“We spoke at the meeting that business environment in Lithuania is excellent..., however, there is too much of red tape in our American point of view,” Kennedy told reporters after meeting with President Dalia Grybauskaitė on Wednesday.
It took almost a year for the representatives of Thermo Fisher Scientific to collect all documents required to build a bioscience center, he said. Red tape of this scale might discourage investors, he warned.
“Lithuania should also liberalize or, I’d prefer to say, modernize labour relations. Regulation of working time should be made more flexible,” Kennedy said.
“The employees may readily agree to work longer today but they would like to get to work later or to work shorter hours the next day, yet it is not possible under the current legislation,” he said.
According to Nerijus Udrėnas, an adviser to Lithuania’s President, this was the seventh meeting between the IAC representatives and Lithuania’s state leaders.
