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Economist Vytenis Šimkus: how much might Brexit cost Lithuania?

The mists over the future of UK – EU relations currently still lingers. It appears that Theresa May’s cabinet is starting to completely lose control of the situation. According to political experts, the agreement she has obtained has practically no chance of receiving support in the UK’s House of Commons. The European Court of Justice introduced even more uncertainty on Monday, by declaring that the UK can unilaterally cancel the Brexit process, economist Vytenis Šimkus writes on Currently all the scenarios are plausible, but what could each of them means for the Lithuanian economy? […]


Blockchain Technology Opportunities in the Logistics Sector

Blockchain technology, which can be regarded as perhaps the most significant information innovation since the advent of the Internet, has enormous potential in an incredibly wide range of fields. One of the potential fields of blockchain application is the logistics sector, where this unique technology can lead to a major breakthrough. The ParcelABC team, which utilises the latest information solutions in the parcel delivery market, has been carefully following the development of this technology and opportunities for its application. […]

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The White Paper on China and WTO

On June 28, the White Paper on China and the World Trade Organization was published. China joined the WTO in 2001, which marks a key milestone in its intensive participation in economic globalization. The past 17 years witness how the role of China has evolved from an active partaker, to an important contributor, and eventually a firm guardian and defender of the multilateral trading system. The White Paper presents to the world China’s satisfactory performance as a WTO member so far, as well as its positive attitude and strong determination to safeguard the global trading system. […]


After exceptional growth last year, Lithuanian exports have lost momentum

Exports of goods of Lithuanian origin, excluding mineral products, continue to grow, though at a somewhat slower pace than last year. In early 2018, nominal exports of Lithuanian goods increased by 6.8% compared to the same period in 2017 (15.4% throughout 2017). Growth in exports of petroleum products of Lithuanian origin turned negative. In light of the latest data, Lithuanian exports are unlikely to gather momentum in the short run. Moreover, the looming trade war between Europe, other countries and the US does not warrant optimism. […]


Lithuania ‘ready to help Belarus with WTO accession’

As Belarus seeks to resume talks over membership of the World Trade Organization (WTO), Lithuania has said it is willing to help with advice and technical assistance. […]

Vytenis Povilas Andriukaitis
European Union

EU Commissioner Andriukaitis: Russia’s embargo issue to be solved at WTO level

Vytenis Povilas Andriukaitis, European Commissioner for Health and Food Safety delegated by Lithuania, assured the Government that issues relating to the Russian embargo will be solved on the level of the World Trade Organisation (WTO). […]