Quote: (01-23-2014 02:16 PM)evilhei Wrote:
I like Vilnius, Ive visited it couple of times for business. Its cool city with cheap prices. I am from Estonia myself. But comparing Lithuania with Estonia - young people hardly speak English there, you get 3x more expensive taxi ride when you speak English and not Russian with taxi driver, police stops you and asks for bribe (In Estonia for like 10 years its unheard that police takes bride). Also as doing business in Lithuania, its all about bribe, giving gifts, knowing people in power. And from the video I saw they say it takes only 3 days to start a company there, well it takes 10 minutes to too that in Estonia.
Evilhei, you should compare Estonia to more mature EU economies and not to LT. For example Petrosius mentioned that he is from Spain and honestly I believe LT's situation is better than that of most southern European economies. As for your country we all know that it is better off than half the original 15 members of the EU but that primarily has to do with your relationship with your ultra-rich neighbors and also the fact that you have no population (1.5 million and shrinking), so all it takes is a couple Scandinavian countries to open development centers/branches or buy out local companies and the change is felt throughout the whole country immediately. All your industries are basically taken over by foreign companies and employ most of your citizens, you are lucky to be in such an enviable position and really should not compare Estonia to Lithuania.
Swedbank, Danske Bank, Neste, Statoil, Schibsted and even Lithuanian Maxima chain all help your economy exponentially. Over 50% of your economy is owned by just two countries (Sweden at 28% and Finland at 24%). I wander what would have happened to Estonia if you guys did not get so much help from your neighbors?
I'm sure then you'd be in a more similar situation to LT, which is not necessarily bad.
Honestly, you need to compare LT instead to PL (Poland) or LV (Latvia), more similar economies and compared to them LT is doing relatively well. For example, Lithuania has one of the lowest unemployment rates in all of Europe, has extremely highly educated population, stable government (too many political parties though), low crime (even with the corruption you mentioned, trust me it is way better than 15 years ago) and just the right amount of foreign investment but not so much as to overwhelm the small businesses as in Estonia. Unlike Estonia we even get more foreign direct investment from our non-EU neighbors such as Belarus & Russia. Don't forget that LT is on the verge of rebuilding its Nuclear Energy industry (original requirement for joining EU was to close Ignalina Nuclear Reactor back in 2004) with help from GE Hitachi and major investment in this project from PL, so you'll be happy to receive subsidized energy.
I will "agree to disagree" with the other posters and will say that the future is bright for the country (if it could only solve its demographic crisis of the dwindling population which shockingly keeps emigrating).