OREANDA-NEWS. May 13, 2011. After two difficult years, German companies in the Baltics are experiencing a noticeable upward trend and make further investment plans. This is the main result of the 2011 business survey conducted by the German-Baltic Chamber of Commerce among 97 German companies in Estonia, Latvia and Lithuania.

After the rockbottom in early 2010, the Baltic economies are on the upswing again and more than 60 percent of the German investors are expecting an improvement on the macro-economic level. Currently, however, more than half assessed the situation only as satisfactory and about one-third as outright bad.

With respect to their own situation, the majority of German companies in Estonia and Lithuania considered it good and in Latvia, satisfactory. In all three Baltic States respondents see their companies going in a positive direction in the upcoming years: more than 90 percent foresee a further improvement of their business situation or expect at least a steady development of their companies.