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Economy - overview:
Lithuania, the Baltic state that has conducted the most trade with Russia, has slowly rebounded from the 1998 Russian financial crisis. Unemployment dropped from 11% in 2003 to 5.3% in 2005. Growing domestic consumption and increased investment have furthered recovery. Trade has been increasingly oriented toward the West. Lithuania has gained membership in the World Trade Organization and joined the EU in May 2004. Privatization of the large, state-owned utilities, particularly in the energy sector, is nearing completion. Overall, more than 80% of enterprises have been privatized. Foreign government and business support have helped in the transition from the old command economy to a market economy. |
Trade Fairs,
Exhibitions, Conferences: |
LITEXPO
Lithuanian Exhibition Center LITEXPO is a private company established by the Ministry of Economy of the Republic of Lithuania.
Each year LITEXPO organizes more than 20 international exhibitions, several exhibitions for foreign participants and expositions of Lithuanian companies at exhibitions abroad, more than 400 conferences, seminars and other events.
4,000 or even more companies from many countries all over the world participate at LITEXPO’s exhibitions annually; over 600,000 visitors visit exhibitions and events. |
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