Lithuania Handed Top Marks for Business Services

Beautiful panorama of Vilnius Old Town taken from Gediminas hill; Lithuania

Innovation and excellence across all its operations: this is the definition given to the Lithuanian Global Business Services (GBS) sector by the latest Invest Lithuania report. Over the past eight years, the Baltic country has strengthened its position as a go-to destination for business services in Northern and Central Eastern Europe, with 41 business centres located in Vilnius alone, while several other towns throughout the country, including Kaunas and Klaipeda, are also growing in importance. Continue reading Lithuania Handed Top Marks for Business Services

Global Players Dash for Tempting CEE

dollar pound euro coin on euro background.

News is spreading. Long viewed by Western European and American financial institutions as a safe place to do business, private and public investment funds from parts as distant as Asia and Africa now view Central and Eastern Europe as more attractive than some western economies. That’s the headline finding of a new report jointly published by Skanska, JLL and Dentons. In the first half of 2017, investors spent approximately 5.6 billion euros across the region, 10 per cent more than the first half of 2016. Continue reading Global Players Dash for Tempting CEE

Lithuania Set to Streamline Competition Legislation

Industrial dock with cranes on the quay

Lithuania’s Economy Ministry plans to make mergers and acquisitions easier from 2018. Draft amendments to the competition law will see the level of turnover before any merger needs to be referred to the regulator (Lithuania’s Competition Council; LKT) increase from 1.45 million to 2 million euros. In instances where several companies are being consolidated into one, the Economy Ministry is proposing the limit be raised from 14.5 million to 20 million euros. Continue reading Lithuania Set to Streamline Competition Legislation

Polish Labour Market Deficits Are Impacting All

Construction site with crane and building. Construction site in western europe - in Poland.

Half of Polish employers say they already face recruitment challenges which impact their companies’ development, says the latest Work Service report ‘Labour Market Barometer VIII.’ A third of them are struggling with personnel deficiencies, which prevents them from completing new contracts. Every eighth business has been forced to retreat from planned investments because of a shortage of candidates. Continue reading Polish Labour Market Deficits Are Impacting All