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G. Ilekytė. The New Driving Force of the Lithuanian Economy – Export of Services?

Summary by vz.lt
Since the beginning of this century, one of the most important driving forces of the Lithuanian economy has been industry and the export of goods. We have consistently increased our export volumes and our market share in foreign markets. However, rising costs, energy crises, trade wars, increasing competition from China and slow productivity growth are increasingly putting a damper on the wheels of industry.
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Since the beginning of this century, one of the most important driving forces of the Lithuanian economy has been industry and the export of goods. We have consistently increased our export volumes and our market share in foreign markets. However, rising costs, energy crises, trade wars, increasing competition from China and slow productivity growth are increasingly putting a damper on the wheels of industry.

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vz.lt broke the news on Tuesday, June 9, 2026.
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