Donald Trump’s threats to impose tariffs of up to 30 per cent on European goods are a serious step towards a possible trade war between the United States (US) and the European Union (EU), Kamilė […]
Lithuania‘s exports grew by an annual rate of 1% to €5.2 billion in the first quarter of 2016. Lithuania was the only Baltic country to post an increase in exports in the first quarter of […]
One of Europe’s most successful economic powerhouses, Flanders, opened a representative office in Vilnius. It was a festive celebration and brought one hundred guests to the new location of Flanders Investment & Trade (FIT) office on Gedimino Prospektas in the heart of the Lithuanian capital. […]
Flanders’ Minister-President Geert Bourgeois opened a new office of Flanders Investment & Trade (FIT) in Vilnius on Tuesday. […]
The largest Israeli food industry delegation to date is currently on a visit to Lithuania with 50 Lithuanian companies set to meet with representatives of 13 Israeli companies. Israel is particularly interested in organic, vegetarian, […]
The Lithuanian Central Bank is putting new rules in place to promote a new internet payment service that will create alternative payment platform for customers who buy goods in online Lithuanian stores. […]
Although the Trade in Services Agreement (TISA) is less debated in Lithuania than in many larger member states of the European Union, recent charges by a large investor, Veolia, against Lithuania illustrate the fears that many, especially European green movements, have had about the agreement all along. […]
After riding themselves of dependence on unpredictable markets in Russia Lithuanian exporters are facing another potential crisis in Poland, according to Swedbank economist Nerijus Mačiulis. […]
Only about a third of the country’s entrepreneurs take active steps to achieve tangible results in looking for new business development opportunities, according to a new survey. […]
Statistics Lithuania reports that, based on non-final data obtained from customs declarations, Intrastat reporting and VAT returns data, exports in May 2015 amounted to EUR 2 billion, imports – EUR 2.2 billion. […]
With the creepy chill in the Lithuanian-Russian relations, the aftermath of the geopolitical square-off between Moscow and Western powers, the trade, amazingly, has taken the beating until this year quite well. “Quite paradoxically, the scope of Russia-bound Lithuanian export rose throughout 2014, while Russia was already gripped by Western economic sanctions,” Remigijus Motuzas, Lithuania’s ambassador to Russia, tells the Lithuania Tribune. This year, bilateral trade has started taking a hit, however. The Lithuanian Embassy in Moscow nevertheless keeps bustling as visitors are unfazed by the roughed up relations. […]
After evaluating Lithuania’s economic situation and the impact of external factors on its economic growth tendencies, the Ministry of Finance has revised main macroeconomic projections for 2015-2017 and prepared projections for 2018. […]
Continuing geopolitical tensions in Eastern Europe will continue to affect Lithuania’s economy in 2015, says Nerijus Mačiulis, chief economist at Swedbank. […]
The European Union (EU) will be unified in talks with Russia over possible lifting of sanctions for certain food products, Phil Hogan, EU Commissioner for Agriculture and Rural Development, said after a Farm Council meeting on Monday. […]
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