The number of bankruptcies in the Scandinavian markets important for Lithuania rose faster last year and a similar tendency is expected this year as well, the Verslo Zinios business daily writes.
© DELFI / Mindaugas Ažušilis

Experts have warned Lithuanian businesses to stay cautious and diversify sales and insure exports contracts.

Figures from Creditreform International show the number of bankruptcies grew 13.2 percent in Sweden last year and rose 17.3 percent in Finland.

Experts from Creditreform Lietuva and SME Finance says the least risky expansion plans for Lithuanian businesses are in the Netherlands, Ireland, Germany, and Austria.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.

Baltic Prime ministers agree on need to speed up Rail Baltica project

The three Baltic prime ministers agreed in Riga on Wednesday on the need to accelerate the...

New flight from Vilnius to London Southend introduced

Ryanair announced a new Vilnius route to London Southend , with a three times weekly service...

Parliament overturn presidential veto on forest land purchase cap

The Lithuanian parliament on Thursday did not back Gitanas Nauseda's proposal to discard a bill...

Post-independence leader asks Amazon to stop sale of Soviet-themed goods

Lithuania's first post-independence leader Vytautas Landsbergis on Thursday called on the US...

Vilnius court to rule on Russian oil contamination suspect's appeal against arrest

The Vilnius Regional Court is expected to rule on Thursday on an appeal by Roman Ruzhechko , a...