Lithuanian businesses get warned over bankruptcies in Scandinavia

The number of bankruptcies in the Scandinavian markets important for Lithuania rose faster last year and a similar tendency is expected this year as well, the Verslo Zinios business daily writes.

Experts have warned Lithuanian businesses to stay cautious and diversify sales and insure exports contracts.

Figures from Creditreform International show the number of bankruptcies grew 13.2 percent in Sweden last year and rose 17.3 percent in Finland.

Experts from Creditreform Lietuva and SME Finance says the least risky expansion plans for Lithuanian businesses are in the Netherlands, Ireland, Germany, and Austria.