Bank of Lithuania chief Vitas Vasiliauskas
Economy

Vasiliauskas: ambiguous signs emerge in Lithuania

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 […]

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CORPORATE

Lithuanian exports contract 7.5%

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 […]

„Smells Like Spells“ candles
Economy

Lithuanian hand-made candles a hit in London and Los Angeles

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. […]

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CORPORATE

Lithuanian company to export organic hemp to Japan

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 […]