We know everything about bankruptcy
16/05/2024
Thursday
16 May 
1970 The Russian poet Joseph Brodsky was ordered to leave the USSR.
1970 The Russian poet Joseph Brodsky was ordered to leave the USSR.
1970 The decision was made to begin the “cultural revolution” in China.
1970 The decision was made to begin the “cultural revolution” in China.
1970 The first film awards, which were later called the Oscars, were issued in Hollywood.
1970 The first film awards, which were later called the Oscars, were issued in Hollywood.
KALININGRAD TRANSIT RISKS TO BANKRUPT 7% OF LITHUANIAN CARRIERS
According to the forecasts of the association, first of all, this may affect small and medium-sized businesses that do not have time to change the vector of work from the eastern direction to the western. Many simply do not have the necessary resource base for this.
According to statistics, by April 2022, more than 4.16 thousand similar companies were operating in Lithuania. In the current conditions, many of them will not be able to change their orientation and find new customers in the EU countries.
This means that from 208 to 292 road carriers will be forced to leave the market or declare default.
The association "Linava" believes that the current situation will practically not affect large logistics structures. Many of them continue to successfully win tenders and work with large-scale transportation. In addition, a number of companies provide additional functions of goods delivery, warehousing and parking. For potential customers, such a package offer of services may be more interesting.
Lithuanian businesses have been trying to gain a foothold in the EU market more actively since January. However, compliance with all the restrictions established by the EU authorities, including sanctions against the Russian Federation, is an expensive matter that requires additional funding. Linava has already drawn up appeals to the Lithuanian government with a request to help transport companies in changing their orientation to the West.
Recall that the Baltic Republic imposed restrictions on the transportation of ferrous metals and steel to Kaliningrad on June 17. Starting from July 10, the restrictions also affected glass, paper, wood products and other Russian-made goods. In response, the Kremlin introduced counter-sanctions, claiming that Lithuania violated established international agreements.
