Taipei, Jan. 22 (CNA) A batch of 6,000 bottles of rum from Lithuania is expected to go on sale in Taiwan on Feb. 1, the first day of the Year of the Tiger on the Chinese calendar, state-run Taiwan Tobacco and Liquor Corp. (TTL) said Saturday.
HELPING OUT: Lithuanian rum might have been affected by China’s customs ban, so Taiwan’s state-run liquor firm has directed a batch of 6,000 bottles to the local market/ Reuters, VILNIUS
Lithuania is setting up a 130 million euro (US$147.52 million) loan fund for businesses affected by Chinese actions as the country faces economic pressure from Beijing after allowing Taiwan to open a de facto embassy in Vilnius.
Lithuanian businesses reported being unable to export goods to China after allowing Taiwan to open a representative office bearing the name “Taiwan” last year.
China has pressed companies to sever ties with Lithuania or face exclusion from its market, a move that has dragged companies into a political dispute and placed Beijing on a collision course with the EU.
European Commissioner for Competition Margrethe Vestager promised
Vilnius, Jan. 17 (CNA) Lithuania's oldest beer brewer is now exploring the emerging Taiwan market in the wake of a naming row over the newly-opened Taiwanese representative office in Vilnius that led to a ban on products from the Baltic state in China.
Lithuania’s oldest beer brewer is exploring the Taiwanese market in the wake of a naming row over a newly opened Taiwanese representative office in Vilnius that led to a ban on products from the Baltic state in China.
During an interview earlier this month, Volfas Engelman chief executive officer Marius Horbacauskas said that his company had entered the Taiwan market in the middle of 2020, and while sales were poor for the first year, with only 8,000 liters sold, there was a boom last year, with beer exports to Taiwan increasing 23-fold.
Horbacauskas said he is thrilled that Taiwanese like his company’s