V. Janulevičius stated on LRT radio on Thursday that the recently read coalition agreement represents a significant improvement over previous arrangements. He emphasized the critical importance of investment in new equipment and production facilities for the current business landscape.
Janulevičius noted that for Lithuanian business to remain competitive globally, the provisions within the new coalition agreement are highly valuable. Specifically, he highlighted the potential for reinvestment, arguing that enabling local businesses to invest in modern, productive equipment would lead to increased national productivity. He pointed out a discrepancy between recent economic indicators, observing that while wage growth in Lithuania has been rapid in recent years, productivity levels have not seen a corresponding increase.
Despite the positive reception of the new coalition agreement by the business sector, Janulevičius added that the agreement must address broader economic challenges. He concluded that while the business community values the changes outlined in the coalition agreement, further measures are necessary to ensure sustained economic growth and productivity improvements.
Topics: #coalition #agreement #business
