In 2004 the Lithuanian Free Market Institute participated in
conducting an Investment Climate Survey which was
contracted by the World Bank. The goal of the survey was to
generate establishment-level quantitative information that
would help evaluate the performance of business enterprises
and identify constraints to doing business. The report on the
survey was presented in February 2005 at a discussion held by
the Ministry of Economy.
The topics discussed in the report encompass Lithuania’s
competitiveness, innovation and productivity, opening and
closure procedures of companies, the tax environment,
employment regulation, the quality of education, availability of
financial resources, infrastructure, business regulation, and
corruption. 3
The study provides multiple benchmarks of Lithuania’s
business climate against other countries, especially the new EU
member states, and recommendations for further improvement
of business conditions. The main proposal among them is to
strengthen the quality and abilities of the labour force and the
education system in assimilating new knowledge and
technologies.