Lithuanian businesses get no access to millions of euros from Boxer contract

Experts say that the supplier normally orders goods and services worth around 15-20 percent of the value of the deal locally. For the Boxer contact, that would amount to some 58 million to 77 million euros.

They note that Poland and some other EU countries are active users of the so-called offsets.

Related Post

Officials at the Defence Ministry could not explain why Lithuania had not made use of the mechanism in the procurement of the Boxers. They told the paper that specialists who would be competent to answer this question were not currently available.

Share

Recent Posts

  • Culture

Lens on Movement: Ukrainian and Lithuanian Photos at Luxembourg’s European Mobility Week

Celebrating the European Mobility Week (16-22 September), the City of Bissen in Luxembourg will present…

3 days ago
  • Economy

Lithuanians will have to open their wallets even wider: goods and services will become more expensive

According to TV3.lt, Swedbank economists raise their GDP growth forecast for Lithuania and believe the…

1 week ago
  • Economy

Janulevičius. Lithuania’s economy looks better than Estonia’s or Latvia’s, but we shouldn’t be happy about it

From Q1 2022 onwards, Estonia has been in a prolonged recession. Yes, we also had…

2 weeks ago
  • Tribune

EMBank’s earnings for the first half of 2024 have increased by over 50%

European Merchant Bank (EMBank), a provider of financial solutions to small and medium-sized businesses, has…

2 weeks ago
  • Latest

Resorting to anger when it should be apologising: experts on Gabrielius Landsbergis

As the debate on the Landsbergis' assets continues in the public sphere, political analysts are…

3 weeks ago
  • Economy

Preliminary housing purchase contract – what not to be afraid of and what to check before signing

A preliminary contract is usually signed when buying a new dwelling directly from the developer…

1 month ago