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A. Armonaitė: “Lithuanian businesses would like to work with the Polish defence sector”

Date

2022 09 20

Rating
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On Friday, the Minister of the Economy and Innovation Aušrinė Armonaitė and the Polish Minister of Economic Development and Technology Waldemar Buda met in Vilnius to discuss ways to deepen cooperation in the defence and energy sectors in order for the countries to effectively address the challenges posed by Russia's war in Ukraine together.

“Poland has always been and will continue to be an important trading partner for us.  Such meetings give an even greater impetus to mutually beneficial communication, especially in addressing the challenges facing our economies today," said the Minister of the Economy and Innovation A. Armonaitė.   

According to the Minister, Lithuania and Poland should cooperate closely in the EU's legislative work and work together to ensure that EU legislation contributes to reducing the EU's dependence on third countries and to making it more resilient.  

A. Armonaitė presented to her Polish colleague a tax deferral for Lithuanian companies that are energy-intensive and have more than 10% of their costs spent on energy, which is being developed together with the Ministry of Finance.   

The Minister emphasizes that the military cooperation between Lithuania and Poland has been strengthening. Lithuanian companies seek to understand the needs of the Polish defence sector even better, to identify opportunities for cooperation and to participate in joint EU-funded projects in the development of innovative defence technologies.  

Bilateral trade turnover between Lithuania and Poland reached EUR 7.3 billion last year, and direct Polish investments in Lithuania amounted to EUR 1.2 billion, making Poland the 7th largest investor in our country.   

In the first half of the year, Poland ranked 1st in terms of trade turnover in goods, 2nd in terms of exports and exports of goods of Lithuanian origin, and 1st in terms of imports.