Exports

The Sultanate of Oman and a Vilnius-based food company Straikas have signed an agreement on exporting the Magnum brand fruit and vegetable juices to Oman, Times of Oman said.

Prime Minister Algirdas Butkevičius says the Government is closely observing worsening economic situation in Russia and its possible effects on Lithuania. He added that winter will not be favourable to Lithuanian carriers.

Julius Misiūnas, deputy president of the Lithuanian National Road Carriers' Association Linava, says that Russia is applying stricter inspection rules to Lithuanian trucks at the border because Russia had refused to participate in the TIR system activities and so no longer has means to ensure transp...

Lithuania's gross domestic product could fall by four percent if all exports to Russia came to a halt and some of logistic companies went bankrupt, Prime Minister Algirdas Butkevičius said on Thursday, adding that the likelihood of the worst-case scenario is low.

Lithuanian Minister of Foreign Affairs Linas Linkevičius on Tuesday met with Azerbaijan's President Ilham Aliyev and his Azeri counterpart Elmar Mamedyarov and expressed hope that Lithuanian meat products would soon be sold in Azeri supermarkets.

Reports in the Russian media that Moscow is deliberating to lift imports embargo on certain EU-made foodstuffs got Lithuanian producers on ears - could this be a sign of coming change?

Lithuania might soon be allowed to export meat products to the United States of America, the Baltic country's Prime Minister Algirdas Butkevičius has been informed.

Japan is interested in Lithuanian beef products and is waiting for them in the country's stores, said Japanese Ambassador to Lithuania Kazuko Shiraishi during her meeting with Lithuanian Minister of Agriculture Virginija Baltraitienė.

Robertas Dargis, head of the Lithuanian Confederation of Industrialists (LPK), is convinced that cooperation among producers is one of the keys to open vast foreign markets to Lithuanian goods.

Advisor to the SEB Bank president, financial analyst Gitanas Nausėda says that the impact of Russia's food product embargo on the Lithuanian economy has been greatly overstated.

The Lithuanian parliament has legalized the ritual slaughter of livestock in a move that is expected to help farmers hit by Russia's food import ban to sell their production to Muslim markets.

Analysts at SEB Bankas estimate that Lithuania's maximum economic losses in case of Russia's complete import ban could reach up to 5 percent of the gross domestic product, noting that such losses would be quite painful.

Record-breaking Post-Panamax category containership Piera left Klaipėda Seaport on Wednesday and is heading to Iran. It was loaded with the record amount of Lithuanian export grain - the biggest in the history of Klaipėda Seaport.

Lithuanian government representatives and the Industrialists Confederation are setting up an expert group which will be tasked with search for new exports markets.

The authorities of Hong Kong Special Administrative Region of the People's Republic of China have officially approved the certificate of importing Lithuanian dairy products, Lithuania's State Food and Veterinary Service (VMVT) said.

Statistics Lithuania reports that, based on non-final data from customs declarations, Intrastat reporting and VAT returns data, exports in July amounted to LTL 7.4 billion (EUR 2.14 billion), while imports to LTL 8.1 billion (EUR 2.34 billion).

Prime Minister Algirdas Butkevičius says that active search for new export markets for agricultural and food products continues.

Statistics Lithuania informs that, based on more comprehensive business, tax and price statistics, in the second quarter of 2014, GDP at current prices amounted to LTL 31.32 billion (EUR 9.07 billion).

When Russia imposed import bans in the past, traders successfully diversified their sales, shows the analysis carried out by the State Tax Inspectorate (VMI).

Amid Russia's boycott of Lithuanian food products, Serbia and Lebanon have opened up their markets, the Lithuanian Agriculture Ministry said on Monday.