Archive for June 12, 2009

Lithuania needs time and strength to recover from crisis – Prime Minister

As the BNS wrote the Prime Minister Andrius Kubilius said on 10 June that it would take much time and strength for Lithuania to overcome the current economic crisis.

“This forum is taking place here in Vilnius in a time of challenges. We can say from our experience that the global economic chaos is not over yet. Certain rays of hope have emerged already, but, of course, it will take time and global strength before we will be able to say that we are on the road to recovery,” Kubilius said in his opening address to the two-day World Forum for Direct Investment.

The forum, which is being held in Vilnius for the first time, has brought together more than 150 business leaders from around the world for discussions about foreign direct investment issues. International companies are to present their expansion strategies.

At a reception held on the eve of the forum, Lithuanian President Valdas Adamkus thanked Red Hot Locations for choosing Vilnius as the first host for the forum in “New Europe”. “Lithuania indeed is one of the most open and flexible economies in Eastern and Central Europe, which has been confirmed on many occasions by international organizations,” the President said.

“I can assure you Lithuania will continue to pursue a market regulation policy based on eliminating excessive business restrictions and building the groundwork for economic recovery,” he said to BNS.

The head of the investors’ forum Ms Ruta Skeriene was pleased with Prime Ministers speech in which he said that Lithuania is the best place to invest. Even though there is a lot to do but it is great that we starting to realise that we are capable country. His optimism shows that the Cabinet has a road map and is determined to achieve this Ms Skeriene said.

However, some complained that there was not enough attention from the Lithuanian high-ranking officials to the forum. As many observed only the mid and low ranking officials actually stayed in the forum all time.

Forum participants include representatives of Accenture, HewlettPackard, ComTrade, Intercell, BTG, Firstsource, Lindorff, iSoftStone, Transcom Worldwide, S3 International, Programeter and Electronic Arts.

In recent years, forums have been held in London, Amsterdam, Brussels, Bologna and Valencia.


June 12, 2009 at 5:32 pm Leave a comment


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