Posts tagged as Baltik

Lithuania’s Baltik Vairas pins growth hopes on e-bikes

Saturday, October 5, 2019

The chief executive officer of Lithuania’s bicycle manufacturer Baltik Vairas, which sells 95 percent of its products to the Netherlands and Germany, believes that the future belongs to electric bikes, the online news site has reported, citing LETA/BNS. Zilvinas Dubosas says his company focuses on exports, because Lithuania has no bicycle infrastructure.  “Conventional bicycle sales are stable, but we (…) are planning to grow through electric bikes. E-bike sales have been growing at a…