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We are constantly on the lookout for innovations that would satisfy the changing wishes of the clients and needs of the consumers. Thus, the product assortment is renewed steadily and the production is modernized. Also, we have presented the local and the export market with a record number of new products in the year One of the core reasons why we had managed to realize this was the huge investments into the production innovations.
We acquired about 80 new sets of equipment in The company endeavor to introduce innovations was appreciated in a republic scale. Its assortment totals around products. Our priorities are the highest and stable quality of the products, food safety and high hygiene culture. The Pastry Marzipan Swirl is our newest pride and it has won the gold medal in the national contest The Lithuanian Product of the Year From the point of formula, production process, taste and shape The Pastry Marzipan Swirl has no substitute in local market and that is why it is the innovative product in Lithuania.
Company produces PET polymers Polyethylene Terephthalate which are used in a wide range of industries including beverages, food, pharmaceuticals, personal and home care.
The plant started commercial production in with an annual capacity of , tons, making. Employed contemporary Swiss technologies enable to reduce the environmental impact below the permissible parameters. Which direction follows Lithuanian Government speaking about these two countries economic relations, we are talking with Lithuanian Prime Minister Mr. It is worth noting the growth of interest of Lithuanian business in the Belarusian market, increase of Lithuanian investment in Belarus; on the other hand, Belarusians are also making investments into Lithuania.
In , according to the official data, Lithuanian investment in Belarus nearly doubled and totalled LTL million. Growing economic cooperation is further reflected by the fact that Belarus trades surplus electricity via the power exchange or transfers electricity it had acquired from other countries by way of transit.
How does it apply towards Belarus? We are mostly interested in the economic cooperation policy. Lithuania has an ages-long common history, cultural, economic relations as well as a sense of kinship with Belarus, and the outer EU border running across our countries cannot sever our existing connections and links.
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Unfortunately, this border so far is not only a dividing line between different political and economic unions but also between opposing views on democracy, fundamental human rights and freedoms. There are, however, signs of certain progress in this area. With the aim of fostering a safe, As you are aware, the Eastern Partnership focusses on four key lines: democracy, good governance and stability, economic integration and incorporation into EU policy, energy security and human relations.
I hope the Belarusian authorities will do their homework with full awareness of reciprocal commitment by securing human rights, freedom of the press, political freedoms and liberties as well as other democratic values for the people of Belarus.
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Also, the Eastern Partnership opens better opportunities for our businesses to capitalize on our accumulated knowledge of the region and EU markets and to spot new. Nevertheless, we have to mention a couple of cases when the Lithuanian business and its capital investment in Belarus have been put at risk: for example, the arrest of businessman A. We seek to pursue the Neighbourhood Policy by facilitating freer cross-border movement for the people of Belarus as well.
We have finalised and coordinated with Lithuanian and EU institutions the agreement regarding the travelling of border residents of Lithuania and Belarus; it would allow for border residents to cross. The agreement can be signed once the neighbouring country has completed its internal harmonisation procedures. BiL For centuries, Lithuania and Belarus have been in close contact with each other; their rich historic heritage rests on common European traditions, similarities of experience and cultural values. What instruments could Lithuanian politicians, diplomats and businesspeople use to resuscitate and strengthen positive historical traditions and economic ties e.
Recent years have seen intensification of economic cooperation between Lithuania and Belarus. One should mention the annual Lithuanian-Belarus economic forums alternately held both in Lithuania and Belarus where the bilateral intergovernmental commission on commercial and economic cooperation during its sittings addresses topical issues of particular economic sectors and international cooperation and seeks solutions to emerging challenges for business entities as well as ways to reinforce economic ties. Also, round table discussions with Lithuanian and Belarusian business or Lithuanian business trips to Belarus are regularly held.
The Lithuanian-Belarusian economic investment forum took place in Lithuania at the end of February This joint business and institutional initiative will help keep abreast of Lithuanian business tendencies, clarify existing obstacles to business and ways to eliminate them, discuss topical issues and challenges that businesses face while operating in the Belarusian market. The above projects — how significant are they for our economies? What other plans are expected to be developed in this area? It goes without saying that we are interested in the further growth of cargo shipments and put much effort in this direction.
Currently, Lithuania is taking every use of its geographical and geopolitical advantages by participating in the EU transport development initiatives and working out joint projects with Eastern neighbours. The project parties have set an ambitious goal: to establish an innovative technology-based transport network in the southern part of the Baltic Sea which would be competitive and effective in managing international trade flows between Europe and Asia. To this end, Lithuanian, Belarusian and Chinese transport ministers signed the joint declaration on cooperation in the development of the initiative of the East-West transport corridor after the tripartite meeting in October , held in Vilnius for the first time.
