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CORPORATE

Lithuanian exports contract 7.5%

In June, Lithuania exported goods worth €1.83 billion and imported for €2.06 billion, according to preliminary data from Statistics Lithuania. Compared to June last year, exports contracted 7.5%, while imports went down 8.1%. Some of […]

„Smells Like Spells“ candles
Economy

Lithuanian hand-made candles a hit in London and Los Angeles

It took only six months for two Lithuanian entrepreneurs, Vilnius Malinauskas and Marius Bartkevičius, to establish a business and start exporting their products. Their company, Smells Like Spells, is making natural soy was candles and home fragrances which found a niche in the US, the UK, German and Latvian markets. […]

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CORPORATE

Lithuanian company to export organic hemp to Japan

Lithuanian Organic hemp grower UAB Agropro is entering the Japanese market. Up to now 95% of all of the company‘s products have been exported to European Union countries and the United States. “Japan is a […]

CORPORATE

Lithuania losing position as key re-exporter to East

Lithuania‘s status as a key transit country for re-exporting goods from West to East has started to wane significantly, with re-exports down by 10% in 2015 alone. […]