Lithuania needs changes but stability important for business after eletions – Dargis

He suggested that t he future ruling parties should not jump to changing the newly-adopted Labour Code.

“Business would most want clarity and predictability, it does not want fast motions, as economy needs clarity for investments and a rather predictable setting. If the new administration does not take any radical reforms, the business confidence in the administration will grow and the flows of investments will continue on the same level,” Dargis told BNS.

In his opinion, changes are needed in the counter-corruption efforts, management of public finances, education, health care, however, not in economy-related laws.

“If we start twisting the tax system, this will not benefit anyone. On the other hand, if we are talking about the reduction of taxes on labor by possibly expanding the tax base, I think it would benefit the development of our state,” said Dargis.

He also suggested that changes of the new Labour Code should not be rushed before seeing how it works.

“I think it is worth waiting, especially, if the new coalition will has sufficient political will, it seems to me that they should not start reforming the code but wait a year or so and see how it works, do a monitoring on how the relation between employers and employees changed on the market before making changes, as constant changes do not benefit the country,” said the leader of the industrialists organization.