Lithuanian policymakers and Nordic investors discuss investment climate: “Attracting investment more crucial than ever”
While Lithuania continues to make improvements to its investment climate, policy solutions are still needed to make it more attractive to foreign companies willing to invest and create jobs in the country. A discussion hosted at the Lithuanian parliament brought together Lithuanian policymakers, Nordic investors and business associations to talk about FDI, taxes and what it would take for Lithuania to move closer to its Northern European neighbours.
“When Norwegian business started to establish companies here, in Lithuania, decades years ago, they sought out the lower labour cost. Now, Norwegian enterprises seek to create the value-added business with innovative and reliable partners from Lithuania,” noted Karsten Klepsvik, the Ambassador of Norway to Lithuania, opening the discussion.
Today, over 300 Norwegian companies operate in Lithuania, almost as many as in neighbouring Poland, a country ten times the size: “This tells you something about the size of Norway’s presence in Lithuania,” according to Ambassador Klepsvik. The Nordics – Norway alongside Sweden, Denmark, Finland and Iceland – account for by far the biggest foreign direct investment portfolio in Lithuania, attesting to the country’s successful efforts to create a favourable climate for foreign companies to come and create new jobs.
Source: DELFI by The Lithuania Tribune