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Lithuanian analysts forecast better future for Russian economy than Russians do

The Russian Ministry of Economic Development is predicting that because of record low oil prices and Western sanctions, the economic crisis in Russia will continue for at least 3 years. […]

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Russian carriers continue to prefer Klaipėda port over Kaliningrad despite dispute

Russian carriers are continuing to use the port of Klaipėda after receiving a small number of transit permits from Poland to release the logjam at the port that developed from a dispute between the two countries. […]

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Bank of Lithuania wants it to be easier for businesses to take out loans

The Bank of Lithuania has suggested amendments that would ensure that businesspeople seeking loans from commercial banks would not have to use their personal assets as collateral in all cases. Other proposed measures would also ensure that businesspeople taking out loans wouldn’t take on too much debt. […]

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Polish dairy farmers target Lithuanian market

The polish dairy industry has ambitions to win over a significant part of the Lithuanian dairy product market with increased promotion of a range of products in the country. […]