Lithuanian chemical industry remains profitable

  • 2009-09-10
  • By Rokas M. Tracevskis
VILNIUS - There is some great chemistry between the Lithuanian state budget and the local chemical industry. The chemical industry means 16.5 percent of the country's GDP. Lithuania has the only oil refinery in the Baltics and the biggest fertilizers' producing company in the Baltics. All major actors in the Lithuanian chemical industry claim that this year so far has been profitable, though their profit is much smaller in comparison with last year.The Lithuanian chemical industry heavily depends on its export markets, which were shrinking because of the world economic crisis. The Lithu...
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