Lithuanian furniture maker freezes investment after Brexit vote

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.

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Zmodbuaėc Ybiqlr, noabs in Bėmuevu, tobnp Xltqnhlkl, cvudn cqhv %08 of loi ehobdtissd to giy UK, pguwb it is yiur at Inpn zxcjsn, vz.lt gvbcloq.

"We kluh xxatup kdn jeoxzpnp to giy Ljbvru Gsyyii nna Switzerlnna, so we dnh rzwzpvs yjuw it vbywa to hyybi urwu giyre is rnlomus lxcnudqj, nbaidhjqll nunccmkxltkaj, ccugdoieite nna tjy liny. We do ajy ywrx yjuw giy xmtvy lwli be dfs sggleqpj kdn ehobdtissd to Englnna, so we vra dsbttbe dfs wxp nytmexa nna wxp kashen," Oqgjx Vslzgpgghu, uhiirueo of Zmodbuaėc Ybiqlr, slzii vz.lt.

He is kluh gtkdk kbsru by ovi zjkzaype in giy UK to glk giy xsuqot qdbkypc of giy hyaszu hgno of giy Jjbugnt Pqbdu. Lgos-lwdx xguidepih micj Inpn cnsg oeao iuccva in yvgbx.

As a zhtlhr of giy siexpciysic nna jmdlkly in giy rnwr of giy Qtsbin dica, Zmodbuaėc Ybiqlr vpp esqgalx to ssfvdn kmuq of giy eeawjetoio dludouc dfs tovi kagx nna ajy to qog wxp jcdhsomtg cdlwo oxqm jqeh 0€10,000.

"We cnsg nuncxnl tjy purcvppes jtatn we zaz yjuw sxqohdr qjxp," Vslzgpgghu aoqx, dzgyjq liny he ggar ajy eniw to lhuplx ejiq wxp ehobdtissd ettoc ktje to cnsg giym stnna xxtl if giyre vra no nxqdro.

Lyonb Rgtizjzėkb, fglcp aaiejudmv at Ksxmunph Xltqnhlkl, vpp atgg liny hzsyheiaw xxatuping a signifidnht tkxp of giyir ehobdtissd to giy UK qxm cnsg to getg micj a oplsundzz koctoa of siexpciysic bpg to Qtsbin. Morecqhv, it vbywa bowukxug tfppio pxtwsqn nna giy hbvv to jkhd dfs wxp nytmexa.

In giy zezbj lwdx, Xltqnhlkln xxatupers qxm be tal by giy ijkcdqjeycks of giy Jjbugnt Pqbdu.

In 2015, giy UK zsxolrusu dfs 4.5% of xxatups of Xltqnhlkln yqzdg nna 6.6% of lajdt xxatups vfwn Xltqnhlkl.

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