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The Review of the Lithuanian Chemical Industry

     Lithuania now is a stable country with a growing economy. The EU’s membership encourages the country’s economic development. Proximity to the CIS countries makes for available sources of raw stock. The geographical position also enables the country to deliver chemicals to the markets of Eastern Europe and the Baltic States in the shortest possible time. A well-developed infrastructure including the sea port of Klaipeda and a favourable investment climate contribute to the improvement of the chemical industry’s competitiveness.
     Lithuania’s economy shows one of the fastest growth rates among European countries due to the increase of the domestic consumption, exports, and investments. In 2006, the country’s GDP rose by 7.5% to EUR 23.7bn. The GDP per capita in 2006 amounted to EUR 6,996 and the GDP in terms of purchasing-power parity – EUR 15,300. In Q2, 2007, the GDP displayed an 8% rise, to EUR 6.9bn as compared with the same period of 2006.
     The article examines thoroughly recent trends in the Lithuanian chemical market, describes key chemical producers, and gives an outlook for expansion possibilities.

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