International Internet Magazine. Baltic States news & analytics
Monday, 16.01.2017, 21:12
Lithuanian businessman Kestutis Juscius has confirmed to BNS that his Baltic Champs Group had secured a loan from the Austrian branch of the Russian state bank Sberbank for payment for the shares of one of the country's largest agricultural investment companies Auga Group, reports LETA/BNS.
Keyword tags: Agriculture, Lithuania, Loan, Markets and Companies, Russia
The Swedish-owned Latvian potato starch maker Aloja-Starkelsen generated EUR 7.621 mln in turnover in the past financial year from September 1, 2015, to August 31, 2016, and increased its profit 20.8% to EUR 287,850, according to Firmas.lv business information website writes LETA.
Auga Group, one of the biggest agricultural investment companies in the Baltics, has applied for approval from Lithuania's competition watchdog to purchase the Lithuanian business of KTG Agrar, a German agricultural company undergoing bankruptcy, writes LETA/BNS.
rices for some Latvian dairy companies' products have increased by up to 30 percent, as Inguna Gulbe from the Institute of Agricultural Resources and Economics told the LNT television this morning writes LETA.
According to Statistics Estonia, 691 tons of pesticides (by active substance) were placed on the market in Estonia in 2015, which was 15% more than in the previous year. The quantity of sold pesticides has been increasing in the last five years.
Estonia's Minister of Rural Affairs Martin Repinski handed his letter of resignation to Prime Minister Juri Ratas on Tuesday, less than two weeks after the new government was sworn in on Nov. 23, reports LETA/BNS,