How can Lithuania become Europe’s richest country?

Lithuania’s economy is growing, and its companies are increasingly competing in international markets. Yet businesses face rising costs, labor shortages and intensifying competition.

That creates a larger question: can rapid GDP growth alone make Lithuania a wealthy Western European state? A Delfi discussion brings together business leaders to consider what needs to change.

The debate will examine how Lithuania can create more high-value economic activity, improve productivity and give companies room not only to survive, but also to invest and expand. It will also address whether the country needs lower taxes, more investment, bolder economic policy or a different approach to building prosperity.

Participants are Robertas Dargis, chairman of the board of real-estate development company Eika; Vladas Algirdas Bumelis, founder of the biotechnology and pharmaceutical group Northway; and Tomas Okmanas, one of the founders of Tesonet.