export markets

A Lithuanian furniture maker has been forced to freeze plans of investment after the United Kingdom, its biggest export market, voted to leave the European Union. To read this article, try a €5.99 monthly subscription by clicking here.

China has been identified as a tempting new market for Lithuanian exporters, but few producers, outside the food industry, are making any forays into the world's most populous market. To read this article, try a €5.99 monthly subscription by clicking here.

The European Commission's efforts to talk with Russia about opening up its markets for European pork did not meet with much success, according to EU commissioner for agriculture Phil Hogan.

Lithuania has sent its first shipment of meat products to the United States, Prime Minister Algirdas Butkevičius said on Tuesday.

Lithuania has received certificates from China, allowing the country's dairy producers to export their products to Asia's biggest market.

It will take three to four years for Lithuania's economy to reach where Estonia is today, says Rokas Grajauskas, economist for Danske Bank.

Lithuania‘s status as a key transit country for re-exporting goods from West to East has started to wane significantly, with re-exports down by 10% in 2015 alone.

Lithuania may soon be able to export its dairy products to China as the country is due to receive certificates that allows entry of its dairy products into Chinese markets.

The record-high exchange rate of the euro against the dollar is bad news for Lithuanian exporters, although some say it helped them cut transportation costs to China.

Lithuania is the fourth biggest direct exporter to the Belarusian market and the leader among EU countries, according to the latest figures.

After Lithuanian economist Nerijus Mačiulis said recently that the new government in Poland made the country as unpredictable a business partner as Russia, Lithuanian businesspeople counter him by insisting they do not see any threats in doing business with the neighbouring country.

Lithuanian Railways has begun regular shipments between Lithuania and Italy that will open export routes for Lithuanian goods.

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.

“The beginning of 2016 was one of the worst years in history for raw material and stock prices,” said Swedbank Chief Economist Nerijus Mačiulis. On Tuesday, he presented his projections for economic growth in Lithuania, and the prospects for exports and the international economy.