Lack of qualified labour force in Lithuania is great obstacle for investors

Lithuanian competitiveness, necessary changes and amendments for the improvement of Lithuanian business and investment climate were discussed during the meeting. The review of the administrative burden put on businesses due to overregulation and the necessity of providing Lithuanian market with qualified, adequate labour force were among the most distinguished topics covered, the Investors’ Forum reports.

“The Investors’ Forum brings together leading businesses in Lithuania. Of course, to maximise your contribution, a lot needs to change, including cutting red tape, reducing corruption and providing more flexibility in our labour policy. But I am convinced that with your help we will see progress in job creation, economic growth and a step change in social integration,” the chief advisor.

“The scarcity of qualified labour force in Lithuania remains a significant obstacle for investors. Despite long-lasting discussions about education system in Lithuania and the need of reform, future prospects remain grim in this area. The fact that business associations and governmental institutions recognises this issue and initiate talks, sheds optimistic light on the matter. This meeting is an excellent example of positive initiatives like that,” said Rolandas Valiūnas, Investors’ Forum chairman of the Board.