Iš trijų Baltijos šalių Estijos mažos ir vidutinės įmonės šių metų verslo perspektyvas vertina optimistiškiausiai — čia kas ketvirtas verslininkas (25 proc.) tikisi didesnio negu 15 proc. apyvartos didėjimo. Lietuvos įmonės augimo galimybes vertina kiek nuosaikiau — tokio spartaus apyvartos didėjimo tikisi 19 proc. įmonių. Daugiau informacijos skaitykite www.seb.lt naujienų skiltyje https://www.seb.lt/naujienos/2014-01-29/seb-baltijos-saliu-optimistiskiausiai-nusiteikusios-estijos-pesimistiskiausiai?field_news_category_tid[0]=372&field_news_category_tid[1]=373

1. Baltic Business Outlook
January 2014
Estonia
Ēerika Vaikmäe-Koit, Member of the Board
Ruta Arumäe, Expert on macroeconomics
Latvia
Ieva Tetere, Member of the Board
Dainis Gašpuitis, Expert on macroeconomics
29.01.2014.
Lithuania
Virginijus Doveika, Member of the Board
Gitanas Nauseda, Expert on macroeconomics

2. Widest SME survey throughout the Baltics
Sept-Oct 2013
SEB visited companies in
Estonia, Latvia and Lithuania
Survey about upcoming business
year in five areas:
In total 4373 advisory
meetings were held
In total 3680 survey
respondents
turnover growth
investments
innovations
2014-01-29 | BALTIC BUSINESS OUTLOOK, JANUARY 2014
export
markets
employees
numbers
2

3. Turnover growth expected this year…
25%
67%
8%
74%
13%
69%
11%
ESTONIA
13%
LATVIA
19%
LITHUANIA
Optimists
over 15% growth
Moderate optimists
From 0-10% growth
Pessimists
Decrease
Arrow shows a comparison with 2012
2014-01-29 | BALTIC BUSINESS OUTLOOK, JANUARY 2014
3

4. Companies are more cautious about their
export development compared to 2012
15%
16%
69%
ESTONIA
13%
14%
74%
17%
69%
LATVIA
13%
LITHUANIA
Expand into new
export markets
Expand in current
export markets
Focused on
domestic market
Arrow shows a comparison with 2012
2014-01-29 | BALTIC BUSINESS OUTLOOK, JANUARY 2014
4

5. Companies planning rapid growth in their
turnover intend to recruit more
27%
69%
3%
83%
3%
75%
3%
ESTONIA
14%
LATVIA
22%
LITHUANIA
Higher
Plan to recruit
more people
Same
Keep the number of
employees unchanged
Lower
Plan to decrease the
number of employees
Arrow shows a comparison with 2012
2014-01-29 | BALTIC BUSINESS OUTLOOK, JANUARY 2014
5

6. Only 3-5 companies out of 10 are open to innovations
and organisational developments
Product / service
ESTONIA
27%
Business model
4%
Employees
Product / service
LITHUANIA
26%
Business model
3%
Employees
LATVIA
16%
8%
Product / service
Business model
Employees
26%
2%
4%
Arrow shows a comparison with 2012
2014-01-29 | BALTIC BUSINESS OUTLOOK, JANUARY 2014
6

7. Turnover growth expectations are related to
investment projects and higher competitiveness
Investment projects
above 30 000 euros
41%
Investments below
30 000 euros
20%
No investment plans
17%
Investment projects
above 30 000 euros
27%
Investments below
30 000 euros
10%
No investment plans
31%
Investment projects
above 30 000 euros
22%
Investments below
30 000 euros
12%
No investment plans
35%
ESTONIA
LATVIA
LITHUANIA
Arrow shows a comparison with 2012
2014-01-29 | BALTIC BUSINESS OUTLOOK, JANUARY 2014
7

8. Conclusions
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.
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.
2014-01-29 | | BALTIC BUSINESS OUTLOOK, JANUARY 2014
SME’s expect considerable
investment activity, but more
on small-scale.
For long-term success more
attention to innovation is needed.
8

9. Baltic Business Outlook, January 2014
Estonia
Ēerika Vaikame-Koit, Member of the Board
Ruta Arumae, Expert on macroeconomics
Latvia
Ieva Tetere, Member of the Board
Dainis Gašpuitis, Expert on macroeconomics
Thank You!
Lithuania
Virginius Doveika, Member of the Board
Gitanas Nauseda, Expert on macroeconomics