Glassbel Baltic, a manufacturer of architectural glass operating in the Klaipėda Free Economic Zone (FEZ), fell into disrepair last year after a sharp drop in revenue. This year, due to the war in Iran, exports to Saudi Arabia and the United Arab Emirates had to be shifted to the Baltic countries, where profitability is lower.
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Glassbel Baltic, a manufacturer of architectural glass operating in the Klaipėda Free Economic Zone (FEZ), fell into disrepair last year after a sharp drop in revenue. This year, due to the war in Iran, exports to Saudi Arabia and the United Arab Emirates had to be shifted to the Baltic countries, where profitability is lower.