One of the world’s most influential business publications, Forbes, has announced their list of countries which are best for business. Lithuania has made the most dramatic progress and is now in 17th place. It has overtaken countries such as the USA, Estonia and Germany.
This is the tenth time Forbes has drawn up such a list, which shows the achievements of countries in eleven different areas including taxation, corruption, bureaucracy, innovation, technological advancement, individual, financial and trade freedom, ownership rights, protection of investors and the results of stock market performance.
The most remarkable progress in terms of all ratings was made by Lithuania, which was 25th in 2014 and has risen seven places to this year’s 17th. The Doing Business rating of the World Bank also saw Lithuania climb slightly to 20th position.
International experts rate Lithuania highly for influence of foreign direct investments on the deployment of technologies, for its simple procedures for starting a business, for high quality in the sciences, and for the ratio between wage and productivity among other things.
For more visit: Forbes
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