Participants were welcomed by Lithuanian Prime Minister Andrius Kubilius.
Nouriel Roubini, an American economist and professor at New York University's Stern School of Business, was later scheduled to talk about the outlook of the global economy. Unfortunately, he was not able to come to Lithuania due to an illness, organizers said.
Many experts believe Roubini correctly anticipated the 2008 global recession and warned about a gloomy outlook for the world economy.
Representatives from the International Monetary Fund, the European Commission, commercial banks, and the international media will also attend the two-day forum.
Organizers say decision-makers need facts and economic analyses that would allow adopting proper decisions. Thus, projects involving joint interests of the Baltic states will be presented at the forum.
Financial crises make Europe stronger
Financial crises make Europe stronger, Lithuania’s Prime Minister has stated adding that the European Union (EU) will be better prepared to face future competitive challenges once the current crisis is over.
“Of course the current crisis in Europe is not the first and certainly not the last one. If you look at history, you can see that Europe was developing from one crisis to another. Usually it emerged from each crisis more solid, more united, and more powerful. What we can see, this is starting to happen this time as well,” Andrius Kubilius said in a welcoming address to the Baltic Investors Forum on Thursday.
The crisis in the euro zone had already reached its peak, he said.
“This forecast means that my party will win the elections again next Sunday,” the leader of the Conservatives joked. “Seriously speaking, we have the experience of battling the crisis,” Kubilius added.
