"The chain is simple. If the US consumer consumes, the Chinese produce. If the Chinese produce, the Germans export technology. If the Germans export technology, we are lucky too."
We sell in Germany at German prices, we pay low Lithuanian salaries though . Therefore, one rule applies to Lithuanian entrepreneurs: live and laugh. No need for any robots, no need to use your head. The head is not needed at all, a thick ass is enough.
"That chain is good and global industrial confidence indices are high enough for both the US and China and Germany. This gives us hope that we will be able to maintain our exports.
We often see that Lithuania has a lot of problems because hotels or something else is closed. However, two-thirds of our economy is made up of exports, and the export chain we have been talking about is strong enough.
At present, we have twice as much unemployment in Lithuania as in the euro area, which is a problem. Despite all the optimistic knowledge, we have a spoonful of tar in our barrel.
It is important not to cut 20 percent - the boundary, which in theory is termed the boundary from which local unrest begins. We’re far enough away from it yet, but we wouldn’t want to cross it.”
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