Lithuania must use its economic upswing period for future-shaping decisions - president

President Dalia Grybauskaitė

Lithuania has to use its economic upswing period for making decisions that will shape its future economic development, President Dalia Grybauskaitė said on Tuesday.

"The country's economy has been growing for eight years now. Lithuania is highly attractive to investment. However, this unprecedented period of upswing is not endless and it has to be used for decisions that will shape the future of the economy," she said in her annual State of the Nation Address to the Seimas.

The president noted that the country has made progress across many areas in record time, leading to its membership in the Organization for Economic Cooperation and Development (OECD).

"Today, the Lithuanian economy has access to the ideas and assistance of 36 most advanced countries. But it also means a commitment to boost national development, increase transparency, encourage competitiveness, innovation and modernization, promote dynamic business, literacy and strategic infrastructure," she said.

Grybauskaitė also said that Lithuania is "lagging behind, unjustifiably, with the use of EU support".

Source: BNS
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