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Foreign capital companies are rather happy with business conditions in Lithuania, shows Lithuania's Investors' Confidence Index.
Investors' confidence in Lithuanian economy grows
© Shutterstock nuotr.

In the third quarter of 2014, the index upped from 1.101 to 1.167 points out of the highest possible 2 points. The increase was mostly determined by expectations related to growing exports, new jobs and prospected investments.

"The index growth was due to three main factors - profitability, growing demand and intensified investment in the third quarter of the year. (...). 40 percent of the polled investors expect the demand to grow, one third plan to increase investment in capital, approximately half intend to create more jobs," said chairman of the Board of Investors' Forum Rolandas Valiūnas.

However, investors are concerned about the regulation of labour relations, the tax system, the lack of transparency in business environment and public procurement, political instability, insufficient purchasing power of consumers and excessive regulation of the market.

In the third quarter of 2014, 67 percent of the polled investors were concerned about the regulation of labour relations, 57 percent about the tax system and 53 percent about transparency. In contrast, these figures have significantly improved compared with the second quarter, when they stood at 80, 72 and 74 percent respectively.

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