The analysis of statistical data by Versli Lietuva shows that the strong growth of crude oil and other commodity prices on the global market, the ongoing COVID-19 pandemic and the difficult geopolitical situation in the […]
Marius Dubnikovas, a financial analyst, said on the “Lietuvos rytas” TV programme “Nauja diena” that the possible Chinese sanctions against Lithuania would not easily shake the country’s economy but require a combination of other unfavourable […]
On the News radio (“Žinių radijas”) show, Lithuania‘s bank board‘s director Vitas Vasiliauskas said that whilst the world economic scenario is being portrayed dramatically in Lithuania, the visible signs of ambiguity are preventing from making […]
All the necessary procedures have been completed in order to start Lithuanian dairy exports to China. Lithuanian products are expected to start shipping to the South-East Asian country shortly. Negotiations on trade in beef are […]
The recent food safety and suspected influence peddling scandal, which has embroiled the food company Judex and Lithuania’s Food and Veterinary Service, may result in Lithuanian food exporters losing their hard-won foothold in the American […]
The first six months of 2016 saw growth in transportation of goods. Experts predict that the transport sector’s share in the gross domestic product will be up to two and a half percent higher this […]
During the first half of this year, Lithuanian exports shrank 2.4% compared to the corresponding period last year. Because of slow economic growth in Europe, exports to EU countries fell 4%. The Brexit referendum caused […]
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 […]
This year, Lithuanian farmers have doubled their pea crops compared to last year. Within a couple of weeks, the first ships, each with 25,000 tons of peas, will leave the Klaipėda port for India. “Some […]
A Lithuanian furniture maker has been forced to freeze plans of investment after the United Kingdom, its biggest export market, voted to leave the European Union.
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China has been identified as a tempting new market for Lithuanian exporters, but few producers, outside the food industry, are making any forays into the world’s most populous market.
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First quarter’s foreign trade of Lithuanian businesses has been equal to 40% of last year‘s volumes, shows the latest analysis by the Confederation of Industrialists, the country’s biggest business association. Analysts point out several trends […]
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. […]
Lithuanian diplomats that are tasked with helping Lithuanian companies find business partners abroad will now be provided with more specific and targeted tasks and supports to boost exports. The new approach was discussed by Lithuanian […]
With the euro depreciating against the dollar, Lithuanian exports to the United States have jumped in the first quarter of 2016. The value of exports to the US increased by more than 35% or by […]
Lithuania‘s exports grew by an annual rate of 1% to €5.2 billion in the first quarter of 2016. Lithuania was the only Baltic country to post an increase in exports in the first quarter of […]
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 […]
Lithuania has sent its first shipment of meat products to the United States, Prime Minister Algirdas Butkevičius said on Tuesday. […]
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