Lithuanian politicians say that higher wages may stop Lithuanians from leaving their country, but businesses argue that such steps as revamping the education and tax systems and cutting back on the state bureaucracy might put emigration on a declining patch, the business daily Verslo Žinios reported on Thursday.
Worker at a warehouse
© DELFI / Domantas Pipas

"I think the issue is looked at from a wrong perspective. As if we were the guilty ones and those others are the anointed ones and we must bring them back and create special conditions for them. I find this unacceptable. Let's speak about what we can do to make life in Lithuania good, not about bringing emigrants back," Aidas Setikas, CEO of the electronic system design and manufacturing company Rifas, told the paper.

"The value-added created in Lithuania is 30 percent lower than that in enterprises of a similar profile in Germany. The Germans create products. They are the owners of products. We do not have products. We are only part of some chain of supply. And we will be lagging behind until this changes," he said.

Other business people interviewed by the paper said that what should be done first is to streamline the education and tax systems and to reduce the bureaucracy, noting that wages cannot be suddenly raised for all workers and in all sectors.

Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

New specialized fintech bank setting up in Lithuania

On Friday European Merchant UAB was granted the license issued by ECB, European Central Bank through...

Lithuanian start-ups attracted EUR 70 million in investments in 2018, further breakthrough will be determined by environment improvement

In 2018, the Lithuanian startup community achieved the record-breaking results, i.e. attracted EUR 70...

Vitas Vasiliauskas: the matter of income inequality will become only more acute next year

The cabinet’s tax and public sector policy is not contributing to resolving income inequality...

CityBee is set to join European car-sharing leaders with a 110 mln EUR investment in major fleet upgrade

CityBee Solutions, which operates car-sharing services in Lithuania and Poland, today announced an...

A new money transfer startup goes to market donating its income for social campaign

Due to the growing financial awareness of the people, alternative money transfer platforms are coming...