Exports

Lithuanian company Stumbras has started producing a high end version of the traditional Chinese drink, baijiu, which is massively popular in China.

While six large chocolate and chocolate sweet companies dominate the market for chocolate in Lithuania and create thousands of tons of treats every year, recently, smaller chocolate producers have been making headway in both Lithuanian and international markets by offering high-quality products.

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.

Lithuanian exports grew by 2.6% last year, excluding oil products, despite the Russian embargo on many Lithuanian goods, with exports to Russia falling by more than 50%.

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.

Lithuanian goods were only second to Belarus in terms of the number of seizures by the Russian Federal Customs Service under the Russian embargo of certain products and foodstuffs.

Belarus has lifted the ban on Lithuanian companies shipping fish products into the country, according to Lithuania’s chief veterinary officer.

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.

Poland is now as unpredictable as Russia, says Swedbank chief economist Nerijus Mačiulis, adding that recent developments in Poland, which has become the second-largest export market for Lithuanian goods, may have negative repercussions for Lithuania.

Lithuanian meat and milk processors and the Ministry of Economy have created a joint working group to prepare and implement a plan to expand Lithuanian food exports in emerging markets.

Lithuanian laser companies are exporting over 90% of their production overseas, with India and China developing as key export markets.

Lithuania is shortly to receive a response from Japan about whether the country will allow Lithuanian beef imports.

According to Gitanas Nausėda, the advisor of the president of SEB Bank, 2015 wasn't a very special year for Lithuania, though, considering Lithuania's GDP growth, it would be wrong to call it a stagnant year as well.

In the upcoming months, Lithuania's producers and exporters predict a decrease in Lithuanian industrial exports. According to a poll distributed to the heads of industrial companies by Statistics Lithuania, 14 percent of businesses predict a decrease while 17 percent predict an increase (a month ago...

Russia's federal veterinary and phytosanitary supervisory authority, the Rosselkhoznadzor, has banned the import of third country fish products via Lithuania.

Head of Lithuania's State Food and Veterinary Service (VMVT) Jonas Milius says that a ban on the transit of fish products, imposed by Russia on Lithuania, will not inflict significant damage because Lithuania's fish exports to Russia are relatively small.

In an interview with the Lithuania Tribune, Egidijus Meilūnas, Lithuania's Ambassador in Tokyo, says people in Japan are starting to discover the Baltic country for its culture, tourism and investment opportunities.

Walking through Tokyo Station on a weekday morning with tens of thousands of people leaves the impression of a well orchestrated ballet where the dancers manage to find their way through what looks like a labyrinth of train lines, subway, shopping areas and high speed train lines. Most of these peop...