Lithuania is the seventh best country to invest in the EU, according to the German-Baltic Chamber of Commerce (AHK). However, experts present at a report’s launch ceremony on Thursday say declining demographics and workers’ shortage is posing a risk for the country.
According to AHK director Florian Schröder, the rating is based on opinions of 1,500 entrepreneurs surveyed in Lithuania.
The survey aims to understand the challenges and hopes of businesses which have close contact with Germany. Based on the 1,500 respondents, Lithuanian entrepreneurs ranked the country’s public procurement transparency, professional education, and the tax system negatively.
According to chief analyst at Euromonitor International Justinas Liuima, present at the AHK conference, Lithuania’s demographic situation will cause social challenges in the next 10 years.