Sanctioned luxury cars are being shipped from EU countries to Russia via Lithuania, LRT’s investigation revealed. The luxury cars are usually purchased in Denmark or Germany and then transported to Russia via Lithuania and Belarus. Russian car dealers are openly advertising the transit route via Lithuania and Belarus. In 2022, the EU banned the sale…
NATO allies have deployed additional capabilities to safeguard the NATO summit in Lithuania’s capital city of Vilnius on 11-12 July 2023, ERR reports. Germany has stationed 12 Patriot air defence batteries, Spain has sent NASAMS air defence systems, and France will deploy Caesar mobile artillery in Lithuania. Also, Denmark, Finland, and France will station fighter…
Estonia’s biggest beer producer, Saku Õlletehas (Saku Brewery), reported sales of EUR 72.3mn in 2022, which was down 11% from 2021, ERR reports. The company’s annual net profit amounted to EUR 6.6mn, which was down 18.5% from a year earlier. The company attributed the worse results to the cessation of exports to Russia and Belarus,…
Lithuanian beer producer Kalnapilio-Tauro Grupe (Kalnapilis-Tauras Group) suffered a loss of EUR 726,000 in 2022, primarily due to the war in Ukraine and other factors, Baltic News Network reports. In 2021, the group made a net profit of EUR 1.6mn. The group’s annual revenue totalled EUR 81mn in 2022, which was up 15% from EUR…
