Baltic Business Outlook

29.01.2014.Baltic Business Outlook

January 2014

Estonia

Ērika Vaikame-Koit, Member of the BoardRuta Arumae, Expert on macroeconomics

Latvia

Ieva Tetere, Member of the BoardDainis Gašpuitis, Expert on macroeconomics

Lithuania

Virginius Doveika, Member of the BoardGitanas Nauseda, Expert on macroeconomics

Widest SME survey throughout the BalticsSept-Oct 2013

2014-01-29 | BALTIC BUSINESS OUTLOOK, JANUARY 2014

SEB visited companies in Estonia, Latvia and Lithuania

In total 4373 advisory meetings were held

In total 3680 survey respondents

Survey about upcoming business year in five areas:

turnover growth

export markets

employees numbers

investments

innovations

2

Turnover growth expected this year…


ESTONIA

LATVIA

LITHUANIA

13%

19%

25%

74%

69%

67%

13%

11%

8%

Optimistsover 15% growth

Moderate optimistsFrom 0-14% growth

PessimistsDecrease

3

Arrow shows a comparison with 2012

Companies are more cautious about their export development compared to 2012


ESTONIA

LATVIA

LITHUANIA

13%

14%

15%

14%

17%

16%

74%

69%

69%

Expand into new export markets

Expand in current export markets

Focused on domestic market

4


Companies planning rapid growth in their turnover intend to recruit more


ESTONIA

LATVIA

LITHUANIA

14%

75%

HigherPlan to recruit more people

SameKeep the number of employees unchanged

LowerPlan to decrease the number of employees

5


27% 70%

22%

83%

3%

3%

3%

Only 3-5 companies out of 10 are open to innovations and organisational developments


ESTONIA

LITHUANIA

Product / service

Business model

Employees

27%

4%

16%

Product / service

Business model

Employees

26%

3%

8%

Product / service

Business model

Employees

26%

2%

4%

LATVIA

6


Turnover growth expectations are related to investment projects and higher competitiveness


Investment projects above 30 000 euros

Investments below 30 000 euros

No investment plans

41%

20%

17%

27%

10%

31%

22%

12%

35%

LATVIA

ESTONIA

LITHUANIA

7



No investment plans



No investment plans


Conclusions

2014-01-29 | | BALTIC BUSINESS OUTLOOK, JANUARY 2014 8

SME’s are cautious about their business activity in 2014.

SME’s mostly count on domestic markets growth.

Export is somewhat less under attention than a year ago.

There will be stability on the job market.

SME’s expect considerable investment activity, but more on small-scale.

Innovation is troublesome factor –half of the companies in Estonia and ¾ in Latvia and Lithuania are not planning to improve their business this year.

For long-term success more attention to innovation is needed.

Thank You!Baltic Business Outlook, January 2014

Estonia

Ērika Vaikame-Koit, Member of the BoardRuta Arumae, Expert on macroeconomics

Latvia

Ieva Tetere, Member of the BoardDainis Gašpuitis, Expert on macroeconomics

Lithuania

Virginius Doveika, Member of the BoardGitanas Nauseda, Expert on macroeconomics

Baltic Business Outlook

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