The Lithuanian government declared a nationwide state of emergency on July 4 because of drought that is expected to hit this year’s crops severely.
Vilnius will seek to ensure Lithuanian farmers will not face sanctions from the European Commission over failing to meet production obligations linked to EU’s agricultural subsidies.
The Lithuanian ministry of agriculture estimates that between 15% to even as much as 50% of crops could be lost to drought, depending on a region.
The current drought continues a series of weather-induced problems for the Lithuanian agriculture. The Baltic state’s agricultural sector suffered from excessive rain that damaged crops ahead of harvest last year.
Extreme weather is expected to affect the EU agriculture in the 2018/2019 season, according to the Commission’s “Short-term outlook for EU agricultural markets,” released on July 5.
A rain deficit is expected to occur across the Baltic states, northern parts of Poland, Germany, Denmark and the southern regions of the Scandinavian Peninsula. Those regions will also suffer from heat waves, the report said. Excessive rain is in turn forecast to affect much of Spain, France, and Italy.
Related Articles
Estonian banks see €368mn profit in Q1 2025
Commercial banks in Estonia earned a combined profit of €368mn in the first quarter of 2025, down from €444mn a year earlier but up from €291mn in the previous quarter, according to Eesti Pank, ... more
Poland’s Orlen signs deal to supply Ukraine with LNG
Ukraine’s Naftogaz will purchase 100mn cubic metres of LNG from Poland’s Orlen, Ukraine’s biggest state-owned energy firm announced on March 7. The LNG will be transported from cargoes ... more
Swedbank Estonia CEO says Lithuania's bank taxes spooked investors' and foreign banks’ interest
Olavi Lepp, CEO of Swedbank’s Estonian branch, stated that Lithuania’s recently imposed temporary bank solidarity levy has dampened interest among new banks and foreign investors in the ... more
Most Read
-
Putin to skip Rio BRICS summit over ICC warrant as Xi signals no-show
18 days ago
-
Turkey yet to prove rare earth deposit has suggested “giant” potential despite reported processing talks with China
10 months ago
-
Uproar in Mongolia as development bank reveals scale of risky loans and NPLs
3 years ago