Meeting with Lithuania's Prime Minister Andrius Kubilius
We had a very interesting meeting this morning with Prime Minister Andrius Kubilius from Lithuania at our office in Stockholm. He was joined by an impressive number of senior policymakers and advisers, including Minister of Economy Dainius Kreivys, discussing investment opportunities in Lithuania.
The government has drawn up a long term strategy to attract foreign investment into a number of targeted sectors. The timing is good as more and more investors are starting to look at the Baltic states again after having been out of investor radars during the economic crisis. Lithuania and the other Baltic states are starting to get credit for having implemented such tough fiscal consolidation and there are even voices suggesting that Eurozone members should go on a study trip to Vilnius.
We stressed the need to not only attract more foreign investors but also to build up a local investor base. The past years have stressed the importance of having large domestic funds investing into the market in order to reduce the reliance of foreign investors, which can be volatile in turbulent times. With many Lithuanians in the company, we consider ourselves locals and are very long term investors.
We thus very much support the government’s plan and look forward to continue to cooperate with both public and private institutions in Lithuania.
Vapaa määrittely: Andrius Kubilius, Lithuania
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