I found out recently that Forbes magazine (Forbes.com) announced the list of best countries for business in 2009 after in-depth analysis of 127 economies. That’s interesting to know and take into consideration for future start-ups.
Second year in a row Denmark takes over top position, while there is as well two more scandinavian countries (Sweden, Norway) and UK representing Europe in Top 10. Baltic countries follow such order: Estonia -17, Lithuania-42, Latvia-45.
While rating methodology is not fully disclosed, it includes such variables as GDP growth, unemployment rate, economic dynamics, personal freedoms, investment legislation, corruption, etc.
That just proves that we still have a way to go to attract business to Lithuania, it looks like current government is going the right way reducing bureaucracy & granting support (www.skatinimoplanas.lt). Initial capital requirement for new start-up’s will be reduced 10x to 1000 LTL only, that enables entrepreneurs develop idea into a successful business with much less constrains.
We’ll see & feel economic stimulus created by current policy in a while, let’s be optimistic.
So if you are not too busy and not too far away this weekend (29-31th of May, 2009) please don’t hesitate to come by. At least what I remember from the last year’s festival, it was a really pleasant danish cultural experience. Otherwise, we will meet in even larger Lithuania’s Millennium celebration in Vilnius, this year 6th of July.
