Industrialists, the Lithuanian Chamber of Commerce, Industry and Crafts, and the Lithuanian Business Confederation note that national security is the highest priority and that increasing funding for the country’s defense is necessary.

Vytautas Šilinskas has joined the management team of the Investors’ Forum, an association uniting the largest and most active investors in Lithuania’s economy. V. Šilinskas, a lawyer and labor law specialist, and a former Minister of Social Security and Labor, has taken on the role of Head of Policy and Corporate Affairs at the association. This May, he will become the Executive Director of the Investors’ Forum. V. Šilinskas will take over the position from Rūta Skyrienė, who has led the association since 2003.

Representatives of the Investors’ Forum association, which brings together the largest and most active investors in the national economy, visited Vilnius airport to learn about the development of Lithuanian airports (LTOU). During a meeting with LTOU director Simonas Bartkus, further perspectives on Lithuania’s air accessibility were discussed.

Lithuanian businesses facing staff shortages are increasingly choosing to employ foreigners, but complex procedures and the nuances of the legislation pose challenges for even the most responsible employers. However, mistakes and misunderstandings can be avoided, and the key to this is to create a closer dialogue between public authorities and businesses. These were the thoughts expressed at a discussion on “Hiring citizens from third countries: how to avoid pitfalls?” held in Vilnius.