Lithuania Contracts

Lithuania, the Baltic state that has conducted the most trade with Russia, has grown rapidly during the last decade. Foreign government and business support have helped in the transition from the old command economy to a market economy. It only has a modest deposit of natural gas and oil. Most of industries are focused on metal working, oil refining, shipbuilding, paper manufacture and machine construction. Chemical products, furniture and construction materials also play a vital role in its international business. Lithuania has benefited from its disciplined approach to market reform and its adherence to strict fiscal and monetary policies imposed by the IMF measures that have helped constrain the growth of the money supply and reduce inflation.