Investors’ Forum News

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.

Executives of foreign capital companies investing in Lithuania tend to have confidence in the country’s economy and its prospects. Compared to previous years, investors are much more positive about the country’s business environment. The growing gap between labor costs and productivity is seen as the biggest challenge by business representatives, while political changes and economic tensions are also a concern for the respondents.

This year, Black Friday will be celebrated on 29th of November in Lithuania and worldwide, with the biggest discounts. Some of these inevitably lead to indiscriminate consumption, but this week of sales is set to be replaced by an increasingly popular initiative. This year, Investors’ Forum and its partners invite you to celebrate Black Friday with Green Friday instead, and to focus on more sustainable and responsible consumption.