Analysts at SEB Bankas estimate that Lithuania’s maximum economic losses in case of Russia‘s complete import ban could reach up to 5 percent of the gross domestic product, noting that such losses would be quite painful. […]
Lithuanian government representatives and the Industrialists Confederation are setting up an expert group which will be tasked with search for new exports markets. […]
The authorities of Hong Kong Special Administrative Region of the People’s Republic of China have officially approved the certificate of importing Lithuanian dairy products, Lithuania’s State Food and Veterinary Service (VMVT) said. […]
Statistics Lithuania reports that, based on non-final data from customs declarations, Intrastat reporting and VAT returns data, exports in July amounted to LTL 7.4 billion (EUR 2.14 billion), while imports to LTL 8.1 billion (EUR 2.34 billion). […]
Prime Minister Algirdas Butkevičius says that active search for new export markets for agricultural and food products continues. […]
Statistics Lithuania informs that, based on more comprehensive business, tax and price statistics, in the second quarter of 2014, GDP at current prices amounted to LTL 31.32 billion (EUR 9.07 billion). […]
When Russia imposed import bans in the past, traders successfully diversified their sales, shows the analysis carried out by the State Tax Inspectorate (VMI). […]
Lithuanian Minister of Foreign Affairs Linas Linkevičius says that the country’s exporters could look for new markets in Asia and Arab countries. […]
Following the introduction of sanctions on food imports by the Russian Federation, Lithuania’s Minister of Agriculture Virginija Baltraitienė has turned to Italian Agriculture, Nutrition and Forestry Minister Maurizio Martina, who holds the rotating presidency of the EU Agriculture and Fisheries Council (AGRIFISH), with a request to convene an extraordinary meeting of EU ministers of agriculture as soon as possible, possibly even in August. […]
Belarus and Kazakhstan, members of the Moscow-dominated Customs Union, accept Lithuanian food products and are not stopping cargo at the border. […]
On Monday, Remigijus Motuzas, First Deputy Chancellor of the Government, and Evaldas Gustas, Minister of Economy who is standing in for the prime minister, will hold consultations with representatives of concerned institutions on restrictions to import raw materials, agricultural and food products imposed by Russia. […]
Two trucks carrying food products have been stopped at Lithuania’s border with the Russian exclave of Kaliningrad after Moscow imposed an embargo on agricultural and food products from the EU, the Lithuanian Customs Department said on Friday. […]
Lithuania’s Ministry of Foreign Affairs on Friday held an inter-institutional meeting of ministerial representatives and representatives of business associations to discuss new export markets after Russia imposed import bans. […]
Several Lithuanian trucks are stuck at the Lithuanian-Belarusian border and the Latvian-Estonian border amid Russia‘s ban on the import of food products from the EU, the director of the Lithuanian State Food and Veterinary Service has informed on Friday. […]
At Friday’s meeting with Minister of Economy and acting Prime Minister Evaldas Gustas and Minister of Agriculture Virginija Baltraitienė, President Dalia Grybauskaitė noted that Russia had become a completely unreliable and unpredictable business partner. […]
The growth of the Lithuanian gross domestic product (GDP) may slow down by 0.2 percent in the wake of the Russian sanctions, Lithuania’s Economy Minister Evaldas Gustas said after meeting with President Dalia Grybauskaitė on Friday. […]
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