President of the Republic of Lithuania President of the Republic of Lithuania

Improving foreign investment climate is essential for economic recovery

2009-10-21

Wednesday, October 21, Vilnius - President Dalia Grybauskaitė received representatives of the European Business Network and nine foreign commercial chambers in Lithuania, representing European and North American businesses.

Dalia Grybauskaitė underlined that the business environment, especially regarding foreign investment, was an essential pre-condition for Lithuania's economic recovery.

President Grybauskaitė agreed with the opinion voiced by foreign investors that the problem of corruption was hindering the development of business in Lithuania. The President said that corruption was greatly damaging not only to business, but it was also undermining the foundations of society.

Among the other issues discussed were business conditions and investment climate in Lithuania, the financial sector, Lithuania's energy and taxation policies, and economic policy priorities.

Press Service of the President

Last updated 2009.10.21 12:18

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