IMPROVING FOREIGN INVESTMENT CLIMATE IS ESSENTIAL FOR ECONOMIC RECOVERY
Updated 2009-10-21
President Dalia Grybauskaitė received representatives of the European Business Network and foreign investors in Lithuania.
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.