I have no doubts that the above initiatives will pave the way for closer cooperation between Lithuanian and Belarusian transport sectors and exert a positive influence on our national economy. I always discuss these topics in the meetings with my colleague, Belarusian Prime Minister Sergei Sidorsky; on various occasions, we had 4 or 5 meetings at least last year.
Referring to the joint projects that have already been completed, I would like to mention the combined transport train VIKING, which was recognized as one of the best innovative intermodal freight transport solutions and awarded with a special prise. BiL Belarus is attractive in terms of its geographical location, well-developed infrastructure, skilled workforce and size of its. How can Lithuania help its entrepreneurs to do business in Belarus?
According to estimates, around Lithuanian capital companies are already operating here and around investors have expressed their intentions to set up branches in this neighbouring country. On the other hand, does Lithuania tolerate the entry of Belarusian capital to our country? The various forms of bilateral cooperation with Belarusian partners and the above mentioned joint initiatives of Lithuanian public authorities and private businesses are complemented by a whole range of measures provided for by the Government to promote export, investment and innovation.
Support measures are not limited to financial assistance, but also cover training and consulting available to businesspeople who wish to pursue business activities in Belarus.
REGIONAL FORMATION AND DEVELOPMENT STUDIES
Lithuanian companies operating in Belarus enjoy great competitive advantages over their western competitors thanks to the favourable geographical position and knowledge of the language as well as of the specific business environment. Lithuania welcomes Belarusian as well as any other transparent foreign capital to our country.
The Government of Lithuania is determined to provide necessary support to foreign investors, regardless of the sector of the Lithuanian economy in which the investment is made.
All foreign investors are treated equally, with certain restrictions applicable only in cases of the possible market monopoly. BiL What is your view on the intentions of Lithuanian entrepreneurs to take part in the privatization of State-owned objects in Belarus? The desire of Lithuanian entrepreneurs to take part in the privatization of Belarusian companies demonstrates that Lithuanian business has grown stronger, is looking for new markets and product niches and is seeking to do business on an international scale and to compete with investors from other countries. The Lithuanian Government welcomes and fully supports such initiatives.
Trade cooperation between Republic of Lithuania and Republic of Belarus is regulated by the legal norms for regulating trade relations of European Union with third countries.
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In course of implementing the Article 13 of the Agreement on Trade and Economic Cooperation, the Bilateral Lithuania-Belarus Commission for implementing the objects of the Agreement and developing recommendations for improving the trade and economic cooperation was formed. Decisions of the Commissions are of recommendatory character.
In their trade and economic cooperation, the said states also follow: — the Agreement between the Government of Republic of Lithuania and the Cabinet of Ministers of Republic of Belarus on Trade and Economic Cooperation having come into force on 23 February ; — the Agreement between the Government of Republic of Lithuania and the Government of Republic of Belarus on Avoiding Double Taxation and Fiscal Violations having come into force on 26 June ; — the Agreement between the Government of Republic of Lithuania and the Government of Republic of Belarus on Stimulation and Protection of Investments having come into force on 16 May On 11 June , the fourteenth sitting of the Commission was arranged in Vilnius.
On September , the Fifth Forum on Economy of Lithuania and Belarus was arranged in Vilnius; the principal issues discussed upon by the Forum included trade and economic cooperation in the sectors of transport and logistics, projects on development ecology, production of biofuel and information technologies, investment-based cooperation in trade, public catering, hotel sector and roadside service.
On 4 February , the Belarus-Lithuania seminar on investments was arranged. The idea of the seminar was presentation of the business environment and investment climate of Belarus as well as a discussion of a possible impact of formation of Belarus,. Striving for more active cooperation of economic subjects, on 26 May , a constituent sitting of the Association of Economic Cooperation between Lithuania and Belarus was arranged in Vilnius.
On 03 February, the first sitting of the Council where business structures of both states planned the milestones in interaction of business with national authorities was arranged.
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Belarus in the list of trade partners of Lithuania in the year the percentage of the total trade turnover of Lithuania Export Place. Lithuanian foreign trade balance with Belarus was positive and amounted to LTL 1. The leading objects of export to Belarus in the year — vehicles used cars and cargo-carrying vehicles, tractors, prime movers - the total value LTL The leading objects of import from Belarus in the year — mineral products petroleum oil, crude oil, oil bitumen, portland cement, burnt lime - the total value LTL Direct foreign investments 01 October Direct investments of Belarus in Lithuania 78 investors.
Belarus was the th in the list of direct investors in respect of the amount of investments. Belarus was the th in the list of direct foreign investments of Lithuania.