Foreign investors in Lithuania are somewhat hampered by bureaucratic red tape, but overall conditions for them are good, President Dalia Grybauskaitė said on Friday.
© Shutterstock

"One needs cards, an electronic signature and has to carry too many documents with them to prove that they are actually investors," she said after meeting with a group of foreigners living in Lithuania.

According to Grybauskaitė, the overall picture for foreigners investing in Lithuania is "positive and good and no major changes are needed, but there are still bureaucratic constraints".

"But these are just details - the overall picture is positive," she said.

The meeting took place in Slidinėjimo Akademija (Ski Academy), a ski and snowboard training deck opened in Vilnius by Richard Schrijer, a Dutch man who permanently lives in Lithuania.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.

Baltic clothes retailer overhauling its chain

Apranga , the Baltics' leading clothing retailer, is overhauling its retail chain to improve the...

New proposal aims to unlock ‘black box' of the agri-food supply chain

Having banned unfair trading practices and improved producer cooperation, the European Commission...

Fighting cyber security threats: list of secure network's users approved

The Lithuanian government approved on Wednesday a list of institutions and organizations that will...

Lithuania changes anti-money laundering tactics

In a change of anti-money laundering tactics, Lithuania's authorities open pre-trial investigations...

Data watchdog launches probe into journalist Cerniauskas' actions

Lithuania's State Data Protection Inspectorate said on Wednesday it had launched an investigation...