Lithuania: industry revolution in 2007-2013

Publication

7 April 2006 à 08h09

Updated on 24 March 2013 à 15h24

Reading time

2 minutes

Publication: 7 April 2006 à 08h09, Updated on 24 March 2013 à 15h24

Reading time: 2 minutes

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Lithuanian Minister of Economy, Mr. Kestutis Dauksys, prognosticates revolution in national industry's structure in year 2007-2013, supported by EU Structural and Cohesion funds financial recourse assigned for the state. (Ref. 06337)
Publication

7 April 2006 à 08h09

Updated on 24 March 2013 à 15h24

Reading time

2 minutes

Publication: 7 April 2006 à 08h09, Updated on 24 March 2013 à 15h24

Reading time: 2 minutes

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The new vision is that, in the forthcoming seven years, a share of traditional or so-called “low technology” industries such as textile, timber manufacturing, furniture or food industry should signally decline, while high and medium technology companies, which now only share 16 % in whole industry structure, have to take over the leading place. Traditional industries are encouraged to be modernized and produce more specified products and brands, in order to increase surplus value.

According...

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