|
 |
The Baltic's
Since partnering with Abipa Logistics 4 years ago, AIT has been very successful in providing customers innovative and specialized transportation solutions within the Baltic States of Estonia, Latvia and Lithuania.
Abipa provides their partners top-level services of cargo transportation within and between all three countries in the Baltic marketplace.
Weather it be import or export services, express services, door-to-door logistics solutions, customs clearance or charters, we are confident that AIT and Abipa can provide the seamless services you require.
Involving careful planning, constant tracking of cargo movement, temperature regulation measures, packaging requirements and several other factors, transporting dangerous or hazardous cargo is granted to Abdipa by special IATA certificates.
In order to provide even more flexible services in the region, Abipa signed a cooperation agreement with one of the biggest insurance companies in Lithuania, optimizing the cost of transportation by offering AIT's customers insurance.
Baltic Region Background
 |
Lithuania
Lithuania is situated on the eastern shore of the Baltic Sea and borders Latvia on the north, Belarus on the east and south, and Poland and the Kaliningrad region of Russia on the southwest. It is a country of gently rolling hills, many forests, rivers and streams, and lakes. Its principal natural resource is agricultural land.
Lithuania's independence has been recognized by major European nations, the Soviet Union and the United States by UN admittance Sept. 17, 1991.
Successful implementation of structural and legislative reforms in Lithuania attracted greater direct foreign investments by the mid-1990s.
In late 2002, Lithuania was accepted for membership in the EU and NATO and ultimately joined both institutions in 2004.
|
| Economic summary: |
- GDP/PPP: $59.64 billion
- Real growth rate: 8.8%
- Inflation: 5.8%
|
| Agriculture: |
Grain, potatoes, sugar beets, flax, vegetables; beef, milk, eggs; fish |
| Industries: |
Metal-cutting machine tools, electric motors, television sets, refrigerators and freezers, petroleum refining, shipbuilding (small ships), furniture making, textiles, food processing, fertilizers, agricultural machinery, optical equipment, electronic components, computers, amber jewelry - industry 30%, agriculture 20%, services 50% |
| Natural resources: |
Peat, arable land, amber |
| Exports: |
mineral products 23%, textiles and clothing 16%, machinery and equipment 11%, chemicals 6%, wood and wood products 5%, foodstuffs 5% |
| Imports: |
mineral products, machinery and equipment, transport equipment, chemicals, textiles and clothing, metals |
| Major trading partners: |
Germany, Latvia, Russia, France, UK, Sweden, Estonia, Poland, Netherlands, Denmark, U.S., Switzerland (2004) |
|
 |
Estonia
Estonia is mainly a lowland country that is bordered by the Baltic Sea, Latvia, and Russia. It has numerous lakes and forests and many rivers, most draining northward into the Gulf of Finland or eastward into Lake Peipus, its largest lake.
Estonia declared independence from the Soviet Union in March 1990 but finally after recognition by European and other countries, the Soviet Union officially acknowledged Estonian nationhood on Sept. 6, 1991 and UN membership followed shortly on Sept. 17, 1991.
The newly independent nation embraced free-market reforms. Fueled by foreign investments, economic advances continued. In 2004, Estonia became a member of the European Union as well as of NATO.
|
| Economic summary: |
- GDP/PPP: $29.35 billion
- Real growth rate: 7.1%
- Inflation: 6.6%
|
| Agriculture: |
Potatoes, vegetables; livestock and dairy products; fish |
| Industries: |
Engineering, electronics, wood and wood products, textile; information technology, telecommunications -industry 20%, agriculture 11%, services 69% |
| Natural resources: |
Oil shale, peat, phosphorite, clay, limestone, sand, dolomite, arable land, sea mud |
| Exports: |
$11.31 billion: machinery and equipment 33%, wood and paper 15%, textiles 14%, food products 8%, furniture 7%, metals, chemical products |
| Imports: |
$14.71 billion: machinery and equipment 33.5%, chemical products 11.6%, textiles 10.3%, foodstuffs 9.4%, transportation equipment 8.9% |
| Major trading partners: |
Finland, Sweden, Germany, Latvia, Russia, Lithuania, U.S., Gibraltar |
|
 |
Latvia
Latvia borders Estonia on the north, Lithuania in the south, the Baltic Sea with the Gulf of Riga in the west, Russia in the east, and Belarus in the southeast. Latvia is largely fertile lowland with numerous lakes and hills to the east.
Latvia was one of the most economically well-off and industrialized parts of the Soviet Union. When a coup against Soviet president Mikhail Gorbachev failed in 1991, the Baltic nation saw an opportunity and following the actions of Lithuania and Estonia, Latvia declared its independence on Aug. 21, 1991. European nations and most other nations quickly recognized their independence, and on Sept. 2, 1991, President Bush announced full diplomatic recognition for Latvia, Estonia, and Lithuania. The Soviet Union recognized Latvia's independence on Sept. 6, and UN membership followed on Sept. 17, 1991.
The nation of Latvia became a member of both the EU and NATO in 2004.
|
| Economic summary: |
- GDP/PPP: $39.7 billion
- Real growth rate: 10.2%
- Inflation: 10.1%
|
| Agriculture: |
Grain, sugar beets, potatoes, vegetables; beef, pork, milk, eggs; fish - agriculture 15%, industry 25%, services 60% |
| Industries: |
Buses, vans, street and railroad cars; synthetic fibers, agricultural machinery, fertilizers, washing machines, radios, electronics, pharmaceuticals, processed foods, textiles; Note: dependent on imports for energy and raw materials |
| Natural resources: |
Peat, limestone, dolomite, amber, hydropower, wood, arable land |
| Exports: |
$5.75 billion: wood and wood products, machinery and equipment, metals, textiles, foodstuffs |
| Imports: |
$8.559 billion: machinery and equipment, chemicals, fuels, vehicles |
| Major trading partners: |
UK, Germany, Sweden, Lithuania, Estonia, Russia, Denmark, Finland, Poland, Belarus |
|
If you have any questions or comments regarding the Partner News eNewsletter,
please contact Larry Georgen, Manager Global Network. |
|
Back to top