Viciunu Grupe (Viciunai Group), a business group controlled by Visvaldas Matijosaitis, mayor of Lithuania's second-largest city of Kaunas, has established a sales company, Vichiunai Sakartvelo, in the Georgian capital.
© DELFI / Kiril Čachovskij

The group hopes the new company will step up the expansion of its stock and will allow doubling sales, the group said.

"It's already the 20th country we have established a sales company in. The strategy to be an internal layers serves its purpose both in the east and in the west, and it allows to establish closer ties with trade partners, to adapt to the pace of a specific market and effectively introduce products meeting the needs of local consumers," Sarunas Matijosaitis, head of Viciunu Grupe, said in a statement.

In his words, the company now has a large share of the surimi market but a small share of other frozen and chilled fish products. And the Tbilisi company should consolidate the positions of the latter products.

The Lithuanian company exports to Georgia since 2007. Vichiunai Sakartvelo is the group's 21st own sales company abroad. It also has sales companies in Belarus, Russia, Ukraine, Kazakhstan and Kyrgyzstan.

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

Kupsys: PNB Banka's collapse bad for Baltic banks' reputation

The collapse of another Latvian bank, PNB Banka , has a negative impact on the whole Baltic banking...

Franch investor buys Danpower Baltic

French renewable energy group Idex , part of Antin , one of the largest investment companies in...

Zalatorius on PNB Banka closure: Latvia continues its bank cleanup

Latvia continues to clean up its banking sector, the head of the Lithuanian Banks' Association (LBA)...

German economic stagnation holds both opportunities and risks for Lithuania

With the German economy having shrunk by 0.1 percent in the second quarter and facing a real threat...

The future city idea – where everything can be reached in under 20 minutes

Over the last few decades, the urban model of the West, where residential, work, commercial and...