Conservative leader Laurynas Kasčiūnas addressed a press conference on Wednesday, highlighting that while innovative ideas and energetic personnel are available, a significant procedural hurdle currently impedes the establishment of new businesses, such as ELTA. He stated that the state could provide necessary support by introducing proposals and specific tax incentives to strengthen and improve the startup environment. According to Kasčiūnas, young businesses often struggle to initiate operations due to unstable early income streams, making state financial contributions through tax measures crucial.
Echoing the need for structural support, former finance minister Gintarė Skaistė noted that Members of Parliament have formally registered a project within the Seimas. This legislative proposal outlines several measures designed to bolster the attraction of investments into the nation’s burgeoning startup sector. The discussion centers on creating an enabling environment for entrepreneurial growth.
The proposed reforms aim to mitigate the initial financial risks faced by founders. By implementing targeted incentives, the government seeks to smooth the pathway for new enterprises to operate effectively. The emphasis across both statements is on how fiscal policies—specifically adjusting tax burdens—can remove bottlenecks, thereby encouraging investment to flow there, into the innovative potential of local businesses.
These measures are intended to provide the necessary scaffolding for nascent companies to move from concept to sustainable operation.
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