[ad_1]
Confidence is back
Monika Gabalytė, an analyst at the Investor Forum Association, discussing the Lithuanian Investor Confidence Index (LIPI) study, said that the value of the index continued to grow and returned to its pre-quarantine level and even increased it slightly.
“We saw the largest drop in value in the second quarter. Currently, the value of the index is 1,118 out of 2 possible,” he said, assuring that in the second quarter of last year the index had fallen to a record low of 0.909 points. .
The specialist said that investors today are more positive about the stability of the political environment in the country, and the assessment of the economic situation has also risen.
“It is important to discuss the areas that have been of concern since the second quarter of last year, the state of the economic environment. Almost half of those surveyed evaluate the economic situation as high, “he said.
Investor evaluation
As he explained, the most demanding area of the survey was singled out by investors as education.
“Education is the first area that investors are naming. 77 percent. respondents believe this is the area that needs the most attention.
Other areas are the efficiency of the public sector (65%) and the migration of talents (37%), ”he said.
Speaking about investors’ plans for the second quarter of 2021, the specialist said that investors have less negative expectations about changes in their companies than before.
Compared to the previous quarter, 15 percent. more company executives expect employee salaries to rise in the next period. The possible increase in the number of employees in companies, by 9%, is also valued more positively. more executives expect it to grow. However, there are no major changes in other areas, such as investments, new employees, company profits.
The most important areas for the country’s business climate are also valued more positively. Concerns about the situation of the acquisition of credit in the country are expressed by fewer company managers: 34 percent. Respondents believe that the situation in this area is good, so those who evaluated the possibility of easy access to credit last quarter was 18 percent.
Investors also have a more positive assessment of the macroeconomic environment in Lithuania, 17 percent. more executives see it positively.
The biggest challenge is talent
Sigismund Mauricas, chief economist at Luminor Bank, also welcomed the assessment of the improving macroeconomic situation and political stability.
“This is a very good basis for Lithuania to make a breakthrough in the next few years and elevate its economy to a higher league.
Sigismund Mauricas
Still, it is worrying that a large enough number of companies are planning a sufficiently aggressive or significant development. There has been a slight decrease in the appetite for investment and recruitment, and this may not be very good news, as Lithuania does not have enough to recover from this crisis, Lithuania needs to grow, especially since these changes have done so ” He said that there will be no shortage of changes in the future, as await the Green Course, digitization and changes in production chains.
“We also have important changes in the real estate market (RE), there is a migration of talent. See what is happening in the United States, there is talk of technology gardens. People who can work remotely choose the places that are most attractive to them, so investments follow talents, not talents follow investments, ”Ž explained. Mauricas.
According to him, the main advantages of Lithuania when it comes to attracting investment are that the country has a good situation in terms of real estate and office space, plots.
“The offer of offices is great not only in Vilnius, but also in Kaunas.
Now the biggest challenge is talent. The lack of qualified employees and the fact that one of the main reasons investors choose Lithuania is talent are mentioned several times in a row (in the survey edition).
Lithuania should have a very clear strategy on how to attract and retain talent, starting with changes in the tax system and ending with other things, ”he said.
It is strictly forbidden to use the information published by DELFI on other websites, in the media or elsewhere, or to distribute our material in any way without consent, and if consent has been obtained, it is necessary to indicate DELFI as the source .
[ad_2]
