Speaker of the Lithuanian Seimas Loreta Graužinienė says she has reservations about cutting value added tax (VAT) rate for vegetables and meat. According to the head of Parliament, only retailers would benefit from VAT rate exemptions, while producers and consumers would not. […]
Lithuanian President Dalia Grybauskaitė has asked Prime Minister Algirdas Butkevičius to assess potential losses due to Russia‘s latest sanctions and find the best way to absorb these losses. […]
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. […]
Representatives of the agricultural sector say they support the plans of the Government to carry out intervention buying and claim that the interests of farmers, suppliers of raw food, should be taken into consideration in the current situation. […]
Intervention buying-in by authorities would help Lithuanian farmers cope with the consequences of Russia’s restrictions on the imports of food and farm products, Agriculture Minister Virginija Baltraitiene has said, adding that this measure would be financed from the national budget and the costs would be compensated by the European Commission (EC). […]
Due to Russia‘s ban on import of food products, there is now overproduction of dairy products, while procurement prices for milk are falling and many Lithuanian dairy companies have terminated their contracts with Latvian dairy farms, therefore the state should provide support for not only specific companies, but also for dairy farms, experts told the business portal Nozare.lv. […]
With Russia having closed its market to most European food products, the first month will be the most difficult for Lithuanian producers, the director of the Lithuanian State Food and Veterinary Service said on Monday. […]
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. […]
The Russian government’s announcement of sanctions on some food stuffs imported from the EU, Norway, USA, Canada and Australia will hit some countries harder than others. Yet the impact on the Russian economy may be even more significant. […]
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. […]
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