aA
'Eastern European business more efficient than in Western Europe' - German economists
© DELFI / Šarūnas Mažeika

The European Union's internal market offers the best business opportunities for Lithuanian exporters, said Dr. Marius Jung, economist at Coface, at the annual Business Risk Conference.

“While growth in the region is slow and there are talks about the Japanization of the global economy, the future prospects for the European Union economy are positive,” said the German economist.

M. Jung pointed out that Central and Eastern Europe has successfully recovered from the economic downturn and is a dynamic region that is growing faster than the rest of the continent.

“Of course, relatively large investments from European Union funds are helping to grow faster, but regional business should be commended, it is more efficient than in Western Europe,” said Mr. Jung.

The refugee crisis is undermining the Schengen area, which inevitably increases the EU producers' costs and reduces their competitiveness in the global market. Mr. Jung believes, however, despite the difficulties, the EU will manage to keep the advantages of the single market and the free movement of goods in the long run.

15min.lt

|Populiariausi straipsniai ir video

Survey: more Lithuanians view Belarus as unfriendly state (2)

The number of Lithuanian residents considering Belarus to be an unfriendly state is rising amid...

Belarus: fish kill in River Nemunas near Grodno triggered by natural and climatic causes

The die-off of fish and other aquatic organisms in the River Nemunas near Grodno in Belarus was...

Lithuania hands over to Russia regarding serious environmental violations in Baltic Sea

On 3 July, the Ministry of Foreign Affairs of Lithuania handed over a verbal note to the Embassy of...

LGBT community calls on president to show solidarity and wear rainbow badge (5)

Representatives of Lithuania’s lesbian, gay, bisexual and transgender ( LGBT ) community and their...

First ladies discuss challenges brought by COVID-19 pandemic

Lithuania’s First Lady Diana Nausediene and Elke Budenbender, spouse of Germany’s president,...

Top news

Survey: more Lithuanians view Belarus as unfriendly state (2)

The number of Lithuanian residents considering Belarus to be an unfriendly state is rising amid...

Public events sector slow to restart despite easing of audience restrictions

Even though the Lithuanian authorities have relaxed audience restrictions on cultural, entertainment,...

Maritime cluster has been founded in Lithuania

The business and educational organizations in Klaipeda are joining forces to develop the Lithuanian...

Public authorities getting closer to compromise on natl development bank

Lithuania’s public authorities are getting closer to a compromise on the establishment of a...

Belarus: fish kill in River Nemunas near Grodno triggered by natural and climatic causes

The die-off of fish and other aquatic organisms in the River Nemunas near Grodno in Belarus was...

|Maža didelių žinių kaina