![]() ![]() In Latvia and Estonia, 18% of corporate finance directors expected an increase in demand, while in all Baltic states, the number of outright skeptics had decreased Concerns about global developments In terms of expected demand for the company’s goods and services, the Lithuanian businesspeople were the most optimistic – 33% believe that demand will increase in the future (up 9 pp compared to 2022. Almost 80% of respondents in Latvia and Lithuania described it as stable or very stable, while only 60% of respondents in Estonia said the same. In Estonia, only 25% of respondents gave a positive assessment (down 14 percentage points).Ī similar picture emerges in the assessment of the financial position of their companies (compared to 2022). 39% of survey participants in Latvia (up 7 percentage points compared to 2022) and 51% in Lithuania (up 25 percentage points) were confident about growth opportunities in the coming year. While optimism in Latvia and Lithuania has increased this year compared to last year’s very cautious assessment of the business environment, the opposite trend can be observed in Estonia – around a third (34%) of company CFOs are more pessimistic about the development opportunities for the coming year. Different perspectives on business development, a united perspective on rising demand A common characteristic of businesses in the Baltic states is their ability to adapt to change even in unusual circumstances, which enables them to compete well in Europe and globally,” SEB board member Ints Krasts points out. The differences between the views of Baltic businesspeople can be explained by the structure of the economy and the different trading partners. In this way, you can maintain confidence in the future. Our development opportunities are influenced by global events, and some entrepreneurs have obviously reassured themselves that they are able to deal with major challenges and difficulties. “Having analysed business people’s views on the business environment and development opportunities, two aspects are highlighted - an optimistic view of their growth opportunities and concern about global economic developments. The development of the global economy was identified as the biggest challenge in all Baltic states. The business world in Estonia is much more cautious about development prospects. After a rather pessimistic outlook for development in 2022, the situation has improved this year, according to SEB survey of the CFOs of large Baltic companies*. The largest companies in Latvia and Lithuania are once again somewhat more optimistic about their business growth. ![]()
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