Baltic Business Climate Survey Baltic States 2021

The study has been conducted by the Baltic Consulting Team on behalf of the
Embassies of Sweden in Riga, Tallinn and Vilnius in partnership with the law firm
Glimstedt, Swedbank and Telia. Data gathering took place in May and the analysis

was carried out in June and July 2021.

● 570 representatives of companies with Swedish capital, local companies with
Swedish management, and other companies associated with Sweden in the Baltic

States were approached in the survey.

● 128 individuals representing various sizes of companies and industries participated
in the survey whereof 58 were from Estonia, 39 from Latvia and 31 from Lithuania.
44% of the respondents represented small companies with up to 9 employees, 18%
with 10-49 employees, 29% with 50-249 employees, and 9% of companies with

more than 1000 local employees.

● The survey was composed of quantitative and qualitative questions aiming to
understand the current business climate as perceived by the Sweden related

companies in the Baltic States.

● In order to understand the current state of businesses, a number of questions about
internal factors such as the number of employees and the year of business was
established were also included in the survey. The respondents were also asked to
express their views about future investment plans and the impact of Covid on their