MP Kazys Starkevičius of the Homeland Union-Lithuanian Christian Democrats (TS-LKD), shadow agriculture minister, says that the action plan for 2014-2015, prepared by the Ministry of Economy and approved by the Government, which seeks to reduce losses of Lithuanian companies due to Russian trade sanctions, provides little hope for farmers, processors and carriers. […]
According to the calculations of Agriculture Minister Virginija Baltraitienė, losses of Lithuanian dairy and meat producers may possibly amount to LTL 500 million (EUR 145 million), because of food product embargo imposed by Russia. […]
Belarus will not join Russia’s sanctions against the European Union (EU) and wants to step up trade in milk and beef with Lithuania, says Agriculture Minister Virginija Baltraitienė. […]
When Russia imposed import bans in the past, traders successfully diversified their sales, shows the analysis carried out by the State Tax Inspectorate (VMI). […]
The European Commission will cover losses incurred by Lithuanian agricultural producers because they cannot sell perishable products due to Russia‘s ban on fruit and vegetable imports. […]
Lithuanian companies have refused to take part in Golden Autumn, a traditional autumn food show in Moscow in October, as Russia has slapped sanctions on the imports of agriculture and food products. However, some businesspeople will go to another exhibition, World Food Moscow, the Verslo Žinios business daily reports. […]
The European Commission allows Lithuania to provide only small aid to its food producers hit by Russian sanctions. However, the EC will separately assess the country’s situation, the Lithuanian Agriculture Ministry said on Thursday. […]
One of Lithuania’s major dairy producers Pieno Žvaigždės says that import restrictions to Russia do not pose a threat to the company’s existence, but they will have a negative impact on its profitability. […]
Lithuanian Minister of Foreign Affairs Linas Linkevičius says that the country’s exporters could look for new markets in Asia and Arab countries. […]
Moscow’s sanctions will cause greatest problems to Lithuania, not Poland or other countries. This is because Lithuania’s business engine is based on exports to Russia, said Edward Lucas, editor of The Economist International Office, in an interview to Info TV. […]
Lithuanian Prime Minister Algirdas Butkevičius said on Wednesday that VAT rates on agricultural products will not be reduced. […]
Russian sanctions will unambiguously have an effect on Lithuania’s labour market, say staff selection specialists. The greatest commotion has been already observed among companies that work directly with Russia, i.e., road carriers and food industry companies. It is expected that in the nearest future employee turnover will mostly affect shipping agents and export managers. […]
Residents of Lithuania’s southwestern District of Jurbarkas near the Russian region of Kaliningrad will benefit from an increase in Russian shoppers, Lithuanian President Dalia Grybauskaitė has said in an interview with a local newspaper. […]
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