Lithuanian exporters see no dangers in doing business with Poland

Vaida Budrienė of MV Group, which exports alcoholic beverages to Poland, says the company does not expect any regulatory changes that could affect its business in Poland.

“It is not that we check exchange rates every day. Sure, there is a risk of falling purchasing power, but we haven’t seen that yet. The market [for alcohol] is strictly regulated in Poland; for instance, alcohol ads are completely banned. I think regulations are quite set and we do not expect any political changes in this area,” Budrienė told the business daily Verslo Žinios.

Giedrius Bagušinskas, president of the Food Exporters Association, says that most Lithuanian food producers do not export to Poland because prices are significantly lower there. However, Lithuanian companies readily import raw materials from Poland.

Svajūnas Sipavičius, director of the dairy Varėnos Pienelis, told Verslo Žinios that the dropping exchange rate of the Polish currency, the zloty, would have negative consequences not just for Lithuanian companies exporting to Poland, but also for those that compete with Polish produce in the domestic market.

You may like

Be the first to comment

Leave a Reply

Your email address will not be published.