Lithuania needs changes in areas, such as education, however, the important thing for business is that the parties triumphant in parliamentary elections do not undertake unpredictable decisions or radical changes of laws linked with economy, says Robertas Dargis, the president of the Lithuanian Industrialists Confederation.
Robertas Dargis
© DELFI / Šarūnas Mažeika

He suggested that t he future ruling parties should not jump to changing the newly-adopted Labour Code.

"Business would most want clarity and predictability, it does not want fast motions, as economy needs clarity for investments and a rather predictable setting. If the new administration does not take any radical reforms, the business confidence in the administration will grow and the flows of investments will continue on the same level," Dargis told BNS.

In his opinion, changes are needed in the counter-corruption efforts, management of public finances, education, health care, however, not in economy-related laws.

"If we start twisting the tax system, this will not benefit anyone. On the other hand, if we are talking about the reduction of taxes on labor by possibly expanding the tax base, I think it would benefit the development of our state," said Dargis.

He also suggested that changes of the new Labour Code should not be rushed before seeing how it works.

"I think it is worth waiting, especially, if the new coalition will has sufficient political will, it seems to me that they should not start reforming the code but wait a year or so and see how it works, do a monitoring on how the relation between employers and employees changed on the market before making changes, as constant changes do not benefit the country," said the leader of the industrialists organization.

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

Lithuanian govt hopes papal visit will encourage religious tourism

Lithuania's government hopes the upcoming papal visit will encourage religious tourism in the country...

Lithuania ahead of Latvia, Poland, but behind Estonia on social progress index

The social environment in Lithuania is better than in Latvia and Poland, but worse than in Estonia,...

PM to invite European retailers to invest in Lithuania

Lithuanian Prime Minister Saulius Skvernelis says he plans to invite 12 European major retail chains...

Akmenė awaiting ground-shaking investment

Lithuania's northern district of Akmenė barely lags behind other cities in Šiauliai County in terms...

Minimum wage may rise to EUR 430 next January - PM

Lithuanian Prime Minister Saulius Skvernelis says that, based on updated earnings growth forecasts,...